Important Underwriting Changes in 2013

New in 2013:

Insured’s will no longer be required to submit a completed and signed renewal application every year.  The form has been redesigned to request information be provided if changes have occurred to the property or the policy information.  If the premium is submitted the renewal will automatically be issued provided there have been no changes to the risk.

We will now be ordering inspections on renewals every four years instead of every five years.

If a property sustains two losses within a twelve month period, and we continue to provide coverage, a higher deductible will be imposed.  After five years of no losses the insured or producer may request, in writing, that the deductible be reduced.

The dwelling program minimum deductible has been changed  to $500 with a $250 buy back upon written request.