Lennar Corporation (Lennar)
AFFILIATED BUSINESS ARRANGEMENT DISCLOSURE STATEMENT
This is to give you notice that Lennar has a business relationship with North American Advantage Insurance Services, LLC (NAAIS). Lennar owns, directly or indirectly, 100% of NAAIS. Because of this relationship, this referral may provide Lennar a financial or other benefit.
Set forth below is the estimated charge or range of charges for the settlement services listed. You are NOT required to use the listed providers as a condition for the purchase, sale, or refinance of the subject 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
NAAIS is an insurance agent that provides, among other products, homeowner’s/hazard and flood insurance. Set forth below is the estimated range of charges by NAAIS for the settlement services listed.
|Settlement Services/ Description of Fee||Range of Charges*|
|Hazard Insurance||0.2% - 2.5% of home price|
|Flood Insurance||0.1% - 0.5% of home price|
* The above is a premium range for hazard and flood insurance. 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 NAAIS is subject to 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.
By clicking below, I/we acknowledge we have read this disclosure form and understand that Lennar is referring me to purchase the above-described settlement services and may receive a financial or other benefit as the result of this referral.
Once you click "I Agree" below you will be directed to the North American Advantage Insurance Services website.