Nov 9, 2011 - We have made pricing changes to our Homeowners products in Missouri.
Effective for new business: December 1, 2011
Effective for renewal business: January 30, 2012
Overall Rate Decrease of 2.1% varied by segment
Dwellings - Average rate decrease of 1.6% (varied by segment)
Tenants (+1.9%) and Condominiums (-10%) - Average rate decrease of 8.8% (varied by segment)
This change benefits policyholders in our target segments. Individual rate impacts will vary based on the policy’s characteristics. We will continue to provide the best rates for the best performing risks.
Enhanced Segmentation
- Higher-valued homes with higher deductibles and no claims will have improved premiums.
- Amount of Insurance - Lower rates for homes valued between $500,000 and $5,000,000.
- Lower loss surcharges for new and renewal business.
- Lower loss surcharges for policies with prior claims.
- Waiver of all weather claims effective 11/01/2011 for all business.
We continue to maintain our best rates for customers with:
- Coverage A of over $750,000.
- Deductibles of $5,000 and above.
- Auto and Home with Fireman's Fund.
Please email quote requests to quotempir@ffic.com to quote higher deductibles or apply credits the customer is eligible for. Renewal policies are available on Policy View Online (login required), 60 days prior to renewal.
Thank you for making Fireman's Fund your first choice for your Home customers. Contact your local Fireman's Fund representative for more information.
Michael Dayton
Midwest Regional Underwriting Executive
Personal Insurance
Direct: 630.577.6205 Cell: 630.881.1964
michael.dayton@ffic.com
Jennifer Fredenberg
Vice President, Distribution, Sales, & Marketing Midwest Region
Direct: 312.441.2112 Cell: 312.391.8159
jennifer.fredenberg@ffic.com
The insurance policy, not this communication, forms the contract between the insured and the insurance company. The policy may contain limits, exclusions and limitations that are not detailed in this communication. Coverages may differ by state.
