American Family Home Insurance Company received approval from the Florida Office of Insurance Regulation for revisions to its Collector Vehicle Program, effective August 1, 2024. The update clarifies the eligibility criteria for the Preferred Book Roll provision, a pricing mechanism designed to minimize premium disruption when transferring a qualified book of business from another insurer.

Under the revised rule, policies moved from affiliated carriers—including American Modern Home Insurance Company and several others—are not eligible for Preferred Book Roll pricing. The company stated that this exclusion ensures consistent rating treatment for all American Family customers. In contrast, policies transitioning from unaffiliated specialty insurers, such as Hagerty and Philadelphia Insurance Company, may qualify for the program.

The pricing adjustment is guided by a stabilization factor that limits premium increases to 7% and decreases to 2%, with the provision expiring after the fifth policy renewal. The update was prompted by regulatory inquiries and addresses inconsistencies in prior filings concerning the number and nature of book rolls in Florida.

The filing, submitted on behalf of American Family Home by Martin & Company, is part of the company’s ongoing effort to streamline the onboarding of collector vehicle policies while maintaining rating accuracy and fairness across distribution channels.