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Twelve Month Term w/Billing Terms -
04-07-10
Effective 5-1-10, for Home, Dwelling Fire,
Farmowner, Businessowner, and Artisans, Wisconsin Mutual is
eliminating the Three and Six Month Terms and changing to a Twelve Month
Term with premium payment installments.
The twelve-month term, which is industry standard, will benefit
policyholders in a couple of ways. Any rate increase or company initiated
cancellation, other than cancellation for non payment of premium, can now
only be done on the twelve month renewal date, rather than three or six
months.
The change to a
twelve-month policy term will not affect how policyholders pay their
policy premium. They will continue to receive a declaration approximately
25 to 30 days before a premium installment is due. This declaration that
they'll receive is a billing reminder. You will also continue to receive
a declaration when your policy renews or changes are made to your policy.
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