Homebound Insurance Exchange has filed rates and rules for a new Dwelling insurance program in Tennessee, marking the company’s entry into the state’s dwelling fire market. The rate and rule filing was submitted on December 23, 2025, with proposed effective dates of February 1, 2026, for both new and renewal business.

Homebound is positioning the program to cover a range of residential risks, including owner-occupied, seasonal, rental (landlord), vacant properties, and tenant contents, using ISO DP1-based policy forms with optional endorsements to broaden coverage. Coverage options include loss of use or fair rental value, personal liability, and a wide set of optional endorsements such as water backup, service line, equipment breakdown, inflation guard, ordinance or law, limited theft, and home-sharing host activities.

Minimum premiums are set at $125 for Dwelling policies, and the filing outlines policy fees, installment fees, and a required subscriber surplus contribution consistent with reciprocal exchange structures.

Founded in 2024, Homebound is a member owned reciprocal insurer offering community driven personal property coverage, including homeowners, dwelling fire, flood, and mobile home insurance.