Fire Marque s Clients

Transcription

1 Henry Ford - "Coming together is the beginning. Keeping together is progress. Working together is success" 1 Fire Marque s Clients Indemnification Technology will work for you too!

2 Your Property Insurance Policy Coverage Includes Fire Department Service Charges! Unlike Auto Insurance-Fire Department Charges are a Specified Coverage in Property Policies! Your Property Insurance Policy Coverage Includes Fire Department Service Charges! Unlike Auto Insurance-Fire Department Charges are a Specified Coverage in Property Policies!

3 Your Property Insurance Policy Coverage Includes Fire Department Service Charges! Unlike Auto Insurance-Fire Department Charges are a Specified Coverage in Property Policies! Your Property Insurance Policy Coverage Includes Fire Department Service Charges! Unlike Auto Insurance-Fire Department Charges are a Specified Coverage in Property Policies!

4 Your Property Insurance Policy Coverage Includes Fire Department Service Charges! Unlike Auto Insurance-Fire Department Charges are a Specified Coverage in Property Policies! Standard Incident Reporting 8

5 Fire Marque welds the various insurance company policy coverages to the various Provincial Standard Incident Reports. 9 This is called Indemnification Technology

6 Legal Definition

7 What are Some Insured Perils? Fire-all, including dumpsters, outbuildings Lightning-all lightning strikes to the structure Electricity-from the meter to inside the structure Falling Object-like a tree or a falling signs Riot-like after the Stanley Cup in Vancouver Explosions-all! Smoke-must be sudden from heating, cooling, cooking system etc. Vehicle Impact-aircraft impact as well, vehicle leaving roadway and crashing onto private property Vandalism or Malicious Actsbuilding can not be under construction HAZ-MAT-oil tank ruptures, clean ups Windstorm-tornado, hurricane, or any really strong wind! Sudden Water Escape-like steam, a sprinkler head, a pipe burst due to freezing or water from a swimming pool How does your fire department receive free funding?

8 Schedule of Fire Department Fees Attached to By- Law Why is a by-law required? Because Insurance Policy Wordings Require It! Allstate Elite Homeowner Wordings Fire Department Charges: We will reimburse you up to $5000 for fire department charges you are required to pay when a fire department attends your Dwelling because of an Insured Peril. We will not pay for charges incurred as a result of a false alarm. We do not pay for any liability claim arising from the use of the responding fire equipment or caused by the actions of any member or members of the responding fire department. This protection does not increase the amount of insurance in this policy. Any deductible specified in the Declaration page does not apply to this coverage.

9 How it works 17 The Process Fire Dept. Completes SIR Fire Marque Reviews Indemnity Stats Subrogation Trust Acct. Fire Department Allocates funds No Additional Work by Your Staff-We do the work-you receive the $$$$$! 18

10 Example $1, Policy Fire Marque Inc. Example /ACCOUNT/AP/ACTIVEAP/ACTIVEAPFH/4237 FM Invoice Date FM Invoice # Fire Marshal Report (SIR) # Description Amount Cross Account Payment Received Date Feb 13, Vol Firefighters- 43 man $24.79/hr 1, units unit MTO Rate $410/hr 10, Status Quo-Recoverable from property tax payers 11, Net Insurance recovery before HST HST Maximum Recoverable thru Insurance Policy $ 1, Insurance Co. Feb 16, 2012 Less FM apportionment Less FM apportionment of HST FM 30% Fee of file recoverable $ Fire Department apportionment Fire Department apportionment of HST Fire Department 70% Fee of file recoverable New Recoverable from property tax payers $ 11, % Savings Example $5, Policy Fire Marque Inc. Example /ACCOUNT/AP/ACTIVEAP/ACTIVEAPFH/4237 FM Invoice Date FM Invoice # Fire Marshal Report (SIR) # Description Amount Cross Account Payment Received Date Feb 13, Vol Firefighters- 43 man $24.79/hr 1, units unit MTO Rate $410/hr 10, Status Quo-Recoverable from property tax payers 11, Net Insurance recovery before HST 4, HST Maximum Recoverable thru Insurance Policy $ 5, Insurance Co. Feb 16, 2012 Less FM apportionment Less FM apportionment of HST FM 30% Fee of file recoverable $ -1, Fire Department apportionment Fire Department apportionment of HST Fire Department 70% Fee of file recoverable New Recoverable from property tax payers $ 8, % Savings

11 Example $25, Commercial Policy Fire Marque Inc. Example /ACCOUNT/AP/ACTIVEAP/ACTIVEAPFH/4237 FM Invoice Date FM Invoice # Fire Marshal Report (SIR) # Description Amount Cross Account Payment Received Date Feb 13, Vol Firefighters- 43 man $24.79/hr 1, units unit MTO Rate $410/hr 10, Status Quo-Recoverable from property tax payers 11, Net Insurance recovery before HST 11, HST 1, Maximum Recoverable thru Insurance Policy $ 13, Insurance Co. Feb 16, 2012 Less FM apportionment Less FM apportionment of HST FM 30% Fee of file recoverable $ -4, Fire Department apportionment Fire Department apportionment of HST Fire Department 70% Fee of file recoverable New Recoverable from property tax payers $ 3, % Savings Township of Muskoka Lakes 2013 Operating Budget Expenditures $11,470, Wages & Benefits (no roads) $5,497, Roads & Operations $2,153, Equip. Maintenance & Rental $272, Insurance $365, Utilities $401, Legal, Audit, Consulting $619, General Supplies & Services $419, Building Maintenance $254, Communications & IT $333, Fuel & Lubricants $54, Education & Training $154, Interest, Bank Charges, Debentures $144, Promotion & Grants $85, Write-offs $64, Memberships, Conferences $58, Postage & Tax Billing $38, Agreements $38, Mileage & Travel $21, Advestising $14, Uniforms & Clothing $13, Reserve & Capital Transfers $467,132.00

12 Township of Muskoka Lakes 2013 Operating Budget- Revenues $3,272, Non-tax Revenue $2,269, Transfer from Reserves $209, Penalities & Interest $730, Supplemental Taxes $40, Payment In Lieu of Taxes $23, Fire Department Expenditures $1,234, Summary of Expenses General Expenses $741, Bala $53, Foot's Bay $72, Glen Orchard $ Milford Bay $53, Minett $61, Port Carling $77, Raymond $5, Torrance $82, Walker's Point $7, Windermere $79,260.00

13 2013 Fire Department Budget-Revenues Exclusive of Tax Revenue $57, Medical Response Recovery $25, Agreements $20, Cost Recoveries $3, False Alarms $3, Fire Permit Fees $4, Donations $0.00 Net Tax Levy $1,177, Prevention Investigation $2, Alternate 2013 Fire Department Budget-Revenues Exclusive of Tax Revenue $67, Medical Response Recovery $25, Agreements $20, Cost Recoveries $3, False Alarms $3, Fire Permit Fees $4, Donations $0.00 Prevention Investigation $2, Indemnification Technology $9,859.00

14 Alternate 2013 Fire Department Budget-Revenues Exclusive of Tax Revenue $67, Medical Response Recovery $25, Agreements $20, How did you arrive at the revenue projection Cost Recoveries for our community $3, $9, The revenue projection for Indemnification Technology is based on the False Alarms $3, average recovery (residential, farm, commercial) per thousand population occurring annually. We know the number of insured peril SIR's per thousand population and we know Fire the Permit average Fees amount $4,300.00that we recover. We simply extrapolate the numbers. Our experience has shown the "farming centers" average is a little Donations less, $0.00 as well in the "built up" areas the average recovery is a little more. Should a tornado occur the average recovery per population would Prevention be much Investigation higher. $2, Indemnification Technology $9, District of Muskoka Revenue Model #1 Projections Comparison using same data set for all! Lake of Bays $5, Huntsville $28, Bracebridge $22, Georgian Bay $3, Gravenhurst $17, Muskoka Lakes $9,859.29

15 District of Muskoka Revenue Model #2 Projections Comparison using same data set for all! Lake of Bays $22, Huntsville $39, Bracebridge $33, Georgian Bay $27, Gravenhurst $35, Muskoka Lakes $47, Alternate 2013 Fire Department Budget-Revenues Exclusive of Tax Revenue $105, Medical Response Recovery $25, Agreements $20, Cost Recoveries $3, False Alarms $3, Fire Permit Fees $4, Donations $0.00 Prevention Investigation $2, Indemnification Technology $47,995.50

16 Revenues Stay Within the Fire Budget in 3 Areas! Capital Purchases! Revenues Stay Within the Fire Budget in 3 Areas! Public Education!

17 Revenues Stay Within the Fire Budget in 3 Areas! Personnel Training! Questions, comments, concerns? 34

18 Is an Insurance Broker an expert in selling property insurance policies? Yes! (bb) insurance agent means a person who, for compensation, (i) solicits insurance on behalf of an insurer, insured or potential insured, (ii) transmits an application for insurance from an insured or potential insured to an insurer, (iii) transmits a policy of insurance from an insurer to an insured, (iv) negotiates or offers to negotiate insurance on behalf of an insurer, insured or potential insured or the continuance or renewal of insurance on behalf of an insurer or insured, or (v) enrolls individuals in prescribed contracts of group insurance, but does not include an insurer; What is an Insurance Adjuster? Adjuster 2(1) For the purposes of this Act, adjuster means a person who, for compensation, (a) directly or indirectly solicits the right to negotiate the settlement of a loss under a contract of insurance on behalf of an insured or insurer or a reciprocal insurance exchange, or (b) negotiates the settlement of a loss under a contract of insurance on behalf of an insured or insurer or a reciprocal insurance exchange. (2) For the purposes of this Act, an adjuster does not include (a) a lawyer when practising law, (b) a trustee of property or an agent of an owner of or person having an insurable interest in property who negotiates a settlement of a loss under a contract of insurance in respect of the property, (c) an insurer, or (d) an employee of an insured who negotiates the settlement of a loss under a contract of insurance on behalf of the insured ci-5.1 s2

19 What does the Municipal Act say about User Fees? Section XII Sub-section 394 (1) Restriction, fees and charges-no fee or charge by-law shall impose a fee or charge that is based on, is in respect of or is computed by reference to, A) The income of a person, however it is earned or received, except that a municipality or local board may exempt, in whole or in part, any class of person from all or part of a fee or charge on the basis of inability to pay; Section II General Municipal Powers sub-section 14(1) Conflict between by-law and Statutes, etc. A by-law is without effect to the extent of any conflict with, A) A provincial or federal Act or a regulation made under such an Act: or B) An instrument of a legislative nature, including an order, licence or approval, made or issued under a provincial or federal Act or regulation 14(2) Same-without restricting the generality of subsection (1), there is a conflict between a by-law of a municipality and an Act, regulation or instrument described in that subsection if the by-law frustrates the purpose of the Act, regulation or instrument. Legislatures have reversed the way in which cities exercise their jurisdiction. Under Sub-Section the old scheme, 14 provides any that bylaw superior or resolution legislation had (including to be expressly an allowed by the instrument governing of statute. a legislative With the nature) natural prevails person over powers, a municipal councils by-law. are no The longer restricted Insurance to Act the of words Ontario of the supersedes statute, but any are conflict. allowed to do what logically flows from the general powers granted by the Act (except where to do so would conflict with the express wording of the statute). Will insurance rates go up as a result of the Fire Marque program? No! Property insurance underwrites the building and contents. Buildings generally remain constant. What the insurance company considers includes, for example: How close is a building to a fire hydrant or fire station? Is the building sprinklered? Out of what materials is it constructed? Is there an alarm system? Consumers are spending more on home insurance because they re buying bigger policies to cover the recent rapid rise of home values in Canada and because they have more possessions to insure. Basements, once used to store old clothes and hockey equipment, are now often finished and filled with expensive electronic equipment. The full text can be viewed at: Insurance companies have been calculating premiums to include charges for Fire Department services even though they haven t had to pay out on the coverage. Fire Marque recovers those funds. Property insurance is very different that Auto insurance.

20 Let us ask an Insurer-why do Property Insurance Premiums Increase? Will insurance rates go up as a result of the Fire Marque program? To Quote one of your Huntsville Colleagues-No Coun. Tim Withey, who is an insurance broker, said homeowners insurance rates would not go up because insurance companies incorporate such costs into their policies. Even ambulance rides aren t free, he said. I don t think this is as philosophical as you may think. It s actually something that is slipping through the cracks, the way I see it. Hospitals in Ontario typically bill patients $45 for ambulance services, unless the physician at the hospital deems the ambulance ride unnecessary. In that case, the patient may be billed $240, according to the Ministry of Health and Long-Term Care.

21 Let us ask the Insurance Bureau of Canada-why do Property Insurance Premiums Increase? Let us ask the Insurance Bureau of Canada-why do Property Insurance Premiums Increase?

22 Let us ask the Insurance Bureau of Canada-why do Property Insurance Premiums Increase? Let us ask the Insurance Bureau of Canada-why do Property Insurance Premiums Increase?

23 Let us ask the Insurance Bureau of Canada-why do Property Insurance Premiums Increase? Let us ask an Insurer-why do Property Insurance Premiums Increase?

24 Will the Fire Department Charges reduce the insurance payment? No. The Fire Department Charges are additional coverage in the policy. Should this situation change Fire Marque would not seek indemnity under the building insurance policy. Will the homeowner be required to pay a deductible? No. As it`s underwritten in the policy.

25 If the property owner pays property taxes which include Fire Department charges, why should the Fire Department charge again? The Indemnification Technology program is not an extra fee. Property owners have already bought and paid for fire service expense coverage in their existing property insurance policies. By requesting insurance companies pay those expenses, the insurance companies are being asked to honour the contractual agreement of the policy. Why Fire Marque? Indemnification Technology Works! The Proof is in our claims history!

26 Why Fire Marque? Indemnification Technology will work for you too! Why Fire Marque? Experts in INDEMNIFICATION TECHNOLOGY Toll Free# Cell#