RENTAL OR SEASONAL DWELLINGS

Transcription

1 RENTAL OR SEASONAL DWELLINGS SECTION PAGE UNDERWRITING CRITERIA TERRITORY DEFINITIONS... 3 STANDARD RENTAL OR SEASONAL DWELLING RATES TERRITORY STANDARD RENTAL OR SEASONAL DWELLING RATES TERRITORY PREFERRED RENTAL OR SEASONAL DWELLING RATES TERRITORY PREFERRED RENTAL OR SEASONAL DWELLING RATES TERRITORY CONTENTS STANDARD... 8 CONTENTS PREFERRED REPAIR... 9 CONTENTS PREFERRED REPLACEMENT CONDO 1960 OR NEWER - TERRITORY CONDO 1960 OR NEWER - TERRITORY CONDO PRE TERRITORY CONDO PRE TERRITORY LIABILITY Policy Fee: $50 BMIC (09-15) 1 RENTAL OR SEASONAL

2 UNDERWRITING CRITERIA UNDERWRITER APPROVAL REQUIRED ON THE FOLLOWING: 1. Applicant that has plead guilty or been convicted of a felony. 2. Any dwelling where the roof covering is slate, asbestos, concrete or any non-standard material. We will accept the risk, given these roof coverings, if the insured will agree to a roof exclusion. 3. Risks with unfenced in-ground swimming pools. 4. Risks with pools with diving boards. CLAIM UNDERWRITING: The following are guidelines concerning claims history and acceptability. Each applicant and claim scenario is different, so the underwriter will review the entire account and the type of claim or claims to evaluate acceptability. These guidelines distinguish between a singular residential risk and others, such as multiple rentals or large farm risks, which could warrant other consideration. NO-PAY CLAIMS: Generally no-pay claims are treated as a paid claim. SINGULAR RISK: 2 claims in 3 years or 3 claims in 5 years would disqualify a risk. MULTIPLE RENTALS/COMMERCIAL BUILDINGS: In the last 3 years an account should have no more than 1 claim for every 4 rentals, and in the last 5 years no more than 1 claim for every 3 rentals. For example, if an account has 20 rentals, total amount of claims in the last 3 years should be no more than 5, and in the last 5 years should be no more than 7 (rounding up in this case). If there are more than 2 fire claims in the last 5 years, regardless of the number of properties, the risk will be declined. A. STANDARD COVERAGE 1. Coverage is Fire & E.C. (VMM is included.) 2. THEFT coverage is optional. 3. NO OTHER STRUCTURE COVERAGE IS INCLUDED. Farm outbuildings or outdoor fixtures must be scheduled for coverage. Non-Farm outbuildings can be covered under Coverage B Related Private Structures. 4. Speculation houses are not allowed in this program. Must be written as Vacant. B. PREFERRED RENTAL OR SEASONAL (THEFT coverage is optional.) 1. Dwelling must be in very good condition. 2. Roof must be gable or hip type (no flat roofs). See roof replacement eligibility requirements in the Underwriting section, page Must have continuous masonry foundation. 4. Speculation houses are not allowed in this program. Must be written as Vacant. Rentals only: No wood heat except fireplace (interior photo required). If wood heat exists, write dwelling in the Standard program above. PREFERRED REPLACEMENT SPECIAL FORM 1970 or newer BMIC (01-17) 2 RENTAL OR SEASONAL

3 PREFERRED REPAIR COST BROAD FORM 1969 or older Dwelling must be updated: Electrical: Fully rewired Plumbing: Copper or plastic accepted C. CONDO RENTAL OR SEASONAL The condo must be rated rental or seasonal per the following: Rental: If the owner receives any compensation for the use of the condo, then it should be rated as a rental. Seasonal: If used exclusively by the insured, but is not the insured s primary residence, then it should be rated as a seasonal OR NEWER & PRE-1960 Special form for the condo unit and the contents. TERRITORY DEFINITIONS TWO TERRITORIES: TERRITORY 1: BUTLER MADISON ST CHARLES CLAY MISSISSIPPI ST LOUIS DUNKLIN NEW MADRID STODDARD JACKSON PEMISCOT WAYNE JEFFERSON SCOTT TERRITORY 2: BALANCE OF STATE BMIC (01-17) 3 RENTAL OR SEASONAL

4 STANDARD RENTAL OR SEASONAL DWELLING TERRITORY 1 Supporting coverage is NOT required 25, , , , , , , Ea. Add l $1, Coverage is basic peril. Broad form (including coverage for water damage) is optional. VANDALISM; MALICIOUS MISCHIEF is included. TERRORISM COVERAGE is included. ADDITIONAL CHARGES: SERVICE LINE ENHANCEMENT ENDORSEMENT (mandatory) Provides coverage for damage to underground service lines as a result of a covered failure (covered cause of loss includes wear and tear of line) EQUIPMENT BREAKDOWN COVERAGE ENDORSEMENT Adds perils of artificially generated electrical currents, mechanical breakdown, and losses from pressure equipment. Charge is per policy (does not matter how many rental dwellings on policy) WOOD HEAT Interior photo required of wood heat installation SUBMERSIBLE PUMP WARRANTY $4,000 limitation. $500 deductible. Covers the pump whatever the cause of loss ROOF REPLACEMENT Flat roofs are ineligible. Charge separately for each building to be covered. See eligibility requirements, Underwriting page BROAD FORM per $1,000 FAIR RENTAL VALUE 6.00 per $1,000 RELATED PRIVATE STRUCTURES (No farm buildings) See F&EC page 10 for farm building rates per $1,000 SEWER BACKUP DEDUCTIBLE CREDITS: $1,000 all other perils / $2,000 wind hail 10% $2,000 17% $2,500 20% $3,000 25% DWELLING(S) MUST HAVE SMOKE DETECTORS. BMIC (01-17) 4 RENTAL OR SEASONAL

5 STANDARD RENTAL OR SEASONAL DWELLING TERRITORY 2 Supporting coverage is NOT required 25, , , , , , , Ea. Add l $1, Coverage is basic peril. Broad form (including coverage for water damage) is optional. VANDALISM; MALICIOUS MISCHIEF is included. TERRORISM COVERAGE is included. ADDITIONAL CHARGES: SERVICE LINE ENHANCEMENT ENDORSEMENT (mandatory) Provides coverage for damage to underground service lines as a result of a covered failure (covered cause of loss includes wear and tear of line) EQUIPMENT BREAKDOWN COVERAGE ENDORSEMENT Adds perils of artificially generated electrical currents, mechanical breakdown, and losses from pressure equipment. Charge is per policy (does not matter how many rental dwellings on policy) WOOD HEAT Interior photo required of wood heat installation SUBMERSIBLE PUMP WARRANTY $4,000 limitation. $500 deductible. Covers the pump whatever the cause of loss ROOF REPLACEMENT Flat roofs are ineligible. Charge separately for each building to be covered. See eligibility requirements, Underwriting page BROAD FORM per $1,000 FAIR RENTAL VALUE 6.00 per $1,000 RELATED PRIVATE STRUCTURES (No farm buildings) See F&EC page 10 for farm building rates per $1,000 SEWER BACKUP DEDUCTIBLE CREDITS: $1,000 all other perils / $2,000 wind hail 10% $2,000 17% $2,500 20% $3,000 25% DWELLING(S) MUST HAVE SMOKE DETECTORS. BMIC (01-17) 5 RENTAL OR SEASONAL

6 PREFERRED RENTAL OR SEASONAL DWELLING TERRITORY 1 Replacement (Insurable value at replacement) SPECIAL FORM 1970 or newer 10% other structure coverage, $3,000 loss of rent $60, , , , , , , , , , , Ea. Add'l $1, PREFERRED RENTAL OR SEASONAL DWELLING TERRITORY 1 Repair Cost (Insurable value at market) BROAD FORM REPAIR COST 1969 or older 10% other structure coverage, $3,000 loss of rent 50, , , , , , , , , , , , , , , , , , ,000 1, , , , , Ea. Add'l $1, TERRORISM COVERAGE is included. DWELLING(S) MUST HAVE SMOKE DETECTORS. ADDITIONAL CHARGES: SERVICE LINE ENHANCEMENT ENDORSEMENT (mandatory) Provides coverage for damage to underground service lines as a result of a covered failure (covered cause of loss includes wear and tear of line) EQUIPMENT BREAKDOWN COVERAGE ENDORSEMENT Adds perils of artificially generated electrical currents, mechanical breakdown, and losses from pressure equipment. Charge is per policy (does not matter how many rental dwellings on policy) SUBMERSIBLE PUMP WARRANTY $4,000 limitation. $500 deductible WOOD HEAT Rentals only: No wood heat except fireplace. Interior photo required per $1,000 FAIR RENTAL VALUE $3,000 INCLUDED 6.00 per $1,000 INCREASED OTHER STRUCTURES NO FARM USED BUILDINGS per $1,000 BOAT DOCKS Inland Marine coverage; covers collapse; use Inland Marine application per $1,000 SEWER BACKUP DEDUCTIBLE CREDITS: $1,000 all other perils / $2,000 wind hail - 10% credit $2,000-17% credit; $2,500 20% credit; $3,000 25% credit BMIC (01-17) 6 RENTAL OR SEASONAL

7 PREFERRED RENTAL OR SEASONAL DWELLING TERRITORY 2 Replacement (Insurable value at replacement) SPECIAL FORM 1970 or newer 10% other structure coverage, $3,000 loss of rent $60, , , , , , , , Ea. Add'l $1, PREFERRED RENTAL OR SEASONAL DWELLING TERRITORY 2 Repair Cost (Insurable value at market) BROAD FORM REPAIR COST 1969 or older 10% other structure coverage, $3,000 loss of rent 50, , , , , , , , , , , , , , Ea. Add'l $1, TERRORISM COVERAGE is included. DWELLING(S) MUST HAVE SMOKE DETECTORS. ADDITIONAL CHARGES: SERVICE LINE ENHANCEMENT ENDORSEMENT (mandatory) Provides coverage for damage to underground service lines as a result of a covered failure (covered cause of loss includes wear and tear of line) EQUIPMENT BREAKDOWN COVERAGE ENDORSEMENT Adds perils of artificially generated electrical currents, mechanical breakdown, and losses from pressure equipment. Charge is per policy (does not matter how many rental dwellings on policy) SUBMERSIBLE PUMP WARRANTY $4,000 limitation. $500 deductible WOOD HEAT Rentals only: No wood heat except fireplace. Interior photo required per $1,000 FAIR RENTAL VALUE $3,000 INCLUDED 6.00 per $1,000 INCREASED OTHER STRUCTURES NO FARM USED BUILDINGS per $1,000 BOAT DOCKS Inland Marine coverage; covers collapse; use Inland Marine application per $1,000 SEWER BACKUP DEDUCTIBLE CREDITS: $1,000 all other perils / $2,000 wind hail - 10% credit $2,000-17% credit; $2,500 20% credit; $3,000 25% credit BMIC (01-17) 7 RENTAL OR SEASONAL

8 STANDARD RATED CONTENTS TERRITORY 1 No supporting coverage required. No theft coverage included. $5, , , , , , Ea. add'l $1, STANDARD RATED CONTENTS TERRITORY 2 No supporting coverage required. No theft coverage included. $5, , , , , , Ea. add'l $1, REPLACEMENT CONTENTS: $40.00 LIMITED THEFT: $45.00 ($5,000 coverage limit) Refer to policy for exact coverage and restrictions. DEDUCTIBLE CREDITS: $1,000 all other perils / $2,000 wind hail - 10% credit $2,000-17% credit; $2,500 20% credit; $3,000 25% credit BMIC (01-17) 8 RENTAL OR SEASONAL

9 PREFERRED REPAIR CONTENTS TERRITORY 1 No theft coverage included $5, , , , , , , , , Ea. add'l $1, PREFERRED REPAIR CONTENTS TERRITORY 2 No theft coverage included $5, , , , , , , , , Ea. add'l $1, REPLACEMENT CONTENTS: $40.00 LIMITED THEFT: $45.00 ($5,000 coverage limit) Refer to policy for exact coverage and restrictions. DEDUCTIBLE CREDITS: $1,000 all other perils / $2,000 wind hail - 10% credit $2,000-17% credit; $2,500 20% credit; $3,000 25% credit BMIC (01-17) 9 RENTAL OR SEASONAL

10 PREFERRED REPLACEMENT CONTENTS TERRITORY 1 No theft coverage included COVERAGE CLASS 1-4 CLASS 5-6 CLASS 7-8 CLASS 9 CLASS 10 $5, , , , , , , , , Ea. add'l $1, PREFERRED REPLACEMENT CONTENTS TERRITORY 2 No theft coverage included COVERAGE CLASS 1-4 CLASS 5-6 CLASS 7-8 CLASS 9 CLASS 10 $5, , , , , , , , , Ea. add'l $1, REPLACEMENT CONTENTS: $40.00 LIMITED THEFT: $45.00 ($5,000 coverage limit) Refer to policy for exact coverage and restrictions. DEDUCTIBLE CREDITS: $1,000 all other perils / $2,000 wind hail - 10% credit $2,000-17% credit; $2,500 20% credit; $3,000 25% credit BMIC (01-17) 10 RENTAL OR SEASONAL

11 CONDO RENTAL OR SEASONAL TERRITORY 1 Dwelling age: 1960 or newer 15% COV. A (Condo Unit) and 20% COV. D (Fair Rental Value) COVERAGE CLASS 1-4 CLASS 5-6 CLASS 7-8 CLASS 9 CLASS 10 10, , , , , , , , , , , , , , Per 1, Increased Cov A Per 1, (Related Private Structures are included in Coverage A. Increase Coverage A accordingly for Related Private Structures owned by the insured.) Increased Cov B Per 1,000 CREDITS FOR HIGHER DEDUCTIBLES: $1,000 all other perils / $2,000 wind hail 10% $2,000 17% $2,500 20% $3,000 25% ADDITIONAL CHARGES: WOOD HEAT CHARGE REPLACEMENT COST CONTENTS EQUIPMENT BREAKDOWN COVERAGE ENDORSEMENT Adds perils of artificially generated electrical currents, mechanical breakdown, and losses from pressure equipment. Charge is per policy (does not matter how many rental dwellings on policy) per $1,000 ASSOCIATION DEDUCTIBLE COVERAGE $1500 included 2.50 per $1,000 ASSOCIATION LOSS ASSESSMENT $1500 included 5.60 per $1,000 SEWER BACKUP BMIC (04-13) 11 RENTAL OR SEASONAL

12 CONDO RENTAL OR SEASONAL TERRITORY 2 Dwelling age: 1960 or newer 15% COV. A (Condo Unit) and 20% COV. D (Fair Rental Value) COVERAGE CLASS 1-4 CLASS 5-6 CLASS 7-8 CLASS 9 CLASS 10 10, , , , , , , , , , , , Per 1, Increased Cov A Per 1, (Related Private Structures are included in Coverage A. Increase Coverage A accordingly for Related Private Structures owned by the insured.) Increased Cov B Per 1,000 CREDITS FOR HIGHER DEDUCTIBLES: $1,000 all other perils / $2,000 wind hail 10% $2,000 17% $2,500 20% $3,000 25% ADDITIONAL CHARGES: WOOD HEAT CHARGE REPLACEMENT COST CONTENTS EQUIPMENT BREAKDOWN COVERAGE ENDORSEMENT Adds perils of artificially generated electrical currents, mechanical breakdown, and losses from pressure equipment. Charge is per policy (does not matter how many rental dwellings on policy) per $1,000 ASSOCIATION DEDUCTIBLE COVERAGE $1500 included 2.50 per $1,000 ASSOCIATION LOSS ASSESSMENT $1500 included 5.60 per $1,000 SEWER BACKUP BMIC (04-13) 12 RENTAL OR SEASONAL

13 CONDO RENTAL OR SEASONAL TERRITORY 1 Dwelling age: Pre % COV. A (Condo Unit) and 20% COV. D (Fair Rental Value) COVERAGE CLASS 1-4 CLASS 5-6 CLASS 7-8 CLASS 9 CLASS 10 10, , , , , , , , , , , , , , , , , , , Per 1, Increased Cov A Per 1, (Related Private Structures are included in Coverage A. Increase Coverage A accordingly for Related Private Structures owned by the insured.) Increased Cov B Per 1,000 CREDITS FOR HIGHER DEDUCTIBLES: $1,000 all other perils / $2,000 wind hail 10% $2,000 17% $2,500 20% $3,000 25% ADDITIONAL CHARGES: WOOD HEAT CHARGE REPLACEMENT COST CONTENTS EQUIPMENT BREAKDOWN COVERAGE ENDORSEMENT Adds perils of artificially generated electrical currents, mechanical breakdown, and losses from pressure equipment. Charge is per policy (does not matter how many rental dwellings on policy) per $1,000 ASSOCIATION DEDUCTIBLE COVERAGE $1500 included 2.50 per $1,000 ASSOCIATION LOSS ASSESSMENT $1500 included 5.60 per $1,000 SEWER BACKUP BMIC (04-13) 13 RENTAL OR SEASONAL

14 CONDO RENTAL OR SEASONAL TERRITORY 2 Dwelling age: Pre % COV. A (Condo Unit) and 20% COV. D (Fair Rental Value) COVERAGE CLASS 1-4 CLASS 5-6 CLASS 7-8 CLASS 9 CLASS 10 10, , , , , , , , , , , , , , , , Per 1, Increased Cov A Per 1, (Related Private Structures are included in Coverage A. Increase Coverage A accordingly for Related Private Structures owned by the insured.) Increased Cov B Per 1,000 CREDITS FOR HIGHER DEDUCTIBLES: $1,000 all other perils / $2,000 wind hail 10% $2,000 17% $2,500 20% $3,000 25% ADDITIONAL CHARGES: WOOD HEAT CHARGE REPLACEMENT COST CONTENTS EQUIPMENT BREAKDOWN COVERAGE ENDORSEMENT Adds perils of artificially generated electrical currents, mechanical breakdown, and losses from pressure equipment. Charge is per policy (does not matter how many rental dwellings on policy) per $1,000 ASSOCIATION DEDUCTIBLE COVERAGE $1500 included 2.50 per $1,000 ASSOCIATION LOSS ASSESSMENT $1500 included 5.60 per $1,000 SEWER BACKUP BMIC (04-13) 14 RENTAL OR SEASONAL

15 LIABILITY RENTAL OR SEASONAL DWELLINGS No personal liability - premises coverage only 25 acres or less 1,000 medical included personal injury included ADDED EXPOSURE EA. 1 FAMILY RESIDENCE EA. 2 FAMILY RESIDENCE EA. 3 FAMILY RESIDENCE EA. 4 FAMILY RESIDENCE LIMITS OF LIABILITY (000 OMITTED) ADD L MED PAY ,000 2,000 5, DISCOUNTED RATES BELOW MUST HAVE AT LEAST 6 ON SAME POLICY. ADDED EXPOSURE EA. 1 FAMILY RESIDENCE EA. 2 FAMILY RESIDENCE EA. 3 FAMILY RESIDENCE EA. 4 FAMILY RESIDENCE LIMITS OF LIABILITY (000 OMITTED) ADD L MED PAY ,000 2,000 5, LIABILITY PREMIUM IS NOT SUBJECT TO DEDUCTIBLE CREDIT RENTAL OR SEASONAL FARM LIABILITY (NO PERSONAL LIABILITY OR FARM EMPLOYEE COVERAGE) 1,000 medical included personal injury included ACRES LIMITS OF LIABILITY (000 OMITTED) ADD L MED PAY ,000 2,000 5, EACH ADD L 200 ACRES BMIC (01-17) 15 RENTAL OR SEASONAL

16 1. Coverage can only be provided if Barton Mutual is providing coverage for the property. (We will not write a liability policy only.) 2. Property must be maintained properly. Special emphasis will be placed on upkeep and maintenance. 3. Dogs: If there is a dog on premises that displays vicious tendencies, we will not write liability coverage. 4. We will not accept coverage on those risks with a frequency of claims. PROGRAM DESCRIPTION 1. Coverage is provided for premises only. (No personal liability.) 2. No coverage for tenants. (Tenants must purchase separate CPL.) 3. Personal Injury is included when liability is purchased. This will cover at no extra cost slander, libel, false arrest, wrongful entry, wrongful eviction and invasion of privacy. There are two important coverage constraints: a. Personal injury is only included on rental policies liability section. If you extend it from another policy, there is no personal injury coverage unless you add it optionally. b. The personal injury coverage only applies to acts related to the rental itself. For example, if the insured slanders someone, not related to his rentals, there would be no coverage. BMIC (04-13) 16 RENTAL OR SEASONAL