|
All Homeowners - Collapse Coverage and
Theft of Building Materials
Due to agent requests at the spring meetings, Collapse
Coverage and Theft of Building Materials have been updated effective
7-1-05, for all homeowner lines (Standard, Premier, and Premier
Elite).
Limited collapse coverage is already
included in the policy. The policy may now be endorsed to
further cover collapse and theft of building materials.
The ML-422 Theft of Building Materials at a
rate of $5.25 per $1,000 of coverage has been replaced by the
WML-400 Collapse Coverage and the WML-401 Theft of Building
Materials, with the following rates:
|
|
Coverage A |
Rate |
|
Collapse |
$ 0 to $100,000 |
$30 |
|
|
$100,001 to $250,000 |
$40 |
|
|
Over $250,000 |
$50 |
|
|
|
|
|
Theft of Building Materials |
$ 0 to $100,000 |
$30 |
|
|
$100,001 to $250,000 |
$40 |
|
|
Over $250,000 |
$50 |
These updates may be found in the on-line
manual in each homeowner section. Previous rule and rates
may be found in the on-line Pre-Existing Manual section.
If you have any questions regarding this
coverage update, please contact your underwriter. |
