MS Transverse Insurance Company has filed a new Dwelling Protection insurance program in California, seeking approval to enter the state’s residential dwelling fire market with a full suite of policy forms, endorsements, and rates. The filing was submitted on December 15, 2025, with a requested effective date of April 1, 2026, for new business.
The filing introduces a complete DP-1 and DP-3 based dwelling product designed to cover owner occupied, tenant occupied, and rental properties. The program includes core dwelling, other structures, personal property, fair rental value, and additional living expense coverages, along with a broad set of optional endorsements that allow policyholders to tailor coverage.
Notable endorsements include actual cash value roof loss settlement, extended replacement cost, ordinance or law coverage, limited sewer and drain backup, combined single limits for water losses, personal injury liability, communicable disease and cyber loss exclusions, and increased deductibles for tenant caused losses. The program also incorporates vandalism coverage for unoccupied homes and specific provisions addressing tenant occupied dwellings.
From an underwriting and loss settlement perspective, the filing emphasizes tighter control of property risk through roof age and condition based settlement terms, defined vacancy and unoccupancy thresholds, and structured sublimits for higher risk personal property categories such as electronics, collectibles, jewelry, firearms, and tools. Business property and cannabis related exposures are explicitly excluded, consistent with California dwelling fire market norms.
Rates and rules are supported by a California specific Dwelling Fire Product Manual and prior approval rate application materials, including actuarial exhibits, rating examples, and fee support documentation. The filing is structured as a new program rather than a revision, signaling MS Transverse’s intent to establish a standalone California dwelling platform rather than modify an existing homeowners book.
If approved, the filing would position MS Transverse to compete in California’s increasingly constrained residential property market, where carriers continue to refine dwelling fire offerings as an alternative to traditional homeowners policies amid elevated catastrophe exposure and underwriting pressure.