American Reliable Insurance Company
Washington Changes
American Reliable/American Bankers has made changes to the current American Reliable Insurance Company Manufactured Home Program that will go into effect 05/15/2014 for new and renewal business. This bulletin will outline most of the changes. You may also want to review the Washington Manufactured Home Program i-Reli Manual, if you do not have one please let us know and we can email you one.
The following program changes have been made:
Washington Changes
American Reliable/American Bankers has made changes to the current American Reliable Insurance Company Manufactured Home Program that will go into effect 05/15/2014 for new and renewal business. This bulletin will outline most of the changes. You may also want to review the Washington Manufactured Home Program i-Reli Manual, if you do not have one please let us know and we can email you one.
The following program changes have been made:
- An over-all +5.0% rate increase has been implemented.
- Insurance score has been implemented as a rating variable. We have replaced all our current manufactured home base policies with our newer updated policy forms.
- A notice to policyholder will be sent with all renewals describing the form changes.
- Inspection Fee of $15 will be applicable to all new risks over 20 years old.
- Preferred (package) program will now accept secondary occupied risks.
- Preferred (package) program eligibility requirements have been updated to accept risks with no losses in the past 60 months.
- $1,000 of Identity Fraud Coverage (primary occupied risks only), Builders Risk and Ordinance or Law coverage have been added to the Preferred (packaged), Special and Special By-Line (unpackaged) programs as included coverages.
- Enhancement coverage have been added to the Special (package) program as an included coverage.
- Replacement Cost and Full Repair Cost loss settlements will now be available in the All Purpose (light commercial/rental) program for homes built within the last 30 years.
- Water back up and Sump Discharge or Overflow, Farm Structures or Livestock Structures has been added as an optional coverage to the program.
- Freezing coverage has been added as an optional coverage to the All Purpose (light commercial/rental) program.
- 10% No Prior Insurance Surcharge has been added to the program and will apply to applicants who are not currently insured.
- Optional Roof Exclusion and Livestock Exclusions have been added to the program.
- iReli has been updated to remove coverage screen refreshes to create faster and more efficient Application process.
- Replacement Cost Estimator is now available as an optional feature during the iReli Quick Quote process.
- A Summary Application Button has been added which will provide a printed copy of the completed iReli Application.
