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.
Effective February 1, 2013 new dwelling lost costs will apply. The standard deductible will change from $250 to $500. A $250 deductible can be requested on a buy back only if submitted in writing separately from the application.
On October 1, 2012 new commercial lost cost go into effect for all Division 5 commercial property.
Effective June 1, 2011 new ISO Farm Lost Costs apply.
Effective 2/1/10 all commercial and farm property require a letter from the producer advising they have attempted to market the property in the standard market. If the letter is not submitted with the new or renewal application the application will be returned or declined.
Effective August 1, 2009 there will be a change in ISO Commercial loss costs.
Effective 09/01/08 there will be an ISO change in Commercial loss costs.
Effective 12/01/08 there will be an ISO change in the Dwelling loss costs.
Effective 11/01/07 there will be an ISO Change in the commercial loss costs.