Program Participation Agreement Changes 6/27/2025

The REInsurePro Program Participation Agreement is signed by program insureds when an account is set up, and outlines the Terms & Conditions that govern participation in our insurance program. From time to time, updates are required to this agreement. Continued coverage in the Program assumes acceptance of the current agreement which can be found on each account’s Monthly Inventory Report.

The most up-to-date Program Participation Agreement can be viewed here.

Effective June 27, 2025: Below is a summary of the primary changes (NOT an all-inclusive list) organized by section number – please review the linked document for exact wording of all changes.

Section 1.b.ii – You understand that this insurance program relies on a monthly reporting form whereby coverage for an insured location is updated monthly with the assigned carriers. Scheduled locations and their occupancy statuses must be accurately reported by you. 

Section 2 – Includes clarifications related to your consent to receive information electronically, communication via email is required in order to participate in this insurance program, you have an obligation to maintain a valid email address, and electronic signatures are the equivalent of a handwritten signature.

Section 4.b.i – You must notify NREIG in writing in order to begin, add, or cancel coverage.

Section 4.b.iii – You authorize NREIG to reallocate funds between locations on the same account in order to ensure the account is paid in full.

Section 4.h. – Includes that: all habitational units and common hallways, regardless of whether vacant, renovation, or tenant-occupied, shall have operable smoke detectors present otherwise coverage will be void in the event of a fire loss.

Section 4.j. – Reflects changes in per-transaction fees based on payment method: $1 per ACH transaction, $5 per check, 3% of the charge amount for credit cards, and up to $20 per transaction for wire transfers. Monthly installment fees ($7) will be eliminated with this change. Fees for coverage reinstatement and returned checks are also changing.

Section 11 – Changes address the handling of legal fees and costs in the unlikely event that we have a dispute that must be settled by arbitration.

Section 12 – The venue for all disputes shall be Jackson County, Missouri.