property rate manual

WW 2021 Property Manual Working Draft.xlsxWest Wawanosh Mutual Insurance Company - PROPERTY MANUAL JULY 1, 2021
Effective July 1, 2021
Published June 1, 2021
OFFICE FAX (519) 612-2540
N7A 1P9
BUSINESS HOURS: 8:15 a.m. - 4:30 p.m.
PROPERTY RATE MANUAL
i
West Wawanosh Mutual Insurance Company - PROPERTY MANUAL JULY 1, 2021
TABLE OF CONTENTS
GENERAL INFORMATION V
RESIDENTIAL UNDERWRITING GUIDELINES 1 BINDING AUTHORITY & SPECIAL APPROVAL 2 BROKER TRANSFERS/LETTERS OF AUTHORIZATION 4 MINIMUM POLICY PREMIUMS 5 DEDUCTIBLES 5 DEFINITIONS 6 DISCOUNTS 7 CLAIMS SURCHARGES 8 WOOD STOVES & WOOD BURNING FIREPLACES/FUEL OIL SURCHARGE 8 FIRE PROTECTION GRADES 9 TERRITORIAL BOUNDARIES 9 RESIDENTIAL EVALUATIONS 10 GUARANTEED REBUILDING COST ENDORSEMENT 10 ADDITIONAL REBUILDING COST ENDORSEMENT 11 COMBINED LIMIT 11
HOMEOWNERS/FARMOWNERS QUALIFICATIONS 12 PACKAGE COVERAGE COMPARISON 13 PREMIUMS - PREFERRED 14 PREMIUMS – GRADE 1 14 PREMIUMS - GRADE 2 15 PREMIUMS - GRADE 2A 15
MOBILE HOMEOWNERS/FARMOWNERS QUALIFICATIONS 16 MOBILE HOMEOWNERS/FARMOWNERS COVERAGE 17 MOBILE HOMEOWNERS/FARMOWNERS PREMIUMS 18
RENTAL DWELLING PACKAGE & NON PACKAGE 26
SECONDARY HOMEOWNERS/FARMOWNERS QUALIFICATIONS 20 SECONDARY HOMEOWNERS/FARMOWNERS COVERAGE COMPARISON 21 PREMIUMS – PREFERRED & GRADE 1 22 PREMIUMS - GRADE 2 & GRADE 2A 23
SEASONAL HOMEOWNERS QUALIFICATIONS & COVERAGE COMPARISON 24 SEASONAL HOMEOWNERS PREMIUMS 25
TRAVEL TRAILER PACKAGE QUALIFICATIONS & RATING 27
TENANTS PACKAGE TENANTS PACKAGE COVERAGE 28 TENANTS PACKAGE – PLUS (ALL RISKS) & STANDARD (NAMED PERILS ) 29
LIFE LEASE ENDORSEMENT & VACANT LAND ENDORSEMENT 31
ii Index
CONDOMINIUM UNIT OWNERS COVERAGE 32 Condominium Rates 33
LIMITED COVERAGES DWELLINGS & PERSONAL PROPERTY 35 SEASONAL DWELLINGS & PERSONAL PROPERTY 36
MISCELLANEOUS COVERAGES AIR BNB, AGENCY RENTAL, PRIVATELY RENTED OUT-PRIMARY OR SECONDARY DWELLINGS 37 BEAR DAMAGE 37 BICYCLES 37 BUILDING BY-LAW & CODE COMPLIANCE 38 CANNABIS 38 CREDIT CARD SURPLUS 38 DEBRIS REMOVAL-ANY INSURED BUILDING 38 EARTHQUAKE – COVERAGE “GG” - RESIDENTIAL & FARM RATES 39 ENHANCED LIMITS ENDORSEMENT 39 EQUIPMENT BREAKDOWN-RESIDENTIAL 44 FOOD FREEZER 39 GARDEN TYPE TRACTORS & GOLF CARTS 39 GLASS BREAKAGE – COVERAGE “RG” 39 IDENTITY FRAUD 40 LAND LEASE CONDOMINIUM CORPORATION EXTENSION ENDST(WAS LEASEHOLD CONDO ENDST) 40 NURSING HOME OR RETIREMENT HOME RESIDENT ENDORSEMENT 41 POLLUTION DAMAGE-INSURED PREMISES (FIRST PARTY) 41 POWER FLUCTUATION 41 Rebuilding Clause - Dwellings 41 RENTAL INCOME PROTECTION 41 REPLACEMENT COST – PERSONAL PROPERTY – COVERAGE “R’ 41 SOLAR INSTALLATIONS-REFER TO FARM SECTION 98 SWIMMING POOL – NAMED PERILS – COVERAGE “FF” 42 TV ANTENNA/SATELLITE DISH FLOATER – COVERAGE “T” 42 TOMBSTONE COVERAGE 42 WAIVER OF DISTANCE ON DWELLINGS 42 WATER PROTECTION ENDORSEMENT (REPLACES SEWER) 43
MULTI – PERIL COVERAGES 45 BOATS
INBOARD/OUTBOARD, BOAT, MOTOR AND TRAILER /SAILBOATS, PERSONAL WATERCRAFT 46
FARM & RESIDENTIAL RESIDENCE CONSTRUCTION ENDORSEMENT 47 PERSONAL LIABILITY
PREMIUMS 49 LIQUOR LICENSE ENDORSEMENT 50 RETAIL SALES & DISPLAYS AT FAIRS 50 SHOWING TRACTORS OR ANIMALS; WELL WATER; LIMIT FACTORS 51 WATERCRAFT 52 GOLF CARTS 53 SELF PROPELLED LAWN MOWERS, SNOW BLOWERS, GARDEN TYPE TRACTORS 53
FARM UNDERWRITING FARM UNDERWRITING GUIDELINES 55 BROKER TRANSFERS/LETTERS OF AUTHORIZATION 56 MINIMUM POLICY PREMIUMS 57 DEDUCTIBLES 57 DISCOUNTS/SURCHARGES 58 DEFINITIONS 59 DETACHED PRIVATE STRUCTURE 59 BARNS AND OUTBUILDINGS – BROAD FORM, COMBINED LIMIT, REPLACEMENT COST CRITERIA 60
iii Index
BARNS AND OUTBUILDINGS REBUILDING CLAUSE 61 BARNS AND OUTBUILDINGS; SILOS AND GRAINARIES- Not on a Program 62 COMBINED LIMIT RATE-(discontinued 2011) 63 POULTRY BARNS - Not on a Program 64 EQUINE PROGRAM- Uses Non Package Wordings + Additional Agreements for Equine 65 ENHANCED RATES ONLY-DAIRY & POULTRY 66-71
CASH CROP DAIRY POULTRY PROGRAMS-ENHANCED RATES & COMPREHENSIVE COVERAGES 73-90 CASH CROP/UNLICENSED GRAIN HANDLING FACILITY PROGRAMS 75-78 DAIRY PROGRAM- Definition, Qualifications, Product, Rates, Statement of Values, Schedules 79-82 POULTRY PROGRAM-Definition(63), Sched,Qualifications, Product, Rates,Statement of Values 86-90
OTHER FARM COVERAGES COMPUTERIZED ELECTRONIC EQUIPMENT 91 DEBRIS REMOVAL COVERAGE 91 EARNINGS INSURANCE - NO DEDUCTIBLE 91 EQUIPMENT BREAKDOWN - INCLUDING TECH ADVANTAGE 92 EXTERIOR WIRING 92 LIVESTOCK FLOATER 93
MONTHLY REPORTING 94 LIMITED MORTALITY 94
MACHINERY & EQUIPMENT 95 LOSS OF USE, SHORT TERM RENTAL & WAIVER OF DEPRECIATION 95
MILK CONTAMINATION ENDORSEMENT 96 MILK TRUCK ROAD CONDITION ENDORSEMENT 96 POWER FLUCTUATION 96 PRODUCE FLOATER 96 ROUND UP OF LIVESTOCK 96 SEMEN/EMBRYO/TANK COVERAGE 96 SOLAR PANELS 98 MISC- BUILDER'S RISK, FARMERS ACCIDENT INSURANCE , FARMER'S RENTAL INCOME 100 UNMANNED AIR VEHICLE SYSTEM (UAV) & MODEL AIRCRAFT -AKA DRONE, QUAD COPTER 97
COMPREHENSIVE FARM LIABILITY "H" FARM LIABILITY "H2" FARMERS TENANTS LEGAL & "H3" FARMERS LIMITED POLLUTION 101 NON OWNED LIVESTOCK LIABILITY 101 DEFINITIONS:
BASIC FARM OPERATION 102 ADDITIONAL INSUREDS 102 ADDITIONAL FARM LOCATIONS , ADDITIONAL RESIDENCES 103 PERSONAL WATERCRAFT 103 CUSTOM FARMING 103 CONSTRUCTION ACTIVITIES BY THE INSURED 104
FARM LIABILITY BUSINESS & PERSONAL LIABILITY; PRODUCT RECALL; SEED E & O 105 PREMIUMS 106 ADDITIONAL BUSINESS PURSUITS; LIMIT FACTORS 107 SPECIAL RISKS 111
EXCESS LIABILITY RESIDENTIAL & FARM 113 UMBRELLA LIABILITY -RESIDENTIAL & FARM ARE NOW SEPARATE 114 OTHER:
DIRECT BILL PROCESS 121 PRE AUTHORIZED PAYMENT PLAN PROCEDURES AND GUIDELINES 119 PAYMENT OPTIONS CONTINUES & RETURNED ITEM PROCESS 123 SHORT RATE CANCELLATION TABLE 124 INSPECTION CRITERIA Appendix A
iv Index
GENERAL INFORMATION
UNDERWRITING/LOSS CONTROL
Ruth Ritchie
Jeff Elliott
Laura Phillips, CIP, CRM
CLAIMS
ADJUSTER Judy Andress
ACCOUNTANT Jennifer Moore CPA, CGA
ACCOUNTING/ADMINISTRATION Patty Hodges
ACCOUNTING & ADMINISTRATION ASSISTANT Krystal Younglao
ACCOUNTS RECEIVABLE CLERK/HR ASSISTANT Jordan McWhinney CHRP
DOC MANAGEMENT CO-ORDINATOR/ADMIN ASST Deneka Crich
v
CONTACT INFORMATION:
Underwriting Information [email protected] All UW info including banking
Aimee Townsend [email protected] Ext 230
Alison Gilkes [email protected] Ext 225
Cathie Simpson [email protected] Ext 221
Deneka Crich [email protected] Ext 223
Jeff Elliott [email protected] Ext 246
Jennifer Moore [email protected] Ext 237
Joanne Johnston [email protected] Ext 244
Jordan McWhinney [email protected] Ext 233
Judy Andress [email protected] Ext 238
Karen Shepherd [email protected] Ext 229
Kelly Connelly [email protected] Ext 243
Krista Sanderson [email protected] Ext 226
Krystal Younglao [email protected] Ext 236
Laura Phillips [email protected] Ext 239
Linda Boyd [email protected] Ext 245
Lisa Geddes [email protected] Ext 227
Michele Inglis [email protected] Ext 231
Patty Hodges [email protected] Ext 235
Ruth Ritchie [email protected] Ext 228
Sarah Bender [email protected] Ext 242
Shannan Sweiger [email protected] Ext 232
Shelly Pollock [email protected] Ext 224
Traci Radford [email protected] Ext 222
vi
DIRECTOR / ADJUSTERS
DIRECTORS
ALGORITHM FOR RATING PURPOSES
X DEDUCTIBLE FACTOR
THE TOTAL OF THESE WHERE ELIGIBLE
X GTA SURCHARGE or "OTHER" TERRITORY SURCHARGE All M= 40% 50%other 25%-L-some
P POSTAL CODE FACTOR TO ALL P POSTAL CODES (SEE NOTE) 5%
X THE TOTAL OF THESE WHERE ELIGIBLE
1ST TIME BUYER (remove on 3rd renewal=4.0 document) 10%
+ALARM DISCOUNT 5% or 10%
+APARTMENT SURCHARGE 10% or 15%
+COMBINED LIMIT SUCHARGE 10%
+ RENTAL AGREEMENT CONTAINS LEASE DISCOUNT 5%
+ AUXILIARY HEAT $50 (Mobile = $125)
Subtotal FULL PERIOD PREMIUM (COLUMN ON WW SYSTEM)
X THE TOTAL OF THESE WHERE ELIGIBLE
CLAIMS FREE DISCOUNT 20%
+LOYALTY DISCOUNT (only if prior WW eligible policy) 5% 8% or 10%
+MULTI LINE DISCOUNT 10%
+ Water Protection Endorsement- $150.00 Minimum with a $1,000 Deductible - no discount
Minimum $1,000 Deduct ible, no discounts of any kind
Otherw ise ref lects policy deduct ible w ith no discounts
OR
+ 4S Sew er, Septic Sump Backup $150 Minimum w ith a $1,000 Deduct ible - no discount
(Where not eligible for Water Protect ion Endorsement re 100' distance to w ater exclusion or 3L) + Equipment Breakdow n including Home Services No Claims Free;Deduct ibles per manual + Floaters Eligible for Claims Free only Base Rate-Deductible=Subtotal
+ Farm Buildings/Fltrs Eligible for Claims Free only -Claims Free=Total
+ Liability No Discounts or Deductible Credits
Total
NOTES:
Limited coverage - any Loadings would become part of the Base
NOTES:
P Postal Code Factor applies to all P Postal Codes
There could be situations where both the "Other" Fire Protection Grade and P Postal Code
would apply in which case they would be added together
ALGORITHM
WEST WAWANOSH MUTUAL INSURANCE COMPANY
RESIDENTIAL UNDERWRITING
BINDING AUTHORITY
BINDING NOT PERMITTED ON THE FOLLOWING - NOT TO BE BOUND OR SUBMITTED
New Business
$1,000,000 Maximum Limit for these coverages… Until High Value Home { Additional Rebuilding Cost Inspection is completed and { Guaranteed Rebuilding Cost Limit is met { Combined Limit
$1,000,000 - $2,499,000 Dwelling Limit Refer To Company for any coverage
$2,500,000 and up Not Written
Renewal Business
$2,500,000 Dwelling limit and higher Special Approval required from Farm Mutual Re - no binding Subject to premium increase and/or
amended terms if approved
Additional Insured Requests:
Copy of Insurance section of contract is required to be submitted for adding Additional Insured other than ie) family member/employee
Certificates of Insurance
Broker must refer to company for review and approval if Additional Insured is required and company will issue certificate with specific Additional Insured Clause
Broker must provide copy to insurer if broker issues without additional insured
2
RESIDENTIAL UNDERWRITING GUIDELINES- BINDING AUTHORITY
The Agent/Broker is authorized to bind and submit applications subject to the terms of the
Agent/Brokerage agreement and subject to the limits and restrictions as posted by the Company.
The binding limit will be $1,000,000. per Building / Structure, for all Residential properties.
A fully completed, signed application must be received by the Company within SEVEN d ays of
the inception date of the policy for binding authority to apply. If delayed please notify Underwriter.
No binding of coverage permitted prior to the date and time the application is completed
(No backdating of coverage).
ALL NEW BUSINESS AND ENDORSEMENT REQUESTS REQUIRE: (07/19 clarified includes endsts)
Mandatory a) current photo(s) on all dwellings/outbuildings with application/endorsement b) Evaluation and c) oil &/or wood heat-photo/questionnaire
Wood- please include required distances on the questionnaire. WPE Loss Refer to WPE Section
BINDING NOT PERMITTED ON THE FOLLOWING - NOT TO BE BOUND OR SUBMITTED
BUILDER'S RISK-construction has started, other than foundation-existing client refer to
company; new-not written; Except manufactured ie) Royal or Quality Home
CANCELLED PRIOR Risks that have been or are in the process of being cancelled
cancelled by the previous Insurer for Claims or Underwriting reasons.
CLAIM STILL OPEN may not be bound or submitted-no exceptions
CLAIMS Risks with more than one (1) claim in the last three years.
CLAIMS Water Protection loss within last 5 years (refer to Water Protection Section)
ELECTRICAL AMP -All Dwellings with less than a 100 amp service - except mobile homes
ELECTRICAL WIRING New business with ANY “ knob & tube” or aluminum
requires current written confirmation from ESA or a licensed electrician that it is acceptable
FIRE RESTRICTED ZONES no new of any kind, no increasing limits
FIRST TIME INSURANCE required-restriction removed-may now be bound without prior
FOUNDATION-DWELLING- Pontoon not written; Timber, Spaced block, Piers, Wheels -Refer
MORTGAGEE OTHER THAN BANK OR CREDIT UNION-Not written unless family member
MORTGAGEE PLACING COVERAGE
MUNICIPAL EXPOSURE- Treaty Exclusion-must be submitted for Special Acceptance
NON PAY PRIOR Risks that have been, or are in the process of being cancelled by
West Wawanosh or the previous Insurer for non – payment of premium
OFF GRID COMPLETELY-requires ESA approval to bind; Loss Control Inspection if written
OIL-14 gauge oil tank new business (not new-just clarifying)
OIL Risks without the current WW Oil Questionnaire fully completed and adhered to
OIL Risks heated by Fuel Oil that do not have a ‘ green ‘ heating system inspection tag
attached to the fill pipe. If no tag, a recent COHA Inspection report from a fuel oil
supplier must be produced showing that the tank and appliances "passed inspection".
PHOTOS Dwellings without at least one current photo (taken by the Broker) of the dwelling
and outbuildings – must be submitted with the application or e-mailed at same time
PLUMBING - Kitec by IPEX (word is on the line orange/blue) -not written;
due to expansion/compression fittings issue (different than PEX which is acceptable)
ROOF MOUNTED SOLAR - requires copy of ESA, Building Permit, Engineer report
RENTALS-Maximum on the policy=4 buildings and a maximum 6 rental units
STATE OF EMERGENCY Flood-no new of any kind, no adding WPE or increasing limit
VACANT Risks that are vacant - no intent to return
VACANT Risks that are vacant or unoccupied-intend to return-refer to company
3
BROKER TRANSFERS / LETTERS OF AUTHORIZATION
Broker transfers will only be permitted 60 days before or 30 days after the renewal date
(Midterm transfers are to be strongly discouraged!).
Broker transfers must be signed by all Named Insured’s. If written in the name of a Limited or
Incorporated Company, the request must be signed by a signing officer of the Company
Broker transfers will only be accepted if the Named Insured’s policy-the one being transferred

The existing policy number will not change – only the Broker of record and Broker number will be
changed. Exception- when Upload is available number will change if new broker uses this
PAC If the transferring policy is / was written on a monthly payment (PAC) basis, written confirmation from the broker must accompany the transfer notice, confirming that there is no
change to the current banking information on file.
If a change is required, a new authorization form signed by the Insured, and banking information (including a void cheque) will be required.

A fully completed renewal application will be required prior to the issuance of the first renewal of the 'transferred' policy. This requirement only applies to Farm and Commercial accounts.
No renewal application is required for 'transferred' Residential or Auto accounts.
MID TERM CANCELLATION AND RE-WRITING OF A POLICY FOR A DIFFERENT BROKER
This practice is to be strongly discouraged! Requires Company approval.
Short Rated Cancellation will apply

If approved, the current policy would have to be cancelled at the Insured’s request (short rate), require a new, fully completed, signed application, plus banking information etc, prior to issuance of the replacing policy.

The new application would only be acceptable if the Named Insured’s account was in good standing with the former broker who will be given 7 business days to confirm or obtain a rescinding letter if they choose to.
FLAT CANCELLATIONS only permitted within 30 days of inception (new business excepted)
Risks cancelled after 30 days from the inception will be calculated on a short rate basis.
These policies will not be eligible for PAC until they have completed two full terms as Broker Bill, or Direct Bill
MINIMUM RETAINED PREMIUM OF $25.00 applies. INSURED & ADDITIONAL INTEREST COPIES MUST
BE RETURNED FOR FLAT CANCELLATION.
CANCELLATIONS FOR NON PAYMENT: Policies cancelled by West Wawanosh for non payment will not
be reinstated or written new as PAC. Subject to a review of loss and payment history, company approval, outstanding balances paid and a new application, if approved the risk may be written as Broker Bill; or Direct
Bill if full broker issued payment is received along with Direct Bill application
4
MINIMUM POLICY PREMIUM
Residential ….. $100.00 Travel Trailer Floater $200 Endorsements ….. $5.00 or less waived (AP or RP) (Grandfathered)
FACULTATIVE: Full Facultative premiums will be applied on policies requiring Facultative insurance
When TIV exceeds $9M Farm Mutual Re charges for limit above which is Facultative
DEDUCTIBLES The premiums printed are based on a $500.00 deductible unless otherwise stated.
To amend the standard deductible, adjust the $500.00 deductible rate as follows:
250 deductible - Plus 20%
750 deductible - Less 10%
1,000 deductible - Less 17%
RISK SWITCHING FROM FARM TO RESIDENTIAL A new application is required for the new form of coverage when the switch takes place
RENEWALS:
Risks with Water Coverage losses-refer to that section for renewal guidelines.
OIL HEAT- A tank and installation inspection within the last 10 years, by an Oil Burner Technician, will be required. If not received 90 days prior to renewal, the Oil Tank & Installation Inspection Required charge will be applied until it is received.(See Personal & Farm Liability pages) Brokers will be notified of the renewals requiring this. Gauge-12 (2.5mm) or 14 (2mm) & Type-Single Wall, Double Wall required info for statistical purposes & must be provided by broker with the OBT inspection report.
Please Note: A complete inspection is different than the annual service. Please contact your underwriter if you require further information.
(New Business-continues to be subject to an OBT inspection within the last 10 years being submitted along with the current Oil Heat Questionnaire)
NOTE: Where an OBT has not been received and the inspection surcharge is on the policy:
Broker will be advised via a report that an OBT is still required
If no OBT is received; a Loss Control inspection will be required
If any issues or no inspection allowed, will be lapsed on renewal for failure to provide OBT
If a history of claims or a claims frequency exists, the Underwriter will review very closely. In addition to applying a claims surcharge, we will consider taking the following action: Increasing the deductibles without allowing a discount, delete coverage (or specific perils), or decline to offer renewal terms and lapse the policy as of renewal date.
Policies where warranties or restrictions have been applied: If the criteria has not been met prior to the next renewal or as specifically set down by the underwriter, certain perils may be eliminated, deductibles increased without credit or coverage lapsed on renewal.
5
DEFINITIONS
NOT INCLUDED AS “ DPS “
TYPES OF DETACHED PRIVATE STRUCTURES
BARN STRUCTURES ARE NOT ELIGIBLE AS A DPS-MUST BE SEPARATE ITEM This applies whether or not there is any agricultural use
See Limited Coverage M for Named Perils or Miscellaneous Floaters for Broad Form
MOBILE HOME
Mobile Homes have a specific label confirming that they are a mobile home
MODULAR HOME
Modular Homes contain a specific label confirming that they are a Modular home MODULAR UNIT
Is a single module or section, manufactured remotely.
MULTI-PLEX BUILDINGS
A multi unit building with a single legal address would be insured with one limit.
PARK MODEL
Unit designed for permanent parking in an RV park, has a label indicating park model
SINGLE PARK MODEL UNIT OR MODULAR UNITS: (See Page 12 for all other Qualifications) Plus Form, ARC, GRC, not available Broad Form-available if on permanent foundation or tied down & skirted on cement pad with permanent heat, 100 Amp Service and all updated within 25 years Standard-maximum allowed if only tied down and skirted; must have permanent heat Combined Limit-available on Broad Form only
We insure structures or buildings separated from the dwelling by a clear space, on your premises but not insured under Dwelling. If they are connected to the dwelling by a fence, utility line or similar connection only, they are considered to be detached structures.
This coverage does not apply to any building or structure that is currently being used in whole or in part for farming or any other commercial or "business" purposes.
Where the building has multiple units that each have a legal address ie) 62-64 Queen Street, each unit should be insured separately with a specific limit as 62 Queen Street, 63 Queen Street, 64 Queen Street.
Houses that are divided into multiple modules or sections, manufactured in a remote facility and delivered to site, assembled using cranes. Ie) Royal Home, Quality Home
A factory built housing unit that retains the ability to be moved. Fitted with a strong trailer frame, axles, wheels and tow hitches and a very low pitched roof.
Structures falling under this coverage would include GARDEN SHEDS, DETACHED GARAGES, GAZEBOS, POOL MAINTENANCE BUILDINGS & CHANGE ROOMS, PLAY HOUSES, HOBBY WORK SHOPS, WOOD SHEDS , AND SIMILAR TYPE BUILDINGS.
6
DISCOUNTS:
CLAIMS FREE (Residential Policy) A 20% discount will be allowed:
New Business-insured has been 100% claim free for 3 years with satisfactory evidence
Newly purchased location, recent WPE losses will be carefully reviewed for WPE eligibility
New Bus- Child with no prior claims history is eligible if parent is an existing eligible WW client
Renewals Remove if Liability claim; Remains if Equipment Breakdown claim (including systems) FIRST TIME HOME BUYER: A 10% discount will be allowed. Removed on 3rd renewal (4.0 Document)
GENERATOR DISCOUNT: A 10% discount will be allowed where the insured has a fully automatic stand alone generator capable of sustaining the building systems in all weather conditions, tested every 30 days with log records of the tests maintained and kept up to date
LOYALTY DISCOUNT-APPLICABLE TO RESIDENTIAL PACKAGE ITEMS ONLY Including all Packages-Primary, Seasonal, Secondary, Rental, Tenants, Mobile, Condo Excluding Limited, Floaters or Liability
5% After 1 year with West Wawanosh (2.0 document) (removed prior insurer) 8% After 5 years with West Wawanosh (not accumulative) (6.0 document)
10% After 10 years with West Wawanosh (not accumulative) (11.0 document) New Business: Child of existing WW client are eligible for 5% on new policy
MULTI POLICY (PROPERTY / AUTO) DISCOUNT-not ATV, Snowmobile or Commercial only Apply to Primary Residence including Condo, Tenants Pkg & Family Occupied Homeowners Where the Named Insured has both their auto and home or farm insurance with West Wawanosh, the property will receive a discount.
Includes Limited Coverage where it is the principal Residence.
NEWER HOME DISCOUNT (Applicable to all Homeowners policies; Not applicable to Condos or Builders Risks)
0 to 10 years old - a 10% discount will be allowed
11 to 15 years old - a 5% discount will be allowed
RENEWAL / LOYALTY / LONG TERM POLICYHOLDER FORGIVENESS For Policyholders who have been claims free with West Wawanosh Mutual for a minimum of 5 years–the first paid claim will be forgiven. Starts over every 5 year period
CALCULATING THE ELIGIBLITY OF CLAIMS FREE OR CLAIMS SURCHARGE: EXPENSES ONLY: Expenses only will be applied when calculating ( not rectroactive before July 1, 2020)
RESERVE ONLY: Reserves only, with no expenses or payments will not be applied to loss ratio
Tenants Package policies and Family occupied Homeowner policies are
also eligible where the occupant has his/her auto with West Wawanosh.
A 10% discount will be given to those policyholders who have installed an Alarm
system that is MONITORED BY A CENTRAL STATION. The name of the
system and the monitoring station is necessary to qualify. Applies to any
building with alarm
A 5% discount will be allowed for those policyholders who have installed an internal system with a siren or other warning device. Please provide the name of
the system. Applies to any building with alarm
A 10% discount will apply to all Homeowners (except for Secondary or Seasonal Homeowners), all Farmowners and all Mobile Homeowners Premiums.
7
SURCHARGES:
CLAIMS SURCHARGE: (Will not be applied the same year Claims Free Discount is removed)

FUEL OIL-LIABILITY SURCHARGE:
Renewals-A tank and installation inspection within the last 10 years by an
Oil Burner Technician will be required when requested. If not received 90 days prior to renewal, the Oil Tank & Installation Inspection Required charge will be applied until the inspection is received. (See Personal & Farm Liability pages). Brokers will be notified of the policies requiring this. Tenants Package -Surchage applies, OBT Inspection not requested
WOOD, GRAIN OR PELLET STOVES & WOOD BURNING FIREPLACES (SOLID FUEL)
$50 Surcharge will be applied to each premium where any of the above noted Auxiliary heat systems are used, except Mobile Homes where a $125 surcharge applies
The surcharge will be applied per building.
This charge will not apply to risks that are heated solely by wood stoves. Those risks will require individual underwriting and rating. There is no charge for wood furnaces or outdoor wood furnaces. This surcharge is not applicable to Seasonal Homeowners.
CLARIFICATION: PRIMARY HEAT IS SOLID FUEL - THERE IS NO SURCHARGE AUXILIARY HEAT IS SOLID FUEL - SURCHARGE ON ALL BUT SEASONAL RESIDENCES SOLID FUEL SURCHARGE DOES NOT APPLY TO ANY INDOOR FURNACES
OUTDOOR FURNACES OR COMBINATION WOOD/OIL FURNACES
We will not insure ANY risk that has an underground or buried fuel oil storage
tank. Furthermore, we will not insure any risk that does not have a ‘ green ‘
inspection tag attached to the fill pipe --- if there is no inspection tag attached,
a recent ‘ Inspection report ‘ from a fuel oil supplier must be produced.
A 15% surcharge will be applied to any policy that has 3 or more losses in the last 4 yrs and has a 4 year loss ratio in excess of 60%, and not exceeding 74%.
A 20% surcharge will be applied to any policy that has 3 or more losses in the last 4 years and has a 4 year LR in excess of 74%, and not exceeding 99%.
A 25% surcharge will be applied to any policy that has 3 or more losses in the last 4 yrs. and has a 4 yr. LR in excess of 99% (if renewal terms are going to be offered at all).
A $54 Liability surcharge will be added to all policies that have a fuel oil storage tank on the insured premises. Surcharge increases with increased limit factors.
8
FIRE PROTECTION GRADES
GRADE 1
GRADE 2
GRADE 2A Applicable to all risks located East of the 400 Highway (up to Waubaushene) and all risks located North and East of Waubaushene and over 16.0 Km (10 miles) of a responding fire hall that is operational year round and accessible by roads that are maintained year round – and not exceeding 32.0 Km. (20 miles). (The key is > 16Km < 32Km in this area)
OTHER: For risks outside of the Grade 2 / 2A limitation or on islands, **see P Postal too use Grade 2A premiums + 50%
GTA FACTOR: Add 40% M All postal codes beginning with the letter M
25% L All postal codes beginning with (Brampton, Mississauga, Woodbridge, Maple, Concord Thornhill, Richmond Hill, Markham) L3P L4B L5A L6A L7A L3R L4C L5B L6B L3S L4E L5C L6C L3T L4H L5E L6E
L4J L5G L6G L4K L5H L6R L4L L5J L6S L4S L5K L6T L4T L5L L6V L4V L5M L6W L4W L5N L6X L4X L5P L6Y L4Y L5R L6Z L4Z L5S
L5T L5V L5W
P Postal Code Factor add: 5% P All Postal codes beginning with the letter P
**plus add to "Other" Fire Protection Surcharge if applicable too TERRITORIAL BOUNDARIES FOR WRITING BUSINESS
Province of Ontario - Primarily to encourage ability to write all of an existing client's business and their family
All risks within 305M (1,000 feet) of an approved / operational
All risks within 3.2 Km. (2 miles) of a responding fire hall that is operational year round, and accessible by roads that are maintained year round.
All risks within 32.0 Km. (20 miles) of a responding fire hall that is operational year round, and accessible by roads that are maintained year round (except for risks falling into Grade 2A–over 16.0Km/10 miles).
9
e2V/ezITV, POWER WORKS, MARSHALL & SWIFT/BOECKH RESIDENTIAL(RCT) EVALUATIONS
GUARANTEED REBUILDING COST ENDORSEMENT ED-0050 (AVAILABLE ON “PLUS” & “BROAD FORM” HOMEOWNER POLICIES ONLY)
ELIGIBILITY: 1 Total Insured Value including Dwelling, Detached Private Structure, Unscheduled Personal Property,
Additional Living Expenses plus any other structure or property within 80' plus 50% of dwelling limit is capped at $6,000,000 to be eligible for GRC If above $6,000,000 TIV refer to Additional Rebuilding Cost Endorsement for eligiblity
2 Dwelling must be single family, owner occupied, fully detached, and have the following: Built in its entirety since 1979. The dwelling must also qualify for, or be insured on a “ PLUS “ or "BROAD FORM" with updates: Copper wiring;copper/ABS plumbing-no cast or galvanized; Heat update year as per form insured Roof must be 20 years or less Plus Form; or 25 years or less Broad Form;Wood/Older Steel= refer - up to one apartment dwelling unit in the owner occupied dwelling is permitted.
3 A Company approved Home Evaluation worksheet (using current multipliers and trend factors) must be fully completed and submitted with the application / request for this coverage to be added. A current photograph taken by the broker must also accompany the application / request. High Value Home Inspection required & limit met to be eligible if over $1,000,000 Dwelling limit
4 The “ limit of liability “ on the dwelling must be for an amount not less than 100% of the current Rebuilding Cost of the building, as determined by one of the Company approved evaluation guide / estimators, PLUS 5% for Debris Removal.
5 This endorsement is intended for dwellings that use “Standard” construction features. Homes built of field, or solid stone, logs, or straw, or any other unique building materials or unique design, or homes that are built into the side of a hill, or on stilts over water or a a swamp, etc., do not qualify. Dwellings that contain indoor pools do not qualify, unless an Evaluation is completed by the company currently used by West Wawanosh for High Value Homes
6 The "Guaranteed Rebuilding Cost" endorsement coverage is not automatically added, it must be specifically requested by the Broker.
7 An updated evaluation is required on new business and on new requests + every 5 years afterwards.
8 Risks with a Roof Mounted Solar Installation are not eligible
THE INSURED AGREES TO: 1 Insure the Dwelling to 100% of its replacement cost, as determined by one of the
Company approved residential evaluation worksheets. No increments will be allowed; must increase to 100% or lose GRC, ARC, Combined Limit coverage
2 Accept an annual adjustment of the Dwelling limit in accordance with the annual rate of inflation 3 Notify us immediately of any additions, extensions or improvements that would increase
the estimated replacement cost of the dwelling by 5% or more.
Premium: $25.00 Prior to discounts
OPTIONAL COVERAGE, THEREFORE MUST BE REQUESTED
Must be submitted on ALL new business. The Company reserves the right to inspect and re- calculate the replacement value. If value differs substantially, values will be adjusted based on the Company calculations, but only after discussion with the Broker.
This endorsement provides coverage on the dwelling, for the perils insured against, up to the actual cost of repairing, rebuilding or replacing of the dwelling structure ( on the same site ) with materials of like kind and quality, using current construction standards and styles, even if the actual cost exceeds the limit shown on the policy declaration page.
10
ADDITIONAL REBUILDING COST ENDORSEMENT ED-0040 (AVAILABLE ON “PLUS" & “BROAD FORM" HOMEOWNER POLICIES ONLY )
ELIGIBILITY: 1. All of the criteria that applies to the “GRC” (other than age) also applies for the
Additional Rebuilding Clause. Copper wiring;copper/ABS plumbing-no cast or galvanized; Heat update year as per form insured Roof must be 20 years or less Plus Form;or 25 years or less Broad Form;Wood/Older steel= refer
2. The cover can be added to dwellings written on, or qualifying for, “PLUS” or BROAD” form coverage, if built from 1929-1979, is well maintained and the building services and roof have been fully updated.
This endorsement increases the amount of insurance applicable to the dwelling. Up to 125% of the dwelling limit (shown on the declaration page) is available for the cost of repairing, rebuilding or replacing of the dwelling structure (on the same site) with materials of like kind and quality, using current construction standards and styles.
Premium $15.00 Prior to discounts
OPTIONAL COVERAGE, THEREFORE MUST BE REQUESTED
COMBINED LIMIT ENDORSEMENT – WW-ED-0005-0707 This endorsement allows the insured to combine the amounts of insurance shown under the “Dwelling”, “Detached Private Structures”, “Unscheduled Personal Property” and “Additional Living Expense” coverage’s of their Homeowners/Farmowners package policies and apply the total amount to any insured loss. Risks with more than one apartment are not eligible High Value Home Inspection required & limit met to be eligible if over $1,000,000 Dwelling limit Must insure to 100% per guidelines or coverage will be removed; no increments allowed
NOTE: COVERAGE CAN ONLY BE ADDED TO A POLICY WRITTEN ON A "GUARANTEED OR ADDITIONAL REBUILDING COST ENDORSEMENT" BASIS AT NO ADDITIONAL COST.
COVERAGE CAN BE ADDED TO RISKS WITHOUT GRC OR ARC SUBJECT TO 100% INSURANCE TO REPLACEMENT COST VALUE AND AN ADDITIONAL COST OF 10%. NOT AVAILABLE ON STANDARD OR LIMITED FORMS.
EVALUATIONS- REQUIRED EVERY 5 YEARS ON RISKS WITH ARC OR COMBINED LIMIT.
REPLACEMENT COST VS NEW CONSTRUCTION-EVALUATION/COST GUIDE
Please be aware that Replacement Cost should factor in the following variables and may increase the "Replacement Cost" in comparison to the "New Construction" cost.
Debris Removal & Demolition costs need to be added
availability of materials when needed in a hurry compared to shopping around
Site Preparation-cleaned, soil contamination
Inflation
Labour costs due to accessibility (ie-new may have been unobstructed)
Building Code Changes
Undamaged parts that may need to be tarped or protected
11
HOMEOWNERS/FARMOWNERS- QUALIFICATIONS Plus Form Broad Form Standard
Owner occupied: - no more than 1 apt. YES YES YES - no more than 2 apts. NO YES YES
Insurance to Full Replacement Value 100% 80% 80%
YES YES YES
Hydro service - 100 amp service YES YES YES - 60 amp service NO NO NO
YES YES YES
YES YES NO
Dwelling Evaluation required YES YES YES -on all new business (broker evaluation) -every 5 years if GRC, ARC or Combined Limit; or if >$1,000,000 WW assigns eval/inspector
-every 10 years on all others (broker evaluation)
Dwelling in good state of repair YES YES YES
Modular Home (ie. Quality, Royal) YES YES YES
Modular Unit or Park Model Unit SEE PAGE 6
Permanent Foundation YES YES YES
Foundation-Piers, Timber, Blocks spaced out, Wheels NO NO REFER Tied Down & Skirted NO NO YES
Satisfactory claims experience YES YES YES
Premises not more than 10 acres YES YES YES
No more than 3 head of livestock (owned or not) YES YES YES
No farming by insured or others; no farm land rented YES YES YES
No owned farm machinery YES YES YES
Homeowner allowed when occupied by immediate family member where we do not write the principal. Full Liability premium charge. Designated Premises ELI-0745 would apply to the owner and an Additional Insured charge would apply to the family member who would have full liability
NOTE: Dwelling occupied by immediate family members ie) son, daughter, parents may be written as a homeowners package if primary homeowner currently with WW. If at school, maximum 2 roommates and Standard Homeowners Only. Refer to Underwriting for other situations.
Permanently Installed Heating Source capable of preventing Freezing inside the home ( ie) fireplaces and wood stoves acceptable)
Knob & Tube or Aluminum-electrician’s letter or ESA to confirm acceptable for use/occupancy Off Grid-no binding without ESA approval Age of dwelling - or no Galvanized Pressure lines; no Cast or Copper Drains & Age of
Roof years are <=. Refer to Company if
Steel roof age > or any Wood roof cover.
ALL New business Galvanized-max is Standard;
Plumbing-Kitec-not acceptable
12
PLUS FORM BROAD FORM STANDARD
a) Dwelling Building All Risks All Risks Named Perils All Risks includes water from the accumulation of ice or snow on the roof
b) Detached Private Structures (10% of A) All Risks All Risks Named Perils (per definition page 6, No current
Agricultural or Commercial use)
c) Personal Property (70% of A) All Risks Named Perils Named Perils
(including water
the roof)
d) Additional Living Expense (20% of A) All Risks All Risks Named Perils including Fair Rental Income capped at 2%;add/rate for additional limit
e) Personal Liability Not Incl. Not Incl. Not Incl.
f) Replacement Cost – Personal Property Included Included Included
g) T.V. Antenna/Dish Floater $1,000 $1,000 $1,000
h) Credit Card $5,000 $5,000 $5,000
i) Food Freezer $3,000 $1,000 $1,000
j) Power Fluctuation Included Building- Included Contents
$2500
$2,500
k) Water Protection Endorsement OR Sewer, Septic Sump Backup* (Subject to a $1000 min. deductible, *Choose where not eligible due to 100' distance to otherwise reflects policy deductible) water- exclusion in the WPE wording
l) See Policy Wording
EO-0795 adds All Risk to Broad & Standard Forms Special limits
m) Mass Evacuation- Two Weeks $2,000 $2,000 $2,000
n) 1st Party Pollution $5,000 $5,000 $5,000
o) Identity Fraud-$100/Day $500 Max Total $10,000 $5,000 $5,000 (policy wording)
p) Combined Limit Endorsement Available Available Not Available -If no more than one apartment
q) By-Laws $10,000 Included Policy wording Coverage CC Cover CC
HOMEOWNERS’ / FARMOWNERS’ PACKAGE COMPARISON
Form is all risk, see special limits)
$1,000/MAX PER ITEM & POLICY
DEDUCTIBLE
Included but must add Flat $150 to base premium No discounts of any kind
13
HOMEOWNERS/FARMOWNERS PREMIUM TABLES PREFERRED GRADE 1
$500 DEDUCTIBLE $500 DEDUCTIBLE PLUS BROAD STANDARD PLUS BROAD STANDARD
LIMITS FORM FORM FORM FORM 100,000 338 302 343 344 320 378 125,000 390 352 395 397 372 435 150,000 447 407 454 456 429 498 175,000 502 470 547 512 485 591 200,000 561 539 639 573 548 683 225,000 627 602 732 641 612 776 250,000 699 672 824 714 684 868 300,000 859 822 1,009 874 834 1,053 350,000 1,019 972 1,194 1,034 984 1,238 400,000 1,179 1,122 1,379 1,194 1,134 1,423 450,000 1,339 1,272 1,564 1,354 1,284 1,608 500,000 1,499 1,422 1,749 1,514 1,434 1,793 550,000 1,659 1,572 1,934 1,674 1,584 1,978 600,000 1,819 1,722 2,119 1,834 1,734 2,163 650,000 1,979 1,872 2,304 1,994 1,884 2,348 700,000 2,139 2,022 2,489 2,154 2,034 2,533 750,000 2,299 2,172 2,674 2,314 2,184 2,718 800,000 2,459 2,322 2,859 2,474 2,334 2,903 850,000 2,619 2,472 3,044 2,634 2,484 3,088 900,000 2,779 2,622 3,229 2,794 2,634 3,273 950,000 2,939 2,772 3,414 2,954 2,784 3,458
1,000,000 3,339 3,147 3,877 3,354 3,159 3,921
DWELLING LIMIT OVER 1,000,000 REFER TO COMPANY
CONTENTS/OUTBUILDINGS OVER BASIC AMOUNT: EACH $1,000
ADD: $2.75 $2.75 $2.75 $2.75 $2.75 $2.75
WOODSTOVES/WOOD BURNING FIREPLACES: $50
Fuel Oil Liability Surcharge: $54.00 $75.00
Apartment(s) in the dwelling surcharge: One ADD 10% to applicable rate; Two Add 15%
**SEE HOMEOWNERS/FARMOWNERS QUALIFICATIONS + ADD OR EXTEND FOR ADDITIONAL LIABILITY EXPSOURES
WATER PROTECTION ENDORSEMENT WW-1020 OR *4S SEWER,SEPTIC, SUMP BACKUP Minimum $1,000 Deductible, no discounts; Otherwise, reflects policy deductible with no discounts No Discounts of any kind ADDED TO PACKAGE PREMIUM ABOVE AFTER ALL DISCOUNTS CALCULATED $150.00 *4S IS AVAILABLE IF NOT ELIGIBLE FOR WATER PROTECTION DUE TO 100' DISTANCE TO WATER EXCLUSION IN THE WATER PROTECTION WORDING
14
HOMEOWNERS/FARMOWNERS PREMIUM TABLES GRADE 2 GRADE 2A
LIMITS FORM FORM FORM FORM 100,000 462 410 474 542 481 555 125,000 528 473 543 618 553 634 150,000 604 544 620 706 636 723 175,000 689 625 723 803 729 846 200,000 781 712 825 909 830 968 225,000 869 794 928 1,011 923 1,091 250,000 968 883 1,030 1,124 1,027 1,213 300,000 1,163 1,068 1,235 1,339 1,232 1,458 350,000 1,358 1,253 1,440 1,554 1,437 1,703 400,000 1,553 1,438 1,645 1,769 1,642 1,948 450,000 1,748 1,623 1,850 1,984 1,847 2,193 500,000 1,943 1,808 2,055 2,199 2,052 2,438 550,000 2,138 1,993 2,260 2,414 2,257 2,683 600,000 2,333 2,178 2,465 2,629 2,462 2,928 650,000 2,528 2,363 2,670 2,844 2,667 3,173 700,000 2,723 2,548 2,875 3,059 2,872 3,418 750,000 2,918 2,733 3,080 3,274 3,077 3,663 800,000 3,113 2,918 3,285 3,489 3,282 3,908 850,000 3,308 3,103 3,490 3,704 3,487 4,153 900,000 3,503 3,288 3,695 3,919 3,692 4,398 950,000 3,698 3,473 3,900 4,134 3,897 4,643
1,000,000 4,186 3,936 4,413 4,672 4,410 5,256
ADD: $2.75 $2.75 $2.75 $3.10 $3.10 $3.10
WOODSTOVES/WOOD BURNING FIREPLACES: $50
Fuel Oil Liability Surcharge: $54.00 $75.00
Apartment(s) in the dwelling surcharge: One ADD 10% to applicable rate; Two Add 15%
**SEE HOMEOWNERS/FARMOWNERS QUALIFICATIONS + ADD OR EXTEND FOR ADDITIONAL LIABILITY EXPSOURES
WATER PROTECTION ENDORSEMENT WW-1020 OR *4S SEWER,SEPTIC, SUMP BACKUP Minimum $1,000 Deductible, no discounts; Otherwise, reflects policy deductible with no discounts
No Discounts of any kind
ADDED TO PACKAGE PREMIUM ABOVE AFTER ALL DISCOUNTS CALCULATED *4S IS AVAILABLE IF NOT ELIGIBLE FOR WATER PROTECTION DUE TO 100' DISTANCE $150.00 TO WATER EXCLUSION IN THE WATER PROTECTION WORDING
15
MOBILE HOMEOWNERS/FARMOWNERS
tied down and skirted
a single family, owner occupied (as the principal residence) mobile home.
must be in a good state of repair, including the roof (and awning – if any).
must not be more than 25 years old at time of acceptance / binding.
must be heated by either permanent electric baseboard or a ‘ central ‘ forced air heating
system, fueled by natural gas or propane gas only – no fuel oil !
Auxiliary wood stove-must be certified for Mobile Home use.
In addition to the above:
Current photographs must accompany all new applications. Any application received without
a photo will be returned immediately – please note, coverage can not be bound without a
photo taken by the broker (If this is not possible, because of the time of year please contact your underwriter).
travel trailers are not permitted
Note: Basis of Claim Payment – Actual Cash Value only – Option A is excluded on Dwellings and
Detached Private Structures.
MOBILE HOMEOWNERS / FARMOWNERS COVERAGE
b) Detached Private Structures (10% of A) Named Perils
c) Personal Property (70% of A) Named Perils
d) Additional Living (20% of A) Included Fair Rental income capped at 2%; add/rate for higher limit
e) Personal Liability Not Included
f) Replacement Cost – Personal Property Included
g) T.V. Antenna/Dish Floater $1,000
h) Credit Card Coverage $5,000
i) Food Freezer Coverage $1,000
j) Power Fluctuation $2,500
k) Personal Articles ie Jewellery $3,000 Adds Q Coverage EO-0795 All Risks $1,000 max any one item; deductible applies
l) Identity Fraud - $100/Day $500 Maximum Total $5,000
m) Deductible $500
$500 DEDUCTIBLE
LIMITS PREFERRED GRADE 1 GRADE 2 GRADE 2A
20,000 268 280 362 417 30,000 295 310 399 459 40,000 326 341 440 506 50,000 359 376 485 559 60,000 396 415 536 615 70,000 437 457 590 678 80,000 473 493 630 726 90,000 508 528 670 773
100,000 544 564 710 821 150,000 721 741 910 1058 200,000 899 919 1110 1296 250,000 1076 1096 1310 1533 300,000 1254 1274 1510 1771 350,000 1431 1451 1710 2008 400,000 1609 1629 1910 2246 450,000 1786 1806 2110 2483 500,000 1964 1984 2310 2721
EACH ADDITIONAL $1,000 over $70,000 ADD: $3.55 $3.55 $4.00 $4.75
CONTENTS/OUTBUILDINGS OVER BASIC AMOUNT: EACH $1000 ADD: $2.65 $2.65 $2.65 $3.05
LIABILITY: 1,000,000 2,000,000
$76.00 $103.00 ADD: WOODSTOVES/WOOD BURNING FIREPLACES $125.00 MUST BE CERTIFIED FOR MOBILE HOME USE
For risks outside of the Grade 2A limitation or islands – use Grade 2A premiums + 50% {Subject to a minimum loading of $ 150.00}
Note: Seasonal use - go to Seasonal Homeowners
MOBILE HOMEOWNERS/FARMOWNERS PREMIUM TABLE
BLANK PAGE
SECONDARY HOMEOWNERS/FARMOWNERS
SECONDARY COVERAGE
This coverage is designed to apply where the insured basically has two year round dwellings and spends approximately the same amount of time at each location. The location, to which the insured’s mail is sent, will be considered as the principal residence and the other dwelling will qualify for a secondary homeowners package. Can be written without the principal residence (when the Principal residence is located outside of our territorial boundaries), however, it is preferable for the two properties to be insured by the same Insurer.
Wood stove or wood burning fireplaces $50.00 surcharge
Fuel Oil Liability surcharge. $54.00 surcharge $1M or $75 for $2M
Not eligible for the Property / Auto discount
Qualifications: See the existing qualifications for “Plus”, “Broad” and “Standard” Homeowners and “Guaranteed or Additional Rebuilding Cost" endorsement.
1. Owner occupied, single family, winterized dwelling on a fully enclosed permanent foundation, with permanently installed heating source capable of preventing freezing inside the home. Ie) fireplaces and wood stoves acceptable.
2. Park Models (over 36 feet in length)or Park/Modular Units must be tied down on a concrete pad* & skirted. Not eligible for 'ARC or 'GRC'. See page 6 for "unit" criteria. *Concrete pad is not required if unit is no more than 15 years old when written
3. This coverage does not apply to mobile homes.
4. The dwelling must be accessible by car and used year round, with no more than a 60 day period without occupancy.
5. The dwelling must not be used as a rental property.See separate section on renting out
6. Building must be insured to 90% of its estimated replacement value
(100% if written with the "Guaranteed or Additional Rebuilding Cost" endorsement).
7. Minimum Building value for the "Plus" form coverage is $150,000.
RATING: that section
"Designated Premises" Liability only for residents of the USA, out of province or in a company name with "Secondary" property in Ontario; or where we do not write the Principal Residence
Limit: $1M $3M $4M $5M $8M Premium: $71 $97 $127 $142 $157 $217
For applicable fire protection grades - refer to
20
SECONDARY HOMEOWNERS/FARMOWNERS COMPARISON
PLUS FORM BROAD FORM STANDARD
a) Dwelling Building All Risks All Risks Named Perils (including water
from the
accumulation of
the roof)
b) Detached Private Structures (10% of A) All Risks All Risks Named Perils
c) Personal Property (70% of A) All Risks Named Perils Named Perils (including water
from the
accumulation of
ice or snow on
the roof) d) Additional Living Expense (20% of A) Included Included Included
Fair Rental Income capped at 2%; Add/Rate for higher limits
e) Personal Liability Not Included Not Included Not Included
Replacement Cost – Personal Property Included Included Included
g) Guaranteed or Additional Rebuilding Cost -DwellingAvailable Available Not Available
h) TV Antenna/Dish Floater $1,000 $1,000 $1,000
i) Credit Card $5,000 $5,000 $5,000
j) Water Protection Endorsement OR Sewer, Septic, Sump Backup* (Subject to a $1000 min. deductible, *Choose where not eligible due to 100' distance to otherwise reflects policy deductible) water exclusion in the WPE wording
k) Power Fluctuation Included Building- Included Contents
$2500
$2,500.00
ADDITIONAL COVERAGES-SEE FLOATER SECTION FOR APPLICABLE RATES
"Designated Premises" Liability only for residents of the USA, out of province or in a company name with "Secondary" property in Ontario; or where we do not write the Principal Residence
Limit: $1M $2M $3M $4M $5M $8M Premium: $71 $97 $127 $142 $157 $217
Included must add Flat $150 to base premium No discounts of any kind
21
SECONDARY HOMEOWNERS PREMIUM TABLES PREFERRED GRADE 1
LIMITS FORM FORM FORM FORM FORM FORM 100,000 315 365 344 396 125,000 366 420 399 455 150,000 474 424 483 515 461 521 175,000 546 489 576 592 531 614 200,000 624 560 668 673 606 706 225,000 696 626 761 739 666 799 250,000 776 698 853 811 730 891 300,000 949 858 1,038 984 890 1,076 350,000 1,121 1,018 1,223 1,156 1,050 1,261 400,000 1,294 1,178 1,408 1,329 1,210 1,446 450,000 1,466 1,338 1,593 1,501 1,370 1,631 500,000 1,639 1,498 1,778 1,674 1,530 1,816 550,000 1,811 1,658 1,963 1,846 1,690 2,001 600,000 1,984 1,818 2,148 2,019 1,850 2,186 650,000 2,156 1,978 2,333 2,191 2,010 2,371 700,000 2,329 2,138 2,518 2,364 2,170 2,556 750,000 2,501 2,298 2,703 2,536 2,330 2,741 800,000 2,674 2,458 2,888 2,709 2,490 2,926 850,000 2,846 2,618 3,073 2,881 2,650 3,111 900,000 3,019 2,778 3,258 3,054 2,810 3,296 950,000 3,191 2,938 3,443 3,226 2,970 3,481
1,000,000 3,622 3,338 3,906 3,657 3,370 3,944
ADD: $2.75 $2.75 $2.75 $2.75 $2.75 $2.75
WOODSTOVES/WOOD BURNING FIREPLACES $50.00
LIABILITY: 1,000,000 2,000,000 Designated Premises Liability only where insured
$76.00 $103.00 lives out of province or we do not write the
write the Principal Residence $1M=$71 $2M=97
Fuel Oil Liability Surcharge Add: $54.00 $75.00 Excess on Designated-See prior page
Apartment(s) in the dwelling surcharge: One Apartment-add 10%; Two Apartments-add 15%
**SEE HOMEOWNERS/FARMOWNERS QUALIFICATIONS & ADD OR EXTEND FOR ADDITIONAL LIABILITY EXPOSURES
22
SECONDARY HOMEOWNERS PREMIUM TABLES GRADE 2 GRADE 2A
LIMITS FORM FORM FORM FORM FORM FORM 100,000 403 471 475 553 125,000 465 541 546 632 150,000 597 537 617 697 627 721 175,000 685 616 710 799 719 814 200,000 784 707 802 914 823 906 225,000 897 809 895 1,043 941 999 250,000 1,025 925 987 1,190 1,074 1,091 300,000 1,198 1,085 1,172 1,363 1,234 1,276 350,000 1,370 1,245 1,357 1,535 1,394 1,461 400,000 1,543 1,405 1,542 1,708 1,554 1,646 450,000 1,715 1,565 1,727 1,880 1,714 1,831 500,000 1,888 1,725 1,912 2,053 1,874 2,016 550,000 2,060 1,885 2,097 2,225 2,034 2,201 600,000 2,233 2,045 2,282 2,398 2,194 2,386 650,000 2,405 2,205 2,467 2,570 2,354 2,571 700,000 2,578 2,365 2,652 2,743 2,514 2,756 750,000 2,750 2,525 2,837 2,915 2,674 2,941 800,000 2,923 2,685 3,022 3,088 2,834 3,126 850,000 3,095 2,845 3,207 3,260 2,994 3,311 900,000 3,268 3,005 3,392 3,433 3,154 3,496 950,000 3,440 3,165 3,577 3,605 3,314 3,681
1,000,000 3,871 3,565 4,040 4,036 3,714 4,144
ADD: $2.75 $2.75 $2.75 $3.10 $3.10 $3.10
WOODSTOVES/ WOOD BURNING FIREPLACES $50.00
LIABILITY: 1,000,000 2,000,000 Designated Premises Liability only where insured
$76.00 $103.00 lives out of province or we do not write the
write the Principal Residence $1M=$71 $2M=97
Fuel Oil Liability Surcharge Add: $54.00 $75.00 Excess on Designated-See prior page
Apartment(s) in the dwelling surcharge: One Apartment-add 10%; Two Apartments-add 15%
**SEE HOMEOWNERS/FARMOWNERS QUALIFICATIONS & ADD OR EXTEND FOR ADDITIONAL LIABILITY EXPOSURES
23
SEASONAL HOMEOWNERS
NOTE: This policy can be written on a “stand-alone” basis. Subject to 80% Co-Insurance
QUALIFICATIONS FOR STANDARD AND/ OR BROAD FORM COVERAGE
Single family, owner occupied and stationary (immobilized).
If multiple owners, we will write if they are all related-confirmation required on application
Park Models ( over 36 feet in length ) and Modular Homes
Mobiles that qualify for Mobile HO but are used seasonally, qualify for “Standard form”
only. NOTE: Basis of Claim Payment – ACV only (Option A is excluded).
Well maintained and in good physical condition.
Must be inspected by the broker and / or current photographs submitted with application. (If this is not possible, because of the time of year – they must be submitted prior to the first renewal).
Seasonal can be used as a rental property for up to eight (8) weeks per year.
Not more than two ( 2 ) Seasonal Homeowner policies permitted (With West Wawanosh).
Premiums / rates allow for auxiliary heating.
IF BROAD FORM REQUIRED must also:
be not older than 25 years old, or completely updated within the last 25 years
be heated by a permanently installed heat source capable of preventing freezing inside
the home
be on a permanent foundation & fully enclosed
IF BROAD FORM REQUIRED and the building is a ‘Park Model ‘(over 36 ft.) or a “Modular Unit” it must:
not be older than 15 years old
be heated by a permanently installed heat source capable of preventing freezing inside
the home
be tied down on a concrete pad* & skirted.
*Concrete pad is not required is unit is no more than 15 years old when written
COVERAGE Broad Form Standard a) Dwelling Building All Risks Named Perils b) Detached Private Structures (10% of A) Named Perils Named Perils c) Personal Property (50% of A) Named Perils Named Perils
Replacement Cost on Contents Included Included d) Additional Living Expense Not Available Not Available e) Fair Rental Value in wording Limit Must be Added/Rated Limit-Add/Rate f) Personal Liability Not Included Not Included g) Power Fluctuation Building-Included $2,500
Contents-$2,500 h) All Risks Boat Coverage(Subject to policy deductible) $1,500 $1,500
Does not apply to personal watercraft
i) Minimum Deductible $500 $500
NOTE: 1) No “Guaranteed or Additional Rebuilding Cost” endorsement permitted on the Dwelling,
exception: Broad Form Seasonal Dwellings valued $150,000 up; excluding Park Models
and Modular Homes; Subject to u/w guidelines and 100% of current Replacement Cost 2) No Additional Living Expense coverage provided. 3) Additional coverages apply as per policy wording.
24
SEASONAL HOMEOWNERS PREMIUM TABLES
BROAD STANDARD BROAD STANDARD BROAD STANDARD LIMITS FORM FORM FORM FORM FORM FORM
70,000 361 334 579 505 661 576 75,000 379 355 612 533 699 608
100,000 485 481 793 700 908 800 125,000 623 633 958 905 1,098 1,036 150,000 805 836 1,160 1,172 1,329 1,343 200,000 1,060 1,091 1,518 1,530 1,737 1,751 250,000 1,315 1,346 1,875 1,887 2,144 2,158 300,000 1,570 1,601 2,233 2,245 2,552 2,566 350,000 1,825 1,856 2,590 2,602 2,959 2,973 400,000 2,080 2,111 2,948 2,960 3,367 3,381 450,000 2,335 2,366 3,305 3,317 3,774 3,788 500,000 2,590 2,621 3,663 3,675 4,182 4,196 550,000 2,845 2,876 4,020 4,032 4,589 4,603 600,000 3,100 3,131 4,378 4,390 4,997 5,011 650,000 3,355 3,386 4,735 4,747 5,404 5,418 700,000 3,610 3,641 5,093 5,105 5,812 5,826 750,000 3,865 3,896 5,450 5,462 6,219 6,233 800,000 4,120 4,151 5,808 5,820 6,627 6,641 850,000 4,375 4,406 6,165 6,177 7,034 7,048 900,000 4,630 4,661 6,523 6,535 7,442 7,456 950,000 4,885 4,916 6,880 6,892 7,849 7,863
1,000,000 5,574 5,605 7,845 7,857 8,949 8,963
CONTENTS/OUTBUILDINGS OVER BASIC AMOUNT: EACH $1000 ADD: $4.90 $4.90 $4.90 $4.90 $6.25 $6.25
To Add Legal Liability with limits of $ 1,000,000 ADD: $76.00 Fuel Oil-Liability Surcharge ADD: $54.00 To Add “ Designated Premises “ Liability only ADD: $71.00 $1M for residents of the USA, out of province or in a $97.00 $2M company name with "Seasonal" property in Ontario $127.00 $3M or where we do not write the Principal Residence $157.00 $5M
$217.00 $8M INCLUDED COVERAGES:
Glass Accidental Breakage-No Charge on Broad Form; Automatic on Standard but ADD: $18.00
Replacement Cost – Personal Property-Not required DELETE: $32.00 (Replacement Cost-Personal Property will otherwise be automatically included on all new & renewals)
OPTIONAL COVERAGES:
T.V. Antenna/Satellite Dish - $500 deductible $16.80 / $1,000
WATER PROTECTION ENDORSEMENT WW-1020 OR *4S SEWER,SEPTIC, SUMP BACKUP Minimum $1,000 Deductible, no discounts; Otherwise, reflects policy deductible with no discounts No Discounts of any kind ADD: $150.00 *4S IS AVAILABLE IF NOT ELIGIBLE FOR WATER PROTECTION DUE TO 100' DISTANCE TO WATER EXCLUSION IN THE WATER PROTECTION WORDING
GRADE 2A $500 DEDUCTIBLE
GRADE 1 $500 DEDUCTIBLE
GRADE 2 $500 DEDUCTIBLE
RENTAL DWELLING - No Stand Alone New Business-will grandfather existing policies
Rental dwellings not to be written without the principal residence
QUALIFICATIONS: SAME AS HOMEOWNERS TO BE ELIGIBLE FOR PACKAGES MAXIMUM: ALL RENTALS ON POLICY = 4 BUILDINGS & MAXIMUM 6 RENTAL UNITS
(Refer to Commercial if maximum is exceeded) VACANT: Not Eligble - refer to Limited Coverage Section
Moved out,no intention to return regardless of furnishings (wording defines) If still used by family member, determine if eligible for ie) Seasonal
RENTAL DWELLING LIMITED COVERAGES: 3L DWELLINGS 3M DETACHED PRIVATE STRUCTURES & 3N LANDLORD'S PROPERTY
Base Rate includes loading/$1,000 $500 Deductible LIMITED Fire Protection 3L/M/N
Grade 1 $2.70
Grade 2 $3.40
Grade 2A $3.75
PACKAGE COVERAGES FOR LONG TERM, SINGLE FAMILY TENANTS, TWO OPTIONS - ADD: Packages Include Vandalism & Theft; 10% Detached Private Structure; Annual Inflation
Rental Dwelling Package WW-0801 ADD: $1.20 (Named Perils on A-Dwelling, B- DPS and C- Landlord's Property) OR: Rental Dwelling Package WW-0802 Broad Form- Dwelling, DPS OR LPP Rate ADD: $1.73 (All Risk on A- Dwelling & B-DPS; Named Perils on C-Landlord's Personal Property)
Rental Income - Full limit must be added and rated (add ELI-0025 for non Pkg) Rate/$1,000 $2.70
Miscellaneous Coverage if required add to these forms: (not available if vacant) Packages
3N Burglary & Robbery on Personal Property $1.50 included $0
3L Glass-Accidental Breakage (Cost added to Packages) $18.00 automatic
3N Replacement Cost-Contents (Cost added to Packages) $32.00 automatic
3L/3M/3N Vandalism & Malicious Damage $1.15 included $0
• please specify whether coverage is required on dwelling, personal property, or both All forms Water Protection Endorsement WW-1020 Minimum $1,000 Ded Flat Rate $150.00
Minimum $1,000 deductible with no discount, otherwise, reflects policy deductible.
No discounts of any kind. OR Choose 4S Sewer, Septic Sump Backup if ineligible for Water Protection re distance
ADDITIONAL CHARGES/CREDITS: Additional Units ADD: 10% if one; OR IF >1 Additional 15% Heat-Auxiliary Wood or Solid Fuel Flat $50 Heat- No Permanent heat source (not applicable to Mobile Homes) $0.65
Mobile Surcharge Tied down $1.00
Not tied down $2.00 Mobile Homes not centrally heated $1.50 Mobile Homes using any form of wood heat Flat Surcharge $88.00 ( unit must be approved for mobile home use )
Mobile with oil heat or over 25 years old New Business - Not Written CREDIT: 5% if Lease Agreement requires tenant to have insurance (provide copy)-All forms INELIGIBLE: Short term rental- refer to commercial Grandfathered business: "Designated Premises" Liability only where we do not write the Principal Residence.
Premium: $1M=$71 $2M=$97 $3M=$127 $5M=$157 $8M=$217
Coverage O
Coverage RG-FLAT
26
TRAVEL TRAILER PACKAGE (EO-0005 Plus;EO-0010 Standard)
This package provides coverage for wheels-on units, either parked or on the road. This coverage provides physical damage only.
Towing the trailer-also see auto wording for coverages
CRITERIA Must insure Principal Residence ( as supporting business ) Length restriction-not applicable provided all other criteria is met Trailer not to exceed 10 years of age – to be eligible for “Plus / All Risk” coverage. If Trailer exceeds 10 years of age – eligible for “Named Perils” coverage only. Renewals over 10 years eligible for Named Perils only
The following rates assume that the trailer is in a good physical state of repair and is well maintained. A PHOTO IS REQUIRED FOR UNITS OVER 15 YEARS OF AGE.
*Applicants Drivers license number is required
PACKAGE FEATURES Replacement Cost coverage available on units up to 24 months old
“Plus/All Risk” policies only – Must be insured to 100% of Replacement cost
Flat: $25
15% of the amount of insurance on the trailer, applies to contents (may be increased).
10% of the amount of insurance on the trailer, applies to outbuildings (may be increased).
OPTIONAL ON PLUS FORM ONLY: MUST BE REQUESTED IF REQUIRED $1,000 Septic Backup-subject to package deductible $10 Waiver of Depreciation-Bill of Sale-must be current model year when purchased
no previous owner; for up to 24 months
CLAIMS FREE DISCOUNT / CLAIMS SURCHARGE 20% discount, if 100% Claims Free for 3 years (or Claims Surcharged, if applicable – refer to that section)
PROPERTY RATES / $1,000 OF COVERAGE PLUS / ALL RISK NAMED PERILS
$500 deductible (minimum) $17.20 $14.50 (to increase Contents/Outbuildings over the basic amount-use the rates noted above)
To amend the minimum deductible of $ 500.00 to: $ 750.00 deductible – 10% discount Higher deductibles $1,000.00 deductible – 17% discount are allowed
LIABILITY EXTENSION - No Charge
Minimum Premiums $ 200.00 If a Stand alone policy ( existing business will be grandfathered, not offered as of 2005 )If a Stand alone policy (existing business will be grandfathered, not offered as of 2005 )
$ 50.00 If added to the Principal Residence policyIf added to the Principal Residence policy
27
TENANTS PACKAGE COVERAGES
Tenants Package – Plus Form (Wording PP-0055-0118) (Identity Limit, update wording #, no other changes)
Tenants Package – Named Perils (Wording PP-0050-0118) (updates number, no other changes)
NOTE: When a risk is located over a Commercial Property, regular premiums apply.
a) Personal Property Plus Form Named Perils (including water
from the
accumulation of
b) Additional Living Expense 40% of (A) 40% of (A)
c) Replacement Cost – Personal Property Included Included
d) Personal Liability Not Included Not Included
e) Credit Card Coverage $5,000 $5,000
f) Food Freezer Coverage $2,000 $1,000
g) Power Fluctuation Included $2,500
h) Minimum Deductible $500 $500
i) TV Antenna/Dish Floater $1,000 $1,000
j) Water Protection Endorsement WW-1020 WW-1020 OR Sewer, Septic, Sump Backup* 4S 4S (Subject to a $1000 min. deductible, Included but add $150 flat to base rate otherwise, reflects policy deductible) *Choose where not eligible due to 100'
distance to water exclusion in WPE wording
k) Identity Fraud $10,000 $5,000 $250/Day $1,000 Maximum Total-Plus
$100/Day $500 Maximum Total-NP
l) Personal Articles ie Jewellery Special Limits $3,000 Policy Deductible Applies Policy wording All Risk
EO-0795
PLUS STANDARD $500 DEDUCTIBLE $500 DEDUCTIBLE
LIMITS PREFERREDGRADE 1 GRADE 2 GRADE 2A PREFERREDGRADE 1GRADE 2 GRADE 2A LIMITS 10,000 127 144 210 253 10,000 12,000 133 150 218 263 12,000 14,000 139 156 228 273 14,000 16,000 145 163 236 284 16,000 18,000 151 169 246 294 18,000 20,000 196 219 314 372 156 175 255 305 20,000 22,000 202 225 321 380 164 183 266 316 22,000 24,000 208 231 329 390 170 190 275 328 24,000 26,000 213 237 337 399 176 197 286 339 26,000 28,000 218 244 345 408 184 205 296 352 28,000 30,000 225 250 354 418 191 212 308 364 30,000 32,000 230 256 362 427 198 221 319 378 32,000 34,000 236 263 371 438 206 229 331 392 34,000 36,000 243 269 380 447 214 237 343 405 36,000 38,000 249 276 389 458 222 246 355 420 38,000 40,000 255 284 398 468 230 255 369 435 40,000 42,000 263 290 407 480 238 264 381 449 42,000 44,000 269 297 417 490 247 273 395 465 44,000 46,000 275 305 427 502 256 284 410 481 46,000 48,000 282 313 437 513 266 293 423 498 48,000 50,000 290 320 447 525 275 303 439 516 50,000 52,000 297 328 458 537 285 314 454 532 52,000 54,000 305 336 468 549 294 324 469 551 54,000 56,000 312 344 479 562 305 336 486 570 56,000 58,000 319 353 490 574 315 348 503 589 58,000 60,000 328 361 501 587 327 359 520 609 60,000
EACH ADDITIONAL $1,000 over $60,000 ADD: $3.70 $4.20 $4.90 $5.40 $3.70 $4.20 $4.90 $5.40
LIABILITY: Limit: 1,000,000 add: $76.00
2,000,000 add: $103.00
WOODSTOVES OR WOOD BURNING FIREPLACES: add: $50.00
WATER PROTECTION ENDORSEMENT WW-1020 OR *4S SEWER,SEPTIC, SUMP BACKUP WW-1020 Minimum $1,000 Deductible, no discounts; Otherwise, reflects policy deductible with no discounts No Discounts of any kind ADDED TO PACKAGE PREMIUM ABOVE AFTER ALL DISCOUNTS CALCULATED $150.00 *4S IS AVAILABLE IF NOT ELIGIBLE FOR WATER PROTECTION DUE TO 100' DISTANCE TO WATER EXCLUSION IN THE WATER PROTECTION WORDING
TENANTS PACKAGE
BLANK PAGE
LIFE LEASE EXTENSION ENDORSEMENT EO-0820
To qualify, must fit the following criteria
Attaching this endorsement to the Tenants Package policy of the client brings them into compliance with their insurance obligations outlined in their Life Lease Occupancy Agreement clause. (ie. 37.3a) Community service or church affiliated groups have developed Life Lease projects that cater to "mature adults and seniors".
Requirements
Insured's lawyer can provide proper instructions for coverage required
Insurance clauses from the policyholder's lease are to be provided to the company
Tenants package-written the same as any other (Includes Improvements & Betterments)
Personal Property limit should include personal property and improvements including those purchased in the lease agreement ie) hardwood flooring
Sales people should check to be sure that 250% x the Personal Property limit equals or is greater than the leasehold cost of the unit
Decline if Waiver of Subrogation required
Coverage:
Additional protection for the Building
Provides coverage for the physical structure of the unit (excluding improvements made or acquired) if the Life Lease Corporation has no insurance, it's insurance is inadequate or it is not effective See policy wording
Multiply Personal Property by 2.5 to arrive at a limit for Life Lease
EO-0820 Wording indicates will not pay more than 250% of amount shown on Personal Property
Not a condominium form of coverage
Additional Charge: $25.00 (Property extension, not liability)
Additional Insured if requested (current manual rate) ELI-0115
CONDOMINIUM
VACANT LAND CONDOMINIUM CORPORATION EXTENSION ENDORSEMENT EO-0835
Provides policyholder with financial protection that may be needed if the condominium corporation assesses the unit owner for the value of their individual share of loss or damage to common elements.
A vacant land condominium corporation is a development that gives a purchaser the option of buying a condominium unit that consists only of vacant land at the time of purchase.
Additional Charge: $30 ($15 Prop/$15 Liab)
PLUS FORM ONLY - $10,000 LIMIT IS INCLUDED IN THE DWELLING WORDING AT NO COST
31
CONDOMINIUM UNIT OWNERS PACKAGE
Condominium Unit Owners Policy – All Perils Form (Wording PP-0705- 0118)
Condominium Unit Owners Policy – Named Perils Form (Wording PP-0710-0118)
Minimum Deductible-$500 on all Forms Primary Primary Seasonal or Rental
A) Personal Property inc Replacement Cost All Perils Named Perils Named Perils
B) Additional Living Expense 40% of (A) 40% of (A) Not Covered Not Covered
Fair Rental Value in wording
C) Unit Owners'/Tenants' Improvements 100% of (A) 100% of (A) 100% of (A)
D) Additional Protection for Building 250% of (A) 250% of (A) 250% of (A) up to $1,000 Condo Corp Ded if assessed
E) Loss Assessment Coverage 250% of (A) 250% of (A) 250% OF (A) up to $10,000 Condo Corp Ded if assessed
ADDITIONAL COVERAGES: Credit Card Coverage $5,000 $5,000 Not Covered
Food Freezer Coverage $2,000 $1,000 $1,000
Power Fluctuation Included $2,500 Not Covered
TV Antenna/Dish Floater $1,000 Not Included Not Covered (not shown on Dec Page)
Water Protection Endorsement WW-1020 WW-1020 OR Sewer, Septic, Sump Backup* 4S 4S (Subject to a $1000 min. deductible,
otherwise, reflects policy deductible) *Choose where not eligible due to 100' distance to water exclusion in the WPE wording
Personal Articles ie Jewellery $6,000 $3,000 Not Covered Subject to Policy Deductible special limit EO-0795*
(*Adds Q coverage to NP policy) see wording Max $1000/item
Identity Fraud $10,000 $5,000 Not Covered Plus $250/day $1,000 Maximum Total policy wording EO-0870 NP $100/day $500 Maximum Total
By-Laws $10,000 Included Policy wording Coverage CC Not Covered
Personal Liability Not Included Not Included Not Included
There must be an insured peril for the following to apply: Additional Protection for Building-where Corporation has insufficient or no coverage on the building Common Elements-use of recreational or functional facility with obligation to maintain Improvements & Betterments-ie) upgraded floor, wall covers, fixtures + any purchased in agreement Leasehold Condo Corp- Condo units + common elements developed on "leased" land Loss Assessment-Corporation has a shortfall and insured is assessed a share
Capped at 2% Add/Rate higher limit; Add/Rate full limit
Included but add $150-no discounts of any kind
32
LIMITS PREFERREDGRADE 1 PREFERRED GRADE 1 PREFERREDGRADE 1PREFERRED GRADE 1
20,000 140 156 167 185 200 222 234 259 40,000 204 224 231 252 277 302 323 353 60,000 268 291 296 320 355 384 414 448 80,000 332 358 360 387 432 464 504 542
100,000 396 425 424 455 509 546 594 637 120,000 460 492 488 522 586 626 683 731 140,000 536 572 554 592 660 702 763 815 160,000 612 652 620 662 734 778 843 899 180,000 688 732 686 732 808 854 923 983 200,000 764 812 752 802 882 930 1003 1067 250,000 954 1012 917 977 1067 1120 1203 1277 300,000 1144 1212 1082 1152 1252 1310 1403 1487 350,000 1334 1412 1247 1327 1437 1500 1603 1697 400,000 1524 1612 1412 1502 1622 1690 1803 1907 450,000 1714 1812 1577 1677 1807 1880 2003 2117 500,000 1904 2012 1742 1852 1992 2070 2203 2327
EACH ADDITIONAL $1,000
ADD: $3.80 $4.00 $3.30 $3.50 ADD: 3.70 3.80 4.00 4.20
LIABILITY: $1,000,000 add: $76.00 add: $103.00
WATER PROTECTION ENDORSEMENT WW-1020 OR *4S SEWER, SEPTIC, SUMP BACKUP Minimum $1,000 Deductible, no discounts; Otherwise, reflects policy deductible with no discounts No Discounts of any kind ADDED TO PACKAGE PREMIUM ABOVE AFTER ALL DISCOUNTS CALCULATED $150.00 *4S IS AVAILABLE IF NOT ELIGIBLE FOR WATER PROTECTION DUE TO 100' DISTANCE TO WATER EXCLUSION IN THE WATER PROTECTION WORDING
SEASONAL STAND ALONE IS ELIGIBLE REFER TO DEFINITIONS
INCREASED LIMITS: RATE/$1,000
Additional Protection for Building-Increased Limits 1.20 Improvements & Betterments-Increased Limits 3.60 Loss Assessment-Increased Limits 1.20 Unit Owner Package when occupied by an immediate family- refer to HO Qualifications Rented to Others-with Primary only Rental Income 2.70 Fair Rental-use ALE section Bear Damage (no wording) Maximum $50,000, Dwelling Ded 3.00 NP only form needs to add it Common Elements Extension Endorsement $30 Flat ($15PR/LI)
Land Lease Condo Corporation Extension Endst EO-0830(see pg39) $30 Flat ($15PR/LI)
Liability Only Not Written Vacant-excludes ALE/Glass/Vandalism/Water Escape/WPE/4S 2.95 + Rental premium-WPE
$1,000 Min Deductible-No ded discount, Rebuilding Clause Applies; Existing policy only
ALL PERILS STANDARD STANDARD STANDARD
33
LIMITS GRADE 2 GRADE 2A GRADE 2 GRADE 2A GRADE 2 GRADE 2A GRADE 2 GRADE 2A
20,000 222 272 256 309 307 371 358 433 40,000 302 361 336 399 403 479 470 559 60,000 382 451 417 490 500 588 584 686 80,000 462 540 497 580 596 696 696 812
100,000 542 630 577 669 692 803 808 937 120,000 622 720 657 759 788 911 920 1063 140,000 717 826 740 852 879 1013 1020 1174 160,000 812 932 823 945 970 1115 1120 1285 180,000 907 1038 906 1038 1061 1217 1220 1396 200,000 1002 1144 989 1131 1152 1319 1320 1507 250,000 1240 1409 1197 1364 1380 1574 1570 1785 300,000 1477 1674 1404 1596 1607 1829 1820 2062 350,000 1715 1939 1612 1829 1835 2084 2070 2340 400,000 1952 2204 1819 2061 2062 2339 2320 2617 450,000 2190 2469 2027 2294 2290 2594 2570 2895 500,000 2427 2734 2234 2526 2517 2849 2820 3172
ADD: $4.75 $5.30 $4.15 $4.65 ADD: $4.55 $5.10 $5.00 $5.55
LIABILITY: 1,000,000$ add: $76.00 add: $103.00
WATER PROTECTION ENDORSEMENT WW-1020 OR *4S SEWER, SEPTIC, SUMP BACKUP Minimum $1,000 Deductible, no discounts; Otherwise, reflects policy deductible with no discounts No Discounts of any kind ADDED TO PACKAGE PREMIUM ABOVE AFTER ALL DISCOUNTS CALCULATED $150.00 *4S IS AVAILABLE IF NOT ELIGIBLE FOR WATER PROTECTION DUE TO 100' DISTANCE TO WATER EXCLUSION IN THE WATER PROTECTION WORDING
SEASONAL STAND ALONE IS ELIGIBLE REFER TO DEFINITIONS
INCREASED LIMITS: RATE/$1,000 Additional Protection for Building-Increased Limits 1.20 Improvements & Betterments-Increased Limits 3.60 Loss Assessment-Increased Limits 1.20 Unit Owner Package when occupied by an immediate family- refer to HO Qualifications Rented to Others-written with Primary onlyRental Income 2.70 Fair Rental-use ALE section Bear Damage (no wording) Maximum $50,000, Dwelling Ded 3.00 NP only form needs to add it Common Elements Extension Endorsement $30 Flat ($15PR/LI)
Land Lease Condo Corporation Extension Endst EO-0830(see pg39) $30 Flat ($15PR/LI)
Liability Only Not Written Vacant-excludes ALE/Glass/Vandalism/Water Escape/WPE/4S 2.95 + Rental premium-WPE
$1,000 Min Deductible-No ded discount, Rebuilding Clause Applies; Existing policy only
$2,000,000
ALL PERILS STANDARD Seasonal STANDARD
Rentals STANDARD
LIMITED COVERAGES - No Stand Alone New Business-will grandfather existing policies
RESIDENTIAL and FARM-SECTION III -COVERAGES L,M,N
DWELLINGS, DETACHED PRIVATE STRUCTURES & PERSONAL PROPERTY (CONTENTS)
Base Rate: Rates / $ 1,000. ($ 500. deductible) Fire Protection
Grade 1 $1.80
Grade 2 $2.50
Grade 2A $2.85
ADDITIONAL CHARGES: Wood-Auxiliary heat $50
Vacant=Moved out with no intent to return regardless of furnishings (see wording definition) If still being used by a family member, determine if eligible for ie) Seasonal
Vacancy Acknowledgement (Rebuilding Clause Mandatory – included) ADD: $2.95 NOTE: A minimum $1,000 Deductible applies for 1st year (no discount to Grade + Vacant Rate)
$2,500. no discount for the 2nd year, with a coverage review in the 3rd year.
Coverage will be amended to vacant immediately upon notification.
RENTAL DWELLINGS - SEE SEPARATE SECTION
SEASONAL DWELLINGS - SEE NEXT PAGE
Miscellaneous Coverage: (not available if vacant)
Glass Breakage Flat Rate $18.00
Water Protection Endorsement WW-1020 $1,000 Ded Flat Rate $150.00 Minimum $1,000 Deductible, no discount. Otherwise reflects policy deductible No Discounts of any kind WPE NO LONGER AVAILABLE ON NEW EFFECTIVE JULY 1 OR RENEWALS AUGUST 1 2020
Sewer, Septic, Sump Backup 4S (policy booklet) Flat Rate $150.00 Minimum $1,000 Deductible, no discount. Otherwise reflects policy deductible
Dwellings with no permanent heat source (not applicable to Mobile Homes) $0.65
Mobile Surcharge Tied down $1.00
Not tied down $2.00 Mobile Homes not centrally heated $1.50 Mobile Homes using any form of wood heat Flat Surcharge $88.00 ( unit must be approved for mobile home use )
Mobile with oil heat or over 25 years old New Business - Not Written Burglary & Robbery on Personal Property Coverage O $1.50 Vandalism & Malicious Damage Coverage HH $1.15 (not available on vacant properties)
• please specify whether coverage is required on dwelling, personal property, or both
Grandfathered business:
"Designated Premises" Liability only where we do not write the Principal Residence. Premium: $1M=$71 $2M=$97 $3M=$127 $5M=$157 $8M=$217
(subject to a minimum loading of $150.00)
35
Maximum 8 weeks rental. If greater, refer to Commercial
Base Rate: Rates / $ 1,000. ($ 500. deductible) Fire Protection
Grade 1 $2.95
Grade 2 $4.30
Grade 2A $4.90
Not tied down - age < 10 years $2.65
Tied down - age > 10 years $2.95
Not tied down - age > 10 years $4.10
Burglary & Robbery on Personal Property Coverage O $1.50
Vandalism & Malicious Damage Coverage HH $2.00 (not available on vacant properties)
• please specify whether coverage is required on dwelling, personal property, or both
Rental Income-Full Limit must be added and rated ELI-0025 $2.70
Glass Breakage Flat Rate $18.00
Water Protection Endorsement WW-1020 $1,000 Ded Flat Rate $150.00 Minimum $1,000 Deductible, no discount. Otherwise reflects policy deductible
WPE NO LONGER AVAILABLE ON NEW EFFECTIVE JULY 1 OR RENEWALS AUGUST 1 2020
Sewer, Septic, Sump Backup 4S (Policy Booklet) Flat Rate $150.00 Minimum $1,000 Deductible, no discount. Otherwise reflects policy deductible
Cottages not accessible by road –YEAR ROUND RATE AT BEYOND GRADE 2 / 2A
CONTENTS WHILE IN STORAGE: 3N Coverage - Limited Perils Form $8.75
Available on existing policies only
Will remain on policy until removal is requested
“Coverage O” or “Coverage HH” available – rates shown above
"Designated Premises" Liability only where we do not write the Principal Residence
Limit: $1M $2M $3M $4M $5M $8M Premium: $71 $97 $127 $142 $157 $217
LIMITED COVERAGE-SEASONAL DWELLINGS & PERSONAL PROPERTY No Stand Alone New Business-will grandfather existing policies
(subject to a minimum loading of $150.00)
36
MISCELLANEOUS FLOATERS AND COVERAGES
Owner Present: Duration: Switch to :
Primary Residence < 2months OK as Primary
Primary Residence 2-6 Months Secondary only for the duration
Primary Residence > 6 Months Secondary and leave as Secondary
Secondary Residence < 2months OK as Secondary
Secondary Residence 2-6 Months Ok As Secondary
Secondary Residence > 6 months Rental Dwelling and leave as Rental
Owner Absent: Duration: Switch to :
Primary Residence < 2months OK as Primary
Primary Residence 2-6 Months Secondary for the duration
Primary Residence > 6 months Rental and leave as Rental
+ consider tenants package for
ALE, Credit Card etc
Seasonal Residence Duration: Switch to :
Insured also uses; where Air BNB > 2months Rental Dwelling for Duration
FULL TIME AIR BNB Any full time Air BNB must be referred to commercial
Endorsement to show: Air B N B Exposure when applicable so we can monitor
Private or Agency Rental will show rented dates in description even if
no coverage change
IMPORTANT: Broker is responsible for advising when rental exposure has ended
Duration: Does not have to be concurrent
Liability: If not in Primary Dwelling Add: $93 $1M $129 $2M
Umbrella: Is allowed if guidelines are met
Fair Rental Value: Primary/Secondary: Capped at 2% of Additional Living Expense unless reported
Increased limit would be at Rental Income rate $2.70 /$1,000
Rental Dwelling - add and rate full Rental Income $2.70 /$1,000
All other scenarios, please refer to Commercial
BEAR DAMAGE -"damage caused by bears" $3.00 /$1,000
No Additional wording, the dec page will simply show the above under Description of Items (Not excluded on Plus Form Pkg or Broad Form Dwelling. Required for Named Perils) Deductible will match the dwelling
Maximum limit allowed: $50,000
MISCELLANEOUS FLOATERS AND COVERAGES
BICYCLES
Standard & Broad include$1,000, Plus $2,000 subject to policy deductible. If higher limits are required, move to Sports Equipment Floater and calculate entire
amount as additional coverage and premium.
E-BIKES-Without verification of the label, must be referred to auto. E-Bikes must have: Steering Handlebars, Working Pedals, an electric motor not exceeding 500Watts, a maximum speed of 32 km/h; a maximum weight of 120kg, the label from the manufacturer stating that e-bike conforms to federal definition of a power assisted bicycle and must not be subject to registration
E-Bikes Special Limi

property rate manual

Documents