Lennar Corporation (Lennar)
AFFILIATED BUSINESS ARRANGEMENT DISCLOSURE STATEMENT |
This is to give you notice that Lennar has business relationships with the companies listed in the box below. Specifically, Lennar indirectly has (i) at least an 80% ownership interest in Lennar Insurance Agency, LLC (Lennar Insurance Agency); and (ii) substantial minority ownership interest in North American Advantage Insurance Services, LLC (NAAIS). Because of these relationships, this referral may provide Lennar a financial or other benefit.
Set forth below are the types of settlement services offered by these affiliated companies and the estimated charge or range of charges generally required by these companies for such settlement services. You are NOT required to use the listed companies as a condition to the purchase of a property.
THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES.
Provider and Settlement Services/Estimated Range of Charges
Lennar Insurance Agency is an insurance agent that provides, among other products, homeowner's/hazard and floor insurance. Set forth below are the estimated range of charges by Lennar Insurance Agency for the settlement services listed.
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Description of Settlement Service |
Range of Charges - Annual Premium |
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Homeowner's/Hazard Insurance |
0.2% - 2.5% of purchase price amount |
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Flood Insurance |
0.1% - 0.5% of purchase price amount |
NAAIS is an insurance agent that provides, among other products, homeowner’s/hazard and flood insurance. Set forth below are the estimated range of charges by NAAIS for the settlement services listed.
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Description of Settlement Service |
Range of Charges - Annual Premium |
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Homeowner's/Hazard Insurance |
0.2% - 2.5% of purchase price amount |
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Flood Insurance |
0.1% - 0.5% purchase price amount |
NOTE: The above premium ranges for homeowner's/hazard and flood insurance are from Lennar Insurance Agency and NAAIS. If enhancements to the standard policy such as increased limits, scheduled articles, and/or earthquake coverage are required, the premium may increase. Actual quote and acceptance by Lennar Insurance Agency or NAAIS is subject to Lennar Insurance Agency's or NAAIS’ application of its underwriting guidelines, including but not limited to verification of your credit score and previous loss history.
Of course, the cost of your insurance may vary due to many factors including, without limitation, the size, location and cost of your home. |
ACKNOWLEDGMENT
By clicking below, I/we acknowledge that I/we have read this disclosure form and understand that Lennar is referring me/us to purchase the above-described settlement services and may receive a financial or other benefit as the result of this referral.
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Once you click "I Acknowledge" below you will be directed to the Lennar Insurance Agency website.
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