INDEX
OFFICERS & DIRECTORS ..................................................................................................................................................2
OPERATING AREA .............................................................................................................................................................3
INSURABLE PROPERTY ....................................................................................................................................................4
AGENTS RESPONSIBILITIES ........................................................................................................................................ 5-7
GENERAL AGREEMENTS AND APPLICATION ....................................................................................................... 8-10
CREDITS .............................................................................................................................................................................11
WOODBURNING ...............................................................................................................................................................12
LOSS REPORTING .............................................................................................................................................................13
TP - 1 SERIES - PRODUCT DESCRIPTION ............................................................................................................... 14-15
A-2 DWELLINGS UNDERWRITING ...............................................................................................................................16
A-3 MOBILE HOMES & A-2 RENTAL/SEASONAL UNDERWRITING .......................................................................17
A-I DWELLINGS UNDERWRITING .......................................................................................................................... 18-19
A-I PLUS DWELLINGS UNDERWRITING ............................................................................................................... 20-22
HOBBY FARM UNDERWRITING ....................................................................................................................................23
COVERAGE E SCHEDULED FARM PERSONAL PROPERTY UNDERWRITING .....................................................24
COVERAGE F UNSCHEDULED FARM PROPERTY UNDERWRITING .....................................................................25
COVERAGE G OUTBUILDINGS UNDERWRITING ................................................................................................ 26-27
COVERAGE H SPECIAL HAZARDS UNDERWRITING ...............................................................................................28
PERILS INSURED AGAINST ............................................................................................................................................29
DEDUCTIBLE OPTIONS ...................................................................................................................................................30
FARM PACKAGE RATES ........................................................................................................................................... 31-37
PACKAGED HOMEOWNERS PROGRAM (CDO & HMP) ....................................................................................... 38-39
PREFERRED HOMEOWNERS PACKAGE PROGRAM (CLASSICS & PREFERREDS)..............................................40
TENANT'S RATES (HOMEOWNER PROGRAM) ...........................................................................................................41
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
1
North Branch Mutual Insurance Company
8344 Erickson Road NE
North Branch, MN 55056
(651) 674-8331
Fax: (651) 674-8332
Email: nbmutualins@nbmutualins.com
PERSONNEL:
Diane Kriesel, Manager
Cathy Greeley, Office Staff
Elaine Cedergren, Office Staff
Clair J. Kubesch, Inspector
Dean Nielsen, Inspector
BOARD OF DIRECTORS:
Greg Sostak
Randy Oslund
Larry Heikes
Todd Johnson
Bruce Bloomgren
Bill Swanson
Diane Kriesel
OPERATING AREA
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
2
NORTH BRANCH MUTUAL INSURANCE COMPANY
Operating area of the North Branch Mutual Insurance Company.
The North Branch Mutual Insurance Company is allowed by law to insure property as described in Chapter 67A in
all of the following counties:
AITKIN COUNTY –
ANOKA COUNTY –
BENTON COUNTY –
CARLTON COUNTY –
CHISAGO COUNTY –
ISANTI COUNTY –
KANABEC COUNTY –
MILLE LACS COUNTY –
PINE COUNTY –
SHERBURNE COUNTY –
WASHINGTON COUNTY –
WRIGHT COUNTY –
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
3
INSURABLE PROPERTY
The North Branch Mutual Insurance Company is governed by Chapter 67 A of the Minnesota Insurance Laws. Two
portions of the set of laws are of primary importance and are commented on here.
67A.13 TYPES OF INSURANCE (perils) AUTHORIZED
A township mutual fire insurance company shall insure only against loss or damage by fire, lightning, explosion,
flood, earthquake, theft, vandalism, collapse, upset, overturn, collision, riot, riot attending a strike, civil commotion,
aircraft, vehicles, smoke, breakage of glass, weight of ice, snow, sleet, freezing, leakage of water or other substance,
electrical power interruption or electrical breakdown from any cause, and as to livestock against loss or damage by
electrocution by electrical currents artificially generated, attack by dogs or wild animals, drowning, accidental
conveyances, and consequential losses as a result of damage from any of the perils listed except public liability.
NOTE:
The above is quoted directly from the Statutes and outlines what perils we MAY insure against.
The policy forms should be referred to as to what perils are actually included within a given
policy. Not all policies insured would include all of the above perils.
You might also note that windstorm, collapse, earthquake, hail, tornado, liability, and special form
coverage are not written by a Township Mutual. These coverage's are provided by a companion
carrier - Statewide Mutuals.
67A.14 INSURABLE PROPERTY
Subdivision 1. KINDS OF PROPERTY. Township Mutual fire insurance companies may insure:
QUALIFIED PROPERTY.
Qualified property means dwellings, household goods, appurtenant structures, farm building, farm
personal property, churches, church personal property, county fair buildings, community and
township meeting halls and their usual contents.
(b)
Township mutual fire insurance companies may extend coverage to include an insured's
secondary property if the township mutual fire insurance company covers qualified property
belonging to the insured. Secondary property means any real or personal property that is not
considered qualified property for a township mutual fire insurance company to cover under
chapter 67 A. The maximum amount of coverage that a township mutual fire insurance may
write for secondary property is 25 percent of the total limit of liability.
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
4
AGENTS RESPONSIBILITIES
The Board of Directors and Staff of the North Branch Mutual Insurance Company are presenting this procedures
manual to our agents as a guide for use in your contact with the insuring public. We welcome your comments and
recommendations for improvements as we plan to periodically consider additions and revisions. We recognize that
we cannot cover every insuring situation in this manual, and ask that you contact our office for procedures that are
not outlined. Your procedures manual works in tandem with your agents contract. The Statute in force will super
cede any written material in the procedures manual, which, in the future, could conflict with
Minnesota Statute, at that time.
Please read through this material to make you knowledgeable as to our procedures and direct any questions to our
Home Office in North Branch, Minnesota, at (651) 674-8331.
AGENTS DUTIES:
•
Follow UNDERWRITING GUIDELINES: Good Risk Selection
•
Solicit insurance from individuals who are of high moral character and reputation-Profitable Business
•
Send all applications, endorsements, notices of loss, and other correspondence to the Company
IMMEDIATELY.
•
Develop and maintain a thorough working knowledge and understanding of the Company's products and
procedures.
•
Personally inspect and write only property, which is in good repair and well maintained.
•
Require proper insurance to value, and submit risks to proper classification.
•
Attend Company Agents meetings.
•
Promote good public relations between the Company and the Policyholder and create an image of
professionalism in regard to the industry.
•
Be clear, brief, and consistent when dealing with your policyholders: you are dealing with folks that relate
to insurance in a different manner than an agent or company does.
ENDORSEMENTS:
Any change in title, amount, or mortgage of the insured property requires an endorsement. The policy should include
all parties having ownership or title to the property insured. It is essential that the description of the risk, what is
insured, it's construction, size and condition be included on endorsements to define the classification and recognize
the exposure.
When making an endorsement, please describe the perils to be insured. The underwriter cannot rate the exposure
without knowing the causes of the loss he/she is insuring for potential loss.
Requests for endorsements should be forwarded to North Branch Mutual Insurance Company for straight fire
changes, and also those coverages packaged with North Star Mutual and RAM Mutual Insurance Companies.
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
5
AGENTS RESPONSIBILlTIES (continued)
CANCELLATIONS:
In order for a policy to be canceled, the original policy must be returned to the Home Office or a lost policy receipt
must be signed by the policyholder and sent to the Home Office. The Home Office will notify the insured by certified
mail. We will not reinstate any policy or continue to insure any policy when we have sent certified notice of
cancellation past the cancellation date.
AGENTS RESPONSIBILITIES:
We ask that you notify our office of any changes in your agency. We require that our agents also submit a copy of the
declarations page of their current Errors and Omissions policy to the Company each year. We will not license any
agency that does not carry Errors and Omissions insurance.
BILLINGS:
All policies are billed directly to the insured or mortgage company on an annual, semi-annual, or quarterly basis.
The authority of any agent ceases at the time his license and/or Agency Agreement are terminated. The agent must
notify the Company immediately if a license is suspended or revoked by the Commissioner.
The agent has no authority to accept business or authorize the binding of any risk for or on behalf of any agent, subagent, or broker who is not licensed with the Company.
The Company urges the agent to confine his activities for the Company within the provisions of his license and
Agency Contract, as any unauthorized act for which the Company may become responsible may involve the agent
and become his personal obligation.
The direct billing procedure will be followed:
Initial Billing:
Twenty days prior to installment date
Second Notice:
Day following the installment date
Cancellation:
Twenty Days after installment date
** Insufficient Fund Fee is $25.00 plus certified postage. A money order, cash or cahier's check will be required for
the next payment.
If cancellation notice is sent, late fee charges will be added as follows: Certified postage amount for mailing to
each entity named on the policy and a $25.00 Certified Fee.
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
6
AGENTS RESPONSIBILITIES (continued)
AUTHORIZATION:
The authority of the agent is limited to: the kinds of insurance covered by his state license, by the provisions of the
Agency Agreement/Contract, and by the limitations set forth in the Company's manual, bulletins and other
communications distributed by the Company.
COMMISSIONS:
All producing agents receive 15% commission on all farm policies and 20% on Homeowner policies of fire
premiums. Return premiums are charged back at the same rate as originally paid.
EXPIRATIONS:
A new application must be submitted to renew the expiring policy. We ask that you re-evaluate the risk at the time of
renewal to determine if alterations should be made in the insuring agreement because of loss experience, use,
occupancy, maintenance or any other cause that could have a bearing on the profitability of the business. Many of
your package polices automatically renew for which you will receive revised declarations.
BINDER NOTICE:
Since agents represent many companies writing similar coverage, binder notices can be very important. Binder
notices serve as a temporary policy pending issuance of the actual policy, and must provide the company with the
following information:
•
Applicants name and address
•
Location of Risk
•
Reasons for Binder
•
Term of Binder
•
Amount of Binder by Item Insured
•
Amount of Deductible
•
Mortgagee/Loss Payee
•
The Insurance Company(s) which is bound
•
Perils Insured Against
•
Signature of the Agent and Date of Signature
•
Binders must be faxed or e-mailed to Company immediately upon issue.
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
7
GENERAL AGREEMENTS AND APPLICATION
•
All new and renewal applications must be personally viewed by the Agent.
•
All new and renewal applications will be inspected by our Company Inspector.
•
The underwriting guide must be completed on the application.
•
All applications must be signed by the insured or the application will be returned to your office.
Endorsements may be noted as phoned in to the agency if the insured is not available.
•
Each agent is responsible to write a Balanced Risk; a good mix of business is essential.
•
All locations must be listed on the application or requested by endorsement. List the primary location,
where the insured resides first.
•
Interests of Mortgage/Loss must be covered by indicating on the application or by endorsement: the name,
address, and interest of the mortgage/loss payee. An insurance contract is an "interest" policy, covering
only the interest of the named insured or his legal representative.
•
Vacant/Unoccupied property, recreational property and small farm related commercial risks must have
supporting coverage.
•
Any insured that will not allow inspection of his property is subject to immediate cancellation. Please
inform your insured at the time of application that our inspector will call on them.
•
All rules and guidelines will be strictly enforced.
•
Maintenance and upkeep of all properties must be average or better than average to comply with
underwriting.
•
If through inspection, corrections are to be made by the policyholder, these corrections must be made
within the time limit specified or the policy will be cancelled.
•
Agents will receive copies of underwriting and building valuation to further assist them in underwriting.
The costs of buildings shown on the schedule are derived from accepted estimators, and should not be
considered a substitute for a detailed appraisal. The costs shown are for purposes of underwriting and
include generalities that are frequent in construction .
•
All application and endorsements for boats, snowmobiles and all terrain vehicles must include registration
numbers, ccs, make, model and year.
THE DEFERRED LOSS ENDORSEMENT IS required ON THE FOLLOWING:
•
Vacant and Unoccupied Property
•
Tenant Occupied Property
•
Idle Buildings and Buildings not used for their intended purpose.
•
Township Meeting Halls
•
Secondary (other than Primary) Locations
•
Seasonal Property
•
G-3 Barns
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
8
GENERAL AGREEMENTS AND APPLICATION (continued)
BINDING AUTHORITY:
The agent is authorized, subject to the rules and practices of the Company, as they are from time to time constituted,
to solicit proposals and collect and receive premiums, and to bind and execute contracts for the kinds of insurance
specified by the Company to the Agent. The agent shall act in a fiduciary capacity with respect to all premiums
collected by him.
DO NOT BIND:
• Maximum binding authority on a dwelling is $400,000 above that refer to company.
• Any Vacant Dwelling or Outbuildings. Vacant for purposes of binding authority means void of or absence
of worthwhile contents and furnishings.
• Any dwelling or other Buildings with an unapproved chimney.
• Any Policy Insuring Outbuildings ONLY.
• Any Buildings with non-approved insulation not properly covered.
• Fairgrounds buildings.
• Seasonal Property or Property outside our usual insuring territory.
• Any insured who has more than 2 claims in 3 years.
• Any insured who has a mean or vicious dog.
• Any insured who has poorly maintained fences (Applicable if insured has livestock and is insured with
package policy).
• Any insured who poorly maintains his equipment (removes guards, improper lights, no SMV signs, etc.)
• Any insured whose overall premises housekeeping is poor.
• Any applicant who is engaged in custom farming ONLY. Custom farming equipment does not qualify
for special form.
• Any farmer who is engaged in a non-farming activity for monetary benefit.
• Horse Boarding stables.
• Weeds and long grass should be kept down around all buildings.
• Fuel tanks are not permitted inside any building.
• Fuel tanks must be 50 ft. from buildings.
• Fire resistant insulation should be used. Any buildings with exposed styrofoam, styrene or urethane
insulation will not be acceptable unless it is properly covered, and then the building must be checked and a
report made to the company.
• Barrel type wood heaters are not acceptable for insurance.
• Wood/Gas combination stoves are not acceptable. Wood and gas stoves (separate units) cannot be vented
to the same chimney.
• Please refer to the binding authority section and coverage/optional coverage sections for the exact
coverages, limitations, and exclusions.
• Water and Sewer coverages or additions to those coverages when flooding are eminent.
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
9
GENERAL AGREEMENTS AND APPUCATION (continued)
POLICY TERM:
Policy term is a maximum of three years for farm package policies and five years for homeowner package policies.
COVERAGE ITEMS:
There are a number of items that are insured under the farm program that cause a problem as to which line of
coverage should apply. For the policies written by North Branch Mutual Insurance Company, the following items
will be classified to the following coverages: (Must be specifically listed)
Irrigation Systems
Installed Equipment
-Insured Specifically
DEDUCTIBLE MINIMUMS
$1,00.00 on all new business effective October 15, 2012.
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
10
CREDITS
1. New dwellings are eligible for a premium discount as shown in the table below.
2. The discount shall apply only to the dwelling base policy premium. It shall not apply to optional coverages or
higher limits of property coverages.
Year of Original Electrical System
Apply
Discount of
During Current Calendar Year .............................................................................................................. 24%
1 Year Preceding Current Calendar Year ................................................................................................ 22
2 Year Preceding Current Calendar Year ................................................................................................ 20
3 Year Preceding Current Calendar Year ................................................................................................ 18
4 Year Preceding Current Calendar Year ................................................................................................ 16
5 Year Preceding Current Calendar Year ................................................................................................ 14
6 Year Preceding Current Calendar Year ................................................................................................ 12
7 Year Preceding Current Calendar Year ................................................................................................ 10
8 Year Preceding Current Calendar Year ................................................................................................. 8
9 Year Preceding Current Calendar Year ................................................................................................ 6
10 Year Preceding Current Calendar Year ............................................................................................... 4
11 Year Preceding Current Calendar Year ............................................................................................... 2
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
11
WOODBURNING UNDERWRITING
1. We use RAM's "Fire Safety in Solid Fuel-Burning Systems" book edition 10-06.
2. We also use RAM's "Fire Safety for Agricultural Buildings" edition 1-10.
3. Solid-fuel woodburning & corn burning stoves must be UL approved.
4. No woodburning or corn burning in attached garages.
5. All woodburning & corn burning units must be inspected by company inspector.
6. Chimneys need to be cleaned yearly.
7. Woodburning & corn burning is allowed in outbuildings if it passes inspection.
8. Outdoor woodboilers must be 40 to 50 feet from all buildings.
9. No barrel stoves or homemade stoves.
10. Heat savers are not allowed.
11. No more than two elbows allowed on stove pipe.
12. No woodburning or corn burning in mobile homes or additions unless it is an outside wood boiler at least 40 to
50 feet away from mobile home.
13. No woodburning or corn burning in rentals.
14. There is a $40.00 surcharge for woodburning in fireplaces, woodstoves, pellet stoves, & corn burning stoves in
dwellings and all outbuildings.
15. There is a $40.00 charge for outdoor woodburners.
16. Please check RAM's wood-burning book for more specific information.
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
12
LOSS REPORTING
Report the loss immediately to North Branch Mutual Insurance Company.
Fill out the loss form completely with the following and fax or e-mail to North Branch Mutual Insurance
Company.
1. Name.
2. Address.
3. Available phone numbers.
4. Date of loss.
5. Type of loss.
6. How did loss occur.
7. What was damaged.
8. Estimated damage of loss.
9. Do not hold loss waiting for more information! Fax in or e-mail what you have.
Inform the insured of the following:
1. The deductible amount.
2. It is insureds responsibility to obtain the police report for theft or vandalism losses.
3. A veterinarian's statement is necessary for animal losses. We pay for vet's bill regardless if it is a covered
loss.
4. A lightning affidavit is needed for lightning losses to personal property.
5. Once loss is reported and assigned, refer all questions and concerns to company and/or assigned adjustor.
Our liability coverage may not cover you in actions acting as an adjustor. Your E & O coverage may not
either.
6. Inform insured to take all reasonable actions to prevent further damage!
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
13
TP-l (5-03) SERIES: MINNESOTA FORMS
PRODUCT DESCRIPTION
INSURED:
Means you and your residents of your household who are your spouse, your relatives, or any other persons under the age of
21 and in the care of any person named above.
INSURED PREMISES:
Means all farm and resident locations described on the declarations. It also means the one or two family dwellings, which
you lease or rent to someone other than an insured person, including the buildings, the grounds, and other structures on the
grounds, and which are described on the declarations.
DWELLING/COVERAGE "A"
HOUSEHOLD PERSONAL PROPERTY/COVERAGE "C"
ADDITIONAL LIVING EXPENSE/COVERAGE "D"
COVERAGE A:
Dwelling includes additions and built-in components and fixtures, when a limit of insurance is shown on the declarations
and used principally as a private residence, construction materials and supplies located on or adjacent to the insured
premises and intended for use in construction, alteration or repair of an insured dwelling of the insured premises.
COVERAGE C:
Household Personal Property coverage is provided for personal property owned by or in the care of an insured person
while located at the insured dwelling or residence any structure attached to the insured dwelling or residence. At your
option, the personal property of guests and domestic employees is covered while on the portion of the insured premises
occupied exclusively by an insured.
Household Personal Property owned by or used by an insured is also covered while temporarily elsewhere or
outside of the dwelling for up to a limit of 20% of the Household Property Coverage shown on the declarations.
HOUSEHOLD PERSONAL PROPERTY LIMITATIONS
$ 200
$2,000
$2,000
$2,000
$2,000
$1,000
$2,000
$1,000
$2,000
$2,000
$2,000
$2,000
Money, bank notes, bullion, gold, silver, coins, etc.
Securities, commercial paper, stamps, philatelic property.
Antiques and Collectibles
Watercraft including trailers, equipment accessories.
Motorized vehicles used to service the insured premises. No recreational motor vehicles.
Cemetery markers, headstones and urns.
Horse tack, saddles, bridles and related items.
Computer hardware and software, related equipment and accessories.
Silverware, goldware applying to theft only.
Jewelry, watches, precious or semi-precious stones, gems or furs applying to theft only.
Guns and gun accessories including antique and collectible guns applying to theft only.
Ice fishing houses and fixtures.
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
14
PRODUCT DESCRIPTION (continued)
HOUSEHOLD PERSONAL PROPERTY LIMITATIONS CONTINUED:
The following property is covered only while on the insured premises and is limited to the amounts stated:
$2,500
on BUSINESS PROPERTY, but excluding coverage to any property held for sale or resale
while on the insured premises.
$2,000
on trailers not used with watercraft while on the insured premises.
COVERAGE D:
This provides coverage for the increase in living costs and the loss of rents the insured may incur while carrying on
the normal activities of his household and provides coverage for loss of fair rental value if a portion immediately
adjoining the insured's dwelling are damaged from a peril insured against. Please see the general policy provisions
for the exact coverage amounts and limitations on this coverage.
COVERAGE E:
This provides· coverage for farm personal property owned and/or used by an insured in the farming operations, when
specifically listed on the declarations with a limit of insurance. Coverage is provided while the property is on or
temporarily away form but within 100 miles of the insured premises. The 100-mile limitation does not apply
to livestock.
SCHEDULED FARM PERSONAL PROPERTY LIMITATIONS
$2,500 per head of livestock, unless individually insured.
80% coinsurance of livestock.
10% of the Limit of Insurance for Miscellaneous Tools, and Supplies for anyone item.
Pro-rata Distribution for more than location.
Poultry may be insured for the cash market value, on the farm at the time of the loss to poultry.
Refer to policy for exact limitations.
COVERAGE F:
Unscheduled Farm Personal Property provides coverage for farm personal property which is owned by the insured
and usual and incidental to the operation of the farm, while on or temporarily away from, but within 100- miles of the
insured premises. The 100-mile limitation does not apply to livestock. Coverage is provided for unscheduled farm
personal property only when a limit of insurance is shown on the declarations.
UNSCHEDULED FARM PERSONAL PROPERTY LIMITATIONS
$2,500 per head of livestock
Subject to an 80% Coinsurance Clause.
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
15
GENERAL UNDERWRITING RULES
A-2 DWELLINGS
COVERAGE A: No Set Amount A-2 Scheduled Dwellings
COVERAGE C: No Set Amount
HOUSEHOLD PERSONAL PROPERTY
COVERAGE D: No Set Amount
INCREASE IN UVING COSTS
LIMITED:
• Should be used for low value, tenant/seasonal, and vacant or unoccupied property.
• Property without at least $10,000 worth of personal property.
• Property should be maintained with contemplated future occupancy with fire prevention methods being practiced.
• Must be insured for actual cash value ONLY.
• Dwellings with wiring that does not meet code are insured with Limited Coverage.
• No minimum amount of coverage is required.
BASIC:
• Must have at least $10,000 worth of personal property.
• Must be of good construction and repair.
• Must have heat vented to an approved chimney.
• Must have complete interior plumbing.
• Must have complete continuous masonry or concrete foundation under all exterior walls (except for porches).
• Must have approved electrical wiring.
• Must be insured for actual cash value.
• Minimum amount of insurance for Basic Coverage is $10,000.
• Must be occupied by owner.
• All dwellings with wood heat should have both a fire extinguisher and a smoke alarm.
• There is a $40.00 woodburning surcharge for all woodburning & corn burning.
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
16
GENERAL UNDERWRITING RULES
COVERAGE A-3
MOBILE HOMES
UNDERWRITING RULES MOBILE HOMES
• Mobile homes must be written on A-3.
• Mobile homes with wood heating cannot be insured.
• Outdoor wood burning surcharge is $40.00.
• Premises must be well kept.
• Should have an extinguisher and smoke alarm.
• Must have an approved electrical system.
• Must have factory installed heating system.
• Must have insulated skirting.
• Must have heat tape.
• Must be permanently located.
• Limited and Basic coverage only.
• Minimum premium for owner occupied mobile home is $50.00. Personal property is an additional charge of
50¢ per hundred for $1,000.00 deductible.
COVERAGE A-2: RENTAL / SEASONAL PROPERTY
• Premises must be well kept and visited regularly by owner.
• Wood burning is not allowed in rental property.
• Must be written with a minimum of $500.00 Deductible.
• Must be written with a Deferred Loss Payment - Optional Coverage "X".
• Dwelling should have a smoke alarm.
• Limited coverage only.
• Rental/Seasonal mobile home property minimum rate is $75.00 for mobile home. Personal property is an
additional charge of 75¢ per hundred.
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
17
GENERAL UNDERWRITING RULES
A-I DWELLINGS
(Deluxe Dwellings and Farm Partners)
COVERAGE A: $60,000 Minimum
A-I DWELLINGS
COVERAGE C: 60% OF Coverage A
HOUSEHOLD PERSONAL PROPERTY
COVERAGE D: 20% of Coverage A
INCREASE IN LIVING COSTS
BROAD:
• Must be good to excellent construction or repair.
• Must have central heat vented to an approved chimney.
• Must have updated plumbing within the past 40 years.
• Must be insured for a minimum of $60,000.
• Must be OWNER occupied.
• Must have a minimum of a 100-amp circuit breakers service.
• Must have a continuous foundation under all exterior walls.
• Housekeeping in and around the dwelling must be above average.
• If package policy is written including liability, walks should be free of obstructions.
• Steps should be solid and hand rails provided where necessary.
• No dwellings with flat roofs can be written with Broad Form.
• A $40.00 surcharge for all woodburning & corn burning.
**WHEN OPTIONAL COVERAGE "J" IS ADDED: (Replacement Cost Residence)
• Must be insured at 90% of replacement cost. Optional coverage 6J can also be used if not writing to 90% of
replacement cost.
• Should have smoke alarms and other protective devices as warranted.
• Roof should be approved and not exceeding 15 years since replacement. No wood roofs will be accepted in new
business. Special form cannot be written when the shingles are excluded.
• Dwellings under construction will be insured for 100% of the expected completed value. The named insured must
be the intended occupant and the dwelling should be completed in approximately six months.
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
18
GENERAL UNDERWRITING RULES
A-I DWELLINGS (continued)
HOUSEHOLD GOODS:
On Owner occupied property, household goods should be insured for a minimum of 60% of the amount of insurance on the
dwelling.
When replacement cost household personal property is insured, the minimum amount of insurance on household personal
property is $25,000. This is Optional Coverage "K".
Wind carriers may not allow this coverage written on mobile home contents-check your manual.
Wind carriers require $25,000 for Special Form on household personal property.
The applicant may specify the dollar amount of coverage applying to Coverage "C" on the A-I Dwelling. We do not
recommend that Coverage "C be reduced because of the need for adequate coverage. (Most total and partial losses reveal
that an insured is underinsured for household personal property).
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
19
GENERAL UNDERWRITING RULES
A-I PLUS DWELLING
(Deluxe Dwellings Plus and Superior A-l's)
The "A-l Plus" is designed for risks of a better class in all respects and written for not less than $125,000. This will
require careful original risk selection and continuous monitoring by the agent. The policy must also include Personal
Liability or Farm Personal Liability.
DWELLING PROPERTY COVERAGES will automatically be annually updated based on changing dwelling
construction cost factors. A statement to this effect is contained in the application and the application must be signed
by the applicant. The dwelling must be insured to 100% of Replacement Cost. It is important for the Agency to
monitor this requirement.
COVERAGES:
The "A-l Plus" provides and includes the same property coverages as the Standard A-I, plus the following:
1. Covers the dwelling, household personal property and increase in living costs against risk of direct
physical loss unless the loss is excluded. The Township Mutual provides the Broad Perils, (except
windstorm and hail) and Wind Company provides the other risks of direct physical loss unless the loss is
excluded.
2. Provides expanded coverage replacement cost to the dwelling (not to exceed 125% of the limit of
insurance shown on the declarations for Coverage "A".
3. Replacement Value and Special Form coverage on household personal property are automatic on the "A-l
Plus".
4. Household personal property is covered at 80% of Coverage "A" Dwelling amount. Increase in living
costs is covered for actual loss sustained in 12 months.
5. Up to $1,000 Added Perils for Refrigerated Food Products coverage is automatically included. This
provides coverage for refrigerated food loss due to interruption of electrical service or by mechanical or
electrical breakdown of the refrigeration system._
STANDARD LIMITS OF INSURANCE
The following are the Standard Limits of Insurance under the A-I Plus:
Coverages:
Limits of Insurance
"A"
"C"
"D"
"L"
"M"
$150,000
80% of limit on dwelling
Actual loss sustained in 12 months
$100,000 each occurrence
$1,000 each person
-
Dwelling (Minimum Amount)
Household Personal Property
Increase in Living Costs
Personal Liability
Medical Payments to Other
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
20
GENERAL UNDERWRITING RULES
A-I PLUS (continued)
ELIGIBILITY AND UNDERWRITING REQUIREMENTS:
1. A completed A -1 Plus application must be submitted along with a recent photo.
2. Only 1 family owner-occupied dwellings used for private residential purposes and with no more than 2
boarders or roomers are eligible.
3. A "A-1 Plus" policy may be issued to cover a dwelling in the course of construction provided the policy
is issued only in the name of the intended owner occupant of the dwelling.
4. The limit on the dwelling must not be less than $150,000.
5. The policy must include personal liability or farm personal liability.
6. The dwelling must be insured for 100% of current replacement cost. Household personal property will
also be on a replacement cost basis and cannot be written for less than 80% of Coverage "A" - Dwelling.
7. Maximum limit available for a dwelling is $750,000.
8. The" A-I Plus" has been designed for dwellings built after 1965. Dwellings which meet all four of the
following requirements shall also be considered eligible:
a. Electrical service must have been completely upgraded within the last 30 years, including new
wiring, new receptacles, new circuit boxes and conduit in exposed areas. Such upgrading shall have
been inspected by a building inspector who certifies that the work meets all state and local codes.
b. Plumbing must have been completely upgraded within the last 30 years, including new pipes.
c. Heating System (furnace) must have been replaced within the last 30 years.
d. Shingles must have been replaced within the last 20 years. (Roof surfaces that are 15 years old or
older may not be insured for replacement cost coverage).
Dwellings built in or after 1965 will be considered if they meet all 4 of the above requirements. Once
written on the "A-1 Plus", renewals under this plan will be considered for dwellings exceeding the
above requirements age limits subject to proper maintenance, updating and good loss experience.
9. The roof needs to have been reshingled in the last 20 years.
10. Dwellings are not acceptable if they have older wood shingle roofs or if they have asbestos slate roofs or
siding.
11. A smoke detector should be installed on each level. For dwellings with 3 levels, a minimum requirement
is that smoke detectors be placed on at least 2 levels.
12. An addition to or remodeling of a covered dwelling which increases its value by 5% or more must be
reported within 30 days of completion.
13. Seasonal dwellings are not eligible on the "A-l Plus" and are to be written only on the A-2 Policy.
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
21
GENERAL UNDERWRITING RULES
A-I PLUS (continued)
ELIGIBWTY AND UNDERWRITING REQUIREMENTS (continued):
14. Dwellings and other structures with any type of woodburning or corn burning equipment are not
acceptable.
15. Farm Personal Liability is required when:
a. There are more than 40 acres;
b. The insured has farming operations; or
c. There are horses or other livestock.
16. The following is a list of A-I risks not eligible to be written or bound under the "A-l Plus".
a. Property that is in generally average or below average physical condition. The "A-l Plus" is
designed for risks that are superior in all respects. This will require careful original risk selection
and continuous monitoring by the agent.
b. Risks which have sustained 2 or more losses during the past 3 year period.
c. Dwelling risks which were not originally designed for dwelling purposes. (e.g., a mercantile
building converted to a dwelling).
d. TRAILER HOMES, MOBILE HOMES, DOUBLE WIDE MOBILE HOMES, CONVERTED
MOBILE HOMES OR HOUSE TRAILERS, whether permanently located with attached leans or
not. THESE ARE SPECIFICALLY EXCLUDED FOR "A-l PLUS" COVERAGE.
e. Dwellings without a central heating system (other than all-electric homes).
f.
Unusual risks including basement homes, log homes, earth homes, dome homes, and homes with
flat roofs.
g. Risks where insureds have a history of financial instability within the last 5 years.
h. Risks with wild animals or pets that show aggressive or vicious tendencies.
i.
Risks with Dobernans, Rottweillers, Pit Bulls (including, but not limited to, American Pit Bull
Terriers, American Staffordshire Bull Terriers, or Staffordshire Bull Terriers), Chows, or dogs with
aggressive tendencies should not be submitted.
j.
Do not submit risks with trampolines or swimming pools, unless prior approval has been received
from an underwriter.
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
22
GENERAL UNDERWRITING RULES
HOBBY FARM PROGRAM
This program is for property that does not qualify for a homeowners policy because of number of outbuildings, size
of outbuildings, acreage, farming operations etc.
The Hobby Farm policy will use North Branch Mutual Homeowner package rate for the dwelling for the fire
premium only. The outbuilding rate and class E rate will be .20 a hundred for the fire premium. The wind company
will use the farm package rate for the dwelling, outbuildings and class E.
The commission rate for fire company & wind company will be the farm package commission rate.
ELIGIBILITY:
•
•
•
•
•
•
Property must be owner occupied.
Property must have EXCEPTIONAL maintenance interior and exterior of dwelling and outbuildings.
Property owners must have employment other than farming or be retired.
Scheduled farm personal property cannot exceed $75,000.
Farm income cannot exceed 25% of household income.
For risks with more than 4 horses, contact liability carrier before binding coverage.
UNELIGIBLE:
•
•
•
•
•
•
•
•
•
Non-owner occupied property.
Rental property.
Seasonal property.
Vacant or unoccupied property.
Property that does not have EXCEPTIONAL maintenance interior and exterior of dwelling and out
buildings.
A-2 Dwellings.
Mobile Homes.
No Class F Unscheduled Farm Personal Property available.
No Class G-3 outbuildings.
The acceptance of an application for a Hobby Farm policy is at the discretion of the mutual's underwriter.
HOBBY FARM REQUIREMENTS:
• Dwellings must be insured for a minimum of $80,000, 60% of dwelling coverage on personal property and
20% of dwelling coverage on additional living.
• Only G-1 and G-2 outbuildings.
• G-1 minimum $10,000
• G-2 minimum $5,000
• Homeowner Package Policy requirements generally applies for dwelling.
• Farm Package Policy requirements generally applies for outbuildings and Class E.
• A $40.00 woodburning & corn burning charge for all woodburning & corn burning.
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
23
GENERAL UNDERWRITING RULES
COVERAGE E: UNDERWRITING
SCHEDULED FARM PERSONAL PROPERTY
• All livestock must be insured. There is an 80% coinsurance clause on livestock, and it will be enforced.
• The limit of livestock specifically insured (over the policy limit of $2,500) is 4,000 per head. This amount
of coverage must be accompanied by identification numbers.
• All farm locations must be noted on the application or by endorsement as the pro-rata distribution clause is
in effect.
• All "other insurance" must be noted on the application; financed farm equipment must show the finance
company.
• All leased, rented, or borrowed farm machinery vehicles and equipment will be insured in Class E, and
must have supporting coverage. Six months earned premium will be charged as minimum. No special form
coverage will be provided.
• The line item "Miscellaneous Tools and Equipment" has 10% limitation for any single item. The maximum
amount we will allow in this category is $3,000.
• All farm machinery must be insured to 100% of its actual cash value. All farm machinery must be
identified as to it's year, model, and make.
• All horses and horse tack will be insured in Coverage E.
• A fire extinguisher should be mounted on self-propelled combines, swathers and any tractors with cabs. It
is strongly recommended that all tractors have a mounted fire extinguisher.
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
24
GENERAL UNDERWRITING RULES
COVERAGE F: UNDERWRITING
UNSCHEDULED FARM PERSONAL PROPERTY
The minimum amount allowed on Unscheduled Farm Personal Property is $25,000. No installed or attached
equipment can be insured under Coverage F.
When making a change to Coverage F, you must submit a revised inventory or note the items changed by the
revision.
No licensed or recreational vehicles can be written in Coverage F. No farm computers may be insured under
this coverage.
• Limit of Livestock insured under Coverage is $2,500.
• Insured must sign the coinsurance agreement.
• A fire extinguisher should be mounted on all self-propelled combines, swathers, and any tractor with cabs.
It is strongly recommended that all tractors have a mounted fire extinguisher.
• Update the values with the insured annually.
• Allowable exclusions.
1. Property Excluded by the Coverage.
2. Property specifically covered elsewhere.
• No installed or attached equipment is insured under the Unscheduled Farm Personal Property.
• No portable buildings/structures or portable grain dryers are insured under Coverage F.
• Rabies is not a covered loss with the peril of attack by wild animals.
• Insurance must be written to 100% of actual cash value at time of inventory.
• Losses are settled on an actual cash value basis.
• No ATV's, snowmobiles, or other recreational vehicles may be insured under this coverage.
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
25
GENERAL UNDERWRITING RULES
COVERAGE G: UNDERWRITING
FARM BARNS, BURDINGS, STRUCTURES, AND OUTBURDINGS
GENERAL INFORMATION:
It is not permissible to insure only outbuildings without prior acceptance of risk from the Home Office.
Outbuildings with wood heat are acceptable only when wood heat is installed and protected with same underwriting that
applies to Class A Property.
Fuel tanks are not permitted inside of any building. Fuel storage tanks should be 50 feet from a building.
Outbuildings with an electric fencer located in or attached to the outside are not to be insured. The electric fencer should be
mounted 10 feet away from any building.
Buildings with a welder must have a Fire Extinguisher mounted permanently inside.
There is no minimum required on any outbuilding.
All outbuildings must show reasonable care and maintenance.
All outbuildings must be insured for their present usage.
All outbuildings must represent financial value to the insured.
Any outbuildings insured for dog kennels, mink and bees are not insurable. With the exception of pole buildings, all
buildings must be anchored to permanent, continuous foundations.
No outbuilding used for commercial or business use is insurable.
No portable buildings can be insured under Coverage G.
Portable buildings are insured in Class H.
Silos not in use should not be insured.
Hoop buildings are generally acceptable risks in G-2. All other hoop buildings are insured in G-3 and their tarps are
excluded from coverage.
All Vacant, Idle or unoccupied outbuildings should be insured with the LIMITED FORM AND OPTIONAL
COVERAGE "X".
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
26
GENERAL UNDERWRITING RULES
COVERAGE G: UNDERWRITING
FARM BARNS, BUILDINGS, STRUCTURES, AND OUTBUILDINGS
G-l UNDERWRITING RULES:
• Must be a superior building in excellent repair.
• Must be less than 20 years old or otherwise special consideration must be given. This applies to roofs of
buildings as well.
• Must be insured for at least 90% of replacement cost using a MAFMIC Guide.
• Replacement cost covers fixtures and equipment permanently installed within the building. These items must
be included when calculating the total replacement cost of the building.
• Buildings must be used for their intended purpose.
• At renewal time of the policy, each G-l building must be reviewed. If the building no longer meets all the
above criteria, it must be moved to a different class.
• Farm site must be owner occupied.
• Metal buildings only except private garages.
G-2 UNDERWRITING RULES:
• Must be in good repair and meet general underwriting.
• Must be insured at a minimum of 50% of replacement cost.
G-3 UNDERWRITING RULES:
• Must be in average condition and meet general underwriting.
• Must be insured at a minimum of 25% of replacement cost.
• Standard building class for all frame buildings built before 1960 and two-story barns.
• WE DO NOT ALLOW SATELLITE ANTENNAS IN THIS CLASSIFICATION.
• Any building having only utility value can be insured at a maximum of G-3 Class. It will not qualify for G-l
or G-2. Must have a form X endorsement.
• Buildings must be structurally sound.
• Hoop buildings are insured in G-3 with the exception of those listed. Tarps are excluded.
• Buildings in this class will be insured with the Deferred Loss (Form X) endorsement.
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
27
GENERAL UNDERWRITING RULES
COVERAGE H: SPECIAL HAZARD CLASS
Outbuildings less than 25% of replacement cost are insured in this class.
Building in this class will be insured with the Deferred Loss Endorsement (Form X).
Portable buildings and irrigation booms are insured in Class H.
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
28
PERILS INSURED AGAINST
PERIL
LIMITED
BASIC
BROAD
Fire
X
X
X
Lightning
X
X
X
Riot
X
X
X
Civil Commotion
X
X
X
Aircraft
X
X
X
Vehicles
X
X
X
______________________________________________________________________________________
Sudden / Accidental Smoke
X
X
X
Vandalism / Malicious Mischief
X
X
Theft
X
X
*Glass Breakage
X
X
______________________________________________________________________________________
*Falling Objects
X
*Weight of Ice, Snow, Sleet
X
*Collapse / Residence
X
*Accidental Tearing, Burning, Bulging
X
*Freezing of System
X
* Accidental Damage Electrical Currents
X
______________________________________________________________________________________
**Collision / Overturn
X
**Livestock Perils
X
Electrocution
X
Accidental Shooting
X
Drowning
X
Attack / Wild Animals
X
*Applies to Dwellings, Household Personal Property and Additional Expense Only
**Applies to Farm Personal Property ONLY
(Special Form can only be written when the fire policy is packaged with a statewide mutual and when the insured
has purchased Broad Form Coverage).
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
29
NORTH BRANCH MUTUAL INSURANCE COMPANY
PRINCIPAL PROPERTY COVERAGES
Dwelling/Residence
Coverage A
Other Structures (Homeowner Only)
Coverage B
Household Personal Property
Coverage C
Increase in Living Expense
Coverage D
Scheduled Farm Personal Property
Coverage E
Unscheduled Farm Personal Property
Coverage F
Farm Barns, Buildings, Structures
And Outbuildings
Coverage G
DEDUCTIBLE OPTIONS
$250.00 Deductible
1.25 Surcharge
$500.00 Deductible
1.10 Surcharge
$1000.00 Deductible
Base
$2500.00 Deductible
10% Credit
$5000.00 Deductible
20% Credit
No full coverage policy is available. You may purchase a different deductible on an optional coverage. The
separate deductible will be shown on the optional coverage on your declarations page as applying to that optional
coverage only.
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
30
A-I FARM PACKAGE RATES
(Deluxe Dwellings and Farm Partners)
INCLUDES
- DWELLING ($60,000 Min.) - 60% HOUSEHOLD PERSONALPROPERIY and 20% INCREASE IN LlVING
COSTS
EXCLUDES
- ANY PERSONAL LIABILITY OR FARM PERSONAL LIABILITY - REFER TO PERSONAL LIABILITY OR
FARM PERSONAL LIABllJ1Y RATE SCHEDULE (See Personal and Premises Liability Manual)
REQUIRES
- REPLACEMENT COST COVERAGE ON DWELLING
(Coverage to 90% of Replacement Cost - Attach computation to application)
$1,000 DEDUCTIBLE
Coverage
A
60,000
65,000
70,000
75,000
80,000
85,000
90,000
95,000
100,000
105,000
110,000
115,000
120,000
125,000
130,000
135,000
140,000
145,000
150,000
155,000
160,000
165,000
170,000
175,000
180,000
185,000
190,000
195,000
200,000
210,000
220,000
230,000
240,000
250,000
260,000
270,000
280,000
290,000
300,000
310,000
320,000
330,000
340,000
350,000
360,000
370,000
380,000
390,000
400,000
Each Add’l
$5,000
BASIC - Dwelling
BASIC - Personal Property
TWP Mutual
161
175
188
202
217
231
245
259
274
287
301
316
330
344
360
375
391
406
421
435
449
463
477
491
505
519
533
547
561
589
617
645
673
694
708
722
736
750
760
788
816
844
872
900
928
956
984
1012
1040
BROAD - Dwelling
BROAD - Personal Property
TWP Mutual
174
189
205
219
235
251
266
281
297
312
327
343
359
374
392
409
427
444
462
470
478
486
494
502
510
526
542
558
574
604
634
666
690
706
720
730
740
750
760
792
824
856
888
920
952
984
1016
1048
1080
SPECIAL - Dwelling
BROAD - Personal Property
TWP Mutual
174
189
205
219
235
251
266
281
297
312
327
343
359
374
392
409
427
444
462
470
478
486
494
502
510
526
542
558
574
604
634
666
690
706
720
730
740
750
760
792
824
856
888
920
952
984
1016
1048
1080
14
16
16
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
31
A-I PLUS FARM PACKAGE RATES
(Deluxe Dwelling Plus and Superior A-l's)
INCLUDES -
DWELLING ($150,000 Min.) - 80% HOUSEHOLD PERSONAL PROPERTY and 20% INCREASE
IN LIVING COSTS - Actual Loss Sustained in 12 months
EXCLUDES -
ANY PERSONAL LIABILITY OR FARM PERSONAL LIABILITY - REFER TO PERSONAL
LIABILITY OR FARM PERSONAL LIABILITY RATE SCHEDULE
(See Personal and Premises Liability Manual)
REQUIRES -
REPLACEMENT COST COVERAGE ON DWELLING
(Coverage to 90% of Replacement Cost - Attach computation to application)
$1,000 DEDUCTIBLE
Coverage
A
SPECIAL - Dwelling
SPECIAL - Personal Property
TWP Mutual
150,000
155,000
160,000
165,000
170,000
175,000
180,000
185,000
190,000
195,000
200,000
205,000
210,000
215,000
220,000
225,000
230,000
235,000
240,000
245,000
250,000
255,000
260,000
265,000
270,000
275,000
280,000
285,000
290,000
295,000
300,000
305,000
310,000
315,000
320,000
468
484
501
517
534
550
567
583
600
616
633
641
649
657
666
674
682
690
699
707
715
720
725
730
735
740
745
750
755
760
765
770
775
780
785
SPECIAL - Dwelling
Coverage
A
SPECIAL - Personal Property
TWP Mutual
325,000
330,000
335,000
340,000
345,000
790
795
800
805
810
350,000
815
355,000
360,000
365,000
370,000
820
825
830
835
375,000
840
380,000
385,000
390,000
395,000
845
850
855
860
400,000
865
405,000
410,000
415,000
420,000
870
875
880
885
425,000
890
430,000
435,000
440,000
445,000
895
900
905
910
450,000
915
455,000
460,000
465,000
470,000
920
925
930
935
475,000
940
480,000
485,000
490,000
495,000
945
950
955
960
500,000
965
Each Add'l
$5,000 Add
5
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
32
HOBBY FARM PROGRAM RATES
FOR OWNER/OCCUPIED HOMES
INCLUDES - DWELLING ($80,000 Min.) - 60% HOUSEHOLD PERSONAL PROPERTY and 20% INCREASE IN LIVING COSTS
EXCLUDES - ANY PERSONAL LIABILITY OR FARM PERSONAL LlABILITY - REFER TO PERSONAL LlABILITY OR
FARM PERSONAL LlABILITY RATE SCHEDULE (See Personal and Premises Liability Manual)
REQUIRES - REPLACEMENT COST COVERAGE ON DWELLING
(Coverage to 90% of Replacement Cost - Attach computation to application)
$1,000 DEDUCTIBLE
Coverage A
Dwelling
80,000
90,000
100,000
110,000
120,000
130,000
140,000
150,000
160,000
170,000
180,000
190,000
200,000
210,000
220,000
230,000
240,000
250,000
260,000
270,000
280,000
290,000
300,000
310,000
320,000
330,000
340,000
350,000
360,000
370,000
380,000
390,000
400,000
410,000
420,000
430,000
440,000
450,000
460,000
470,000
480,000
490,000
500,000
Each add'l
$5000 Add
BROAD - Dwelling
TWP
Mutual
SPECIAL - Dwelling
TWP
Mutual
164
178
199
223
244
263
282
306
320
341
357
375
392
412
432
452
472
502
502
522
543
562
572
592
617
632
650
670
690
717
742
759
782
802
822
842
862
882
902
922
942
962
982
164
178
199
223
244
263
282
306
320
341
357
375
392
412
432
452
472
502
502
522
543
562
572
592
617
632
650
670
690
717
742
759
782
802
822
842
862
882
902
922
942
962
982
10
10
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
33
HOBBY FARM PLUS PROGRAM RATES
FOR OWNER / OCCUPIED HOMES
INCLUDES
- DWELLING ($150,000 Min.) - 80% HOUSEHOLD PERSONAL PROPERTY and INCREASE IN LIVING COSTS
Actual loss sustained in 12 months
EXCLUDES
- ANY PERSONAL IJABHJTY OR FARM PERSONAL IJABIUTY -REFER TO PERSONALUABIUTY
OR FARM PERSONAL IJABILITY RATE SCHEDULE (See Personal and Premises Liability Manual)
REQUIRES
- REPLACEMENT COST COVERAGE ON DWELLING
(Coverage to 100% of Replacement Cost - Attach computation to application).
$1,000 DEDUCTIBLE
Coverage A
Dwelling
150,000
155,000
160,000
165,000
170,000
175,000
180,000
185,000
190,000
195,000
200,000
205,000
210,000
215,000
220,000
225,000
230,000
235,000
240,000
245,000
250,000
255,000
260,000
265,000
270,000
275,000
280,000
285,000
290,000
295,000
300,000
305,000
310,000
315,000
320,000
325,000
330,000
SPECIAL - Dwelling
TWP
Mutual
331
339
348
359
371
378
387
397
408
416
426
430
438
447
454
462
470
479
486
494
503
509
518
527
534
542
549
558
567
573
582
593
604
615
626
637
648
Coverage A
Dwelling
335,000
340,000
345,000
350,000
355,000
360,000
365,000
370,000
375,000
380,000
385,000
390,000
395,000
400,000
405,000
410,000
415,000
420,000
425,000
430,000
435,000
440,000
445,000
450,000
455,000
460,000
465,000
470,000
475,000
480,000
485,000
490,000
495,000
500,000
SPECIAL - Dwelling
TWP
Mutual
659
670
681
692
703
714
725
736
747
758
769
780
791
802
813
824
835
846
857
868
879
890
901
912
923
934
945
956
967
978
989
1000
1011
1022
Each Add'l
$5,000 Add
13
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
34
RATES
North Branch Mutual Insurance Company
$1,000 DEDUCTIBLE RATES
RATES PER $100 OF COVERAGE
CLASS
FORM
RATE
Dwelling - Owner Occupied
Dwelling - Owner Occupied
Limited
Basic
$ .30
$ .30
Dwelling - Tenant/Seasonal
Limited ONLY
$ .50
Dwelling – Unoccupied
Limited ONLY
$ .50
Class A-I
Owner Occupied Residence
SEE STATED RATE PAGE
Class A-2 Actual Cash Value Coverage
Scheduled Dwellings, HPP, ALE
** Household personal property and additional living expense are rated same as the dwelling.
TENANT - Household Personal Property Limited
Class A-3
Class E
Class F
Limited
$ .50
MOBILE HOMES, CONTENTS, AND ADDITIONAL LIVING EXPENSE
ACTUAL CASH VALUE COVERAGE ONLY
Mobile Home - Owner Occupied
Limited
Mobile Home - Owner Occupied
Basic
$ .50
$ .50
Mobile Home - Tenant/Seasonal
$ .75
Limited
Scheduled Farm Personal Property
Includes specific coverage on Livestock, Irrigation, Equipment, Portable Grain Dryers,
Tools and Supplies
Scheduled Farm Personal Property
Limited
Scheduled Farm Personal Property
Basic
Scheduled Farm Personal Property
Broad
*ONLY WHEN IMPOSED BY UNDERWRITING
$ .30
$ .30
$ .30
Unscheduled Farm Personal Property
100% of inventoried amount
80% Coinsurance Applies
Minimum $25,000
Unscheduled Farm Personal Property
Unscheduled Farm Personal Property
Livestock Exposure
Basic
Broad
$ .15
$ .15
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
35
RATES (continued)
North Branch Mutual Insurance Company
RATES PER $100 OF COVERAGE
$1,000 DEDUCTIBLE RATES
RATE
Form and Optional Coverage will be dictated by Item Inured
$ .50
MINIMUM PREMIUM
$30.00
SEMI-ANNUAL BILLlNG FEE PER INSTALLMENT ($10.00 total)
$ 5.00
QUARTERLY BILLING FEE PER INSTALLMENT ($20.00 total)
$ 5.00
Class G-1 Farm Barns, Buildings, Structures
REPLACEMENT COST
UNLESS EXCLUDED it includes installed equipment
Basic
$ .30
Farm Barns, Buildings, Structures, and Outbuildings
Limited
$ .30
Farm Barns, Buildings, Structures, and Outbuildings
Basic
$ .30
Farm Barns, Buildings, Structures, and Outbuildings
Limited
$ .50
Farm Barns, Buildings, Structures, and Outbuildings
Basic
$ .50
Limited
$ 1.00
Class G-2 Farm Barns, Buildings, Structures and Outbuildings / Actual Cash Value
(UNLESS EXCLUDED, it includes installed equipment)
Town halls, Fairground Buildings, Community Halls and contents.
Class G-3 Farm Barns, Buildings, Structures, and Outbuildings/Actual Cash Value
(UNLESS EXCLUDED, it includes installed equipment)
Town Halls, Fairground Buildings, Community Halls and contents.
**Satellite Antenna no longer eligible this class.
Class H Special Hazards
Submersible pumps, farm buildings
that do not qualify for G-l, G-2 or G-3
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
36
RATES (continued)
North Branch Mutual Insurance Company
OPTIONAL COVERAGES
$1,000 DEDUCTIBLE RATES
OPTIONAL COVERAGE RATE
Water Backup of Sewers & Drains $1,000 Coverage $20.00
$1,000 Coverage
$5.00 for each additional $1,000 of coverage up to $10,000 maximum coverage.
$20.00
Owner Occupied-A-l Class Only
*This is not flood insurance
"6S" Debris Removal
$2,000 maximum coverage
$20.00
"6J" Replacement Cost: Class A-I
$2,000 maximum coverage
Insured less than 80% of Replacement Cost = 5% Surcharge
Insured less than 70% of Replacement Cost = 10% Surcharge
Insured less than 60% of Replacement Cost = 15% Surcharge
Insured less than 50% of Replacement Cost = 20% Surcharge
"7B" Non-Depreciation of Repairs – Farm
Personal Property
N/A
"7H" EARTHQUAKE
N/A
"7J" Theft Coverage Extension 90 Days
Construction Material 120 Days
$ 90.00 Flat
$120.00 Flat
"7N" LOSS OF INCOME
N/A
"7P" Leased, Rented, Borrowed Farm Machinery.
Vehicles, Equipment
Minimum 6 months earned premium
N/A
"J" Replacement Cost
Dwelling / Farm Barns, Buildings
INCL.
A-1, & G-1
"K" Replacement Cost - Household Personal Property
$ .10 / $100
"Q" Added Perils
Refrigerated Foods Product
INCL.
$250.00 Coverage
"R" Cab Glass/All Units
$100 Deductible
"S" Peak Season Farm Personal Property
$ 10.00 Flat
Pro-rated
"T" Farm Extra Expense / Farm Personal
$2,000 Max. Coverage
"X" Deferred Loss Payment Buildings
$ .50/$100
NO CHARGE
Additional Fire Department Fee is $5.00 for every $250 of coverage.
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
37
PACKAGED HOMEOWNER'S PROGRAM
(CDO's & HMP's)
A Homeowners policy is written jointly by North Branch Mutual Insurance Company and the Wind Company. The policy
combines Fire and Lightning, Windstorm and Hail, Additional Perils and Liability coverage all under 1 policy jacket.
Replacement Cost coverage is included for the residence and related private structures (covered under Coverages "A" &
"B").The Homeowners Program offers 2 options: Standard (Form PHI) or Homeowner (Forms PHI and PH5). The
Homeowners is designed for risks of a better class in all respects and basically for dwellings built after 1965.
The Inflation Guard Provision is required on all Homeowner policies. PROPERTY COVERAGES will automatically be
periodically updated based on changing dwelling construction cost factors. The residence must be insured to at least 90%
of Replacement Cost (100% for Preferred), the application must be completed and a photograph of the residence attached.
To be assured that the insured meets policy conditions, it is recommended that all residences be insured to 100% of
Replacement Cost. PH-256 is available if dwellings are not insured to at least 90% of replacement cost.
COVERAGES
The Packaged Homeowners policy provides property and liability coverages. The perils that apply will be indicated
for each coverage on the Declarations.
PROPERTY COVERAGES SECTION
Basic Perils. Includes the following perils:
Fire or Lightning
Windstorm and Hail
Explosion
Riot or Civil Commotion
Theft
Vehicles or Aircraft
Sudden & Accidental Damage from Smoke
Vandalism and Malicious Mischief
Glass Breakage
Sinkhole Collapse
Volcanic Action
Broad Perils. Includes all the perils of the Basic Perils and adds the following perils.
Falling Objects
Weight of Ice, Snow or Sleet
Collapse of a Building
Sudden and Accidental Tearing Apart, Burning
or Bulging of a Heating or Air Conditioning
System or Water Heater
Accidental Discharge or Overflow of Liquids or Steam
Freezing of a Plumbing, Heating or Air Conditioning
System or Domestic Appliance
Sudden and Accidental Damage from Artificially
Generated Electrical Currents
Special Form. Includes all the perils of the Basic Perils and Broad Perils. Additionally, covers risks of direct
physical loss unless the loss is excluded. This is the Wind Company coverage.
Tenant's Policy. For renters and condominium unit-owners. Covers household personal property, including the
insured's interest in building alterations and additions, and increased living costs, against loss by Broad Perils.
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
38
HOMEOWNER.PACKAGE RATES
(CDO's & HMP's)
$1,000 FLAT DEDUCTIBLE APPLICABLE (ALL PERILS)
PREMIUM INCLUDES $100,000 LIABILITY AND $1,000 MEDICAL PAYMENTS
Coverage “A”
Dwelling
BASIC - Dwelling
BASIC - Personal Property
TWP Mutual
BROAD-Dwelling
BROAD - Personal Property
TWP Mutual
SPECIAL - Dwelling
BROAD - Personal Property
TW P Mutual
40,000
50,000
60,000
70,000
80,000
90,000
100,000
110,000
120,000
130,000
140,000
150,000
160,000
170,000
180,000
190,000
200,000
210,000
220,000
230,000
240,000
250,000
260,000
270,000
280,000
290,000
300,000
310,000
320,000
330,000
340,000
250,000
360,000
370,000
380,000
390,000
400,000
410,000
420,000
430,000
440,000
450,000
460,000
470,000
480,000
490,000
500,000
100
120
131
140
152
165
185
207
226
243
260
283
295
315
329
346
361
381
401
421
441
461
481
491
511
531
551
571
591
611
631
651
671
691
711
731
751
771
791
811
831
851
871
891
911
931
951
-130
141
151
164
178
199
223
244
263
282
306
320
341
357
375
392
412
432
452
472
492
502
522
543
562
572
592
617
632
650
670
690
717
732
759
782
802
822
842
862
882
902
922
942
962
982
--141
, 151
164
178
199
223
244
263
282
306
320
341
357
375
392
412
432
452
472
492
502
522
543
562
572
592
617
632
650
610
690
717
732
759
782
802
822
842
862
882
902
922
942
962
982
East Add’l
$5,000 Add
10
10
10
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
39
PREFERRED HOMEOWNER PACKAGE POLICIES
(Classic's & Preferred's)
$1.-00 FLAT DEDUCTIBLE APPLICABLE (ALL PERILS)
PREMIUM INCLUDES $100,000 LIABILITY AND $1,000 MEDICAL PAYMENTS
SPECIAL - DWELLING
SPECIAL - PERSONAL PROPERTY
Coverage "A"
Dwelling
150,000
155,000
160,000
165,000
170,000
175,000
180,000
185,000
190,000
195,000
200,000
205,000
210,000
215,000
220,000
225,000
230,000
235,000
240,000
245,000
250,000
255,000
260,000
265,000
270,000
275,000
280,000
285,000
290,000
295,000
300,000
305,000
310,000
315,000
320,000
325,000
330,000
335,000
340,000
345,000
350,000
355,000
360,000
365,000
370,000
375,000
TWP Coverage
Mutual
Coverage "A"
Dwelling
385,000
390,000
395,000
400,000
405,000
410,000
415,000
420,000
425,000
430,000
435,000
440,000
445,000
450,000
455,000
460,000
465,000
470,000
475,000
480,000
485,000
490,000
595,000
500,000
505,000
510,000
515,000
520,000
525,000
530,000
535,000
540,000
545,000
550,000
555,000
560,000
565,000
570,000
575,000
580,000
585,000
590,000
595,000
600,000
Each Add'l
$5,000 Add
331
339
348
359
371
378
387
397
408
416
426
430
438
447
454
462
470
479
486
494
503
509
518
527
534
542
549
558
567
573
582
593
604
615
626
637
648
659
670
681
692
703
714
725
736
747
TWP Coverage
Mutual
769
780
791
802
813
824
835
846
857
868
879
890
901
912
923
934
945
956
967
978
989
1,000
1,011
1,022
1,033
1,044
1,055
1,066
1,077
1,088
1,099
1,110
1,121
1,132
1,143
1,154
1,165
1,175
1,187
1,198
1,209
1,220
1,231
1,242
13
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
40
RATE PAGES
TENANT'S - CONTENTS BROAD FORM
(For Renters and Condominium Unit-Owners)
PREMIUM INCLUDES $100,000 UABILITY AND $1,000 MEDICAL PAYMENTS
The rates shown below apply to contents in a rental unit that are located in a dwelling/condo or any size apartment
building. If there is a commercial exposure in the same building as the rental unit, apply the modification factor of
1.35 times the premium shown below.
For Condominiums Not Rented to Others, Decrease Base Premium by 10%.
BROAD-PERSONALPROPERTY
Coverage "C"
Amount
TWP
Coverage "C"
Amount
Mutual
TWP
Mutual
8,000
30
33,000
67
9,000
30
34,000
69
10,000
30
35,000
71
11,000
33
36,000
73
12,000
34
37,000
75
13,000
35
38,000
77
14,000
35
39,000
79
15,000
36
40,000
81
16,000
36
41,000
83
17,000
36
42,000
85
18,000
38
43,000
87
19,000
38
44,000
89
20,000
40
45,000
91
21,000
42
46,000
93
22,000
44
47,000
95
23,000
46
48,000
97
24,000
48
49,000
99
25,000
51
50,000
101
26,000
53
55,000
107
27,000
55
60,000
112
28,000
57
65,000
117
29,000
59
70,000
122
30,000
62
75,000
127
31,000
63
Each Add’l
32,000
65
$5,000 Add
5
_________________________________________________________________________________________________________________
North Branch Mutual Insurance Company
Oct 5, 2012
41