Pioneer State Mutual Insurance Company Underwriting Information Homeowners Quick Reference Guide MOST RECENT CHANGES HIGHLIGHTED IN YELLOW Ineligible Risks Dwellings that are currently vacant/unoccupied Roofs that present a significant increase of loss (due to condition and deterioration) Poor housekeeping (trash, clutter, debris, high grass or weeds) Unfenced inground pools; above ground pools require a locking gate or removable ladder Broken sidewalks (along with sagging or unsupported steps) Poorly maintained gutters, downspouts, chimneys, or retaining walls Dogs with a vicious history Accessible ponds (recreational use) or unfenced trampolines (lacking a safety netting) Dwellings lacking a central heating system (wall furnaces are not considered central heat) Dwellings with a flat roof (or inadequate pitch) are ineligible for a special form HO-3 Detached structures with business use or solid fuel-burning devices (HUD approved) manufactured dwellings are ineligible for a Homeowners policy HO-4 (Contents) policies in conjunction with mobile home construction Dwellings with vegetation growing on or into the structure/gutters (ivy, etc.) Dwellings with fuses, less than 100 amps of service, or galvanized plumbing Risks with ATVs or golf carts licensed for road usage Endorsements Code Endorsement Cost Deductible HO-425 Back-up of Sewers & Drains Varies by Coverage $250 FDSC Fire Department Service Charge $2 per $100 n/a HO-11 Residence Glass $15 flat n/a HO-ERC-1 Extended Replacement Cost 4% of base ($40 minimum) n/a HO-490 Personal Property RC 3% of base ($30 minimum) n/a HO-ORD Ordinance or Law (None Included) Varies by Percentage n/a HO-448 Other Structure Coverage $2 per $1000 n/a HO-2389 Repair Cost Homeowners Varies by Percentage n/a HO 15 Special Personal Property Coverage Base Premium + 5% n/a
Endorsements (continued) Code Endorsement Cost Deductible HO ADV Pioneer Advantage Endorsement $75 flat Extra $250 in Refrigerated Products $500 additional Fire Dep. Service Charge Coverage Back-up of Sewers & Drains coverage up to $5,000 $250 Ordinance or Law (10%) Identity Theft Expense Coverage up to $20,000 $250 EQ BRDN Equipment Breakdown Coverage Repair/Replace Due to Mechanical, Electrical, or Pressure Failure $500 deductible (unless policy deductible is higher) Equipment Breakdown Limit - $50,000 Perishable Goods Limit - $2,500 $9 (minimum) $500 Discounts Group Discounts Senior Discounts Other Discounts Age of Roof* % Group Member 2% Under 50 0% New Home 1% - 0 Years 10% Mortgage Free 10% 50-54 17% Construction Credit 20% 1 Years 10% Smoke Free 3% 55-59 20% 2 Years 10% Multipolicy Credit 15% (With Auto) Claim Free 12% 60-64 26% 3 Years 8% Loyalty (3-15+ years) 3% - 15% 65-69 30% 4 Years 7% Multipolicy Credit 2% (With Umbrella) 70-74 30% 5 Years 5% 75-79 32% Agency Employee 35% 6 Years 3% 80+ 36% PSM Employee 25% 7 Years 1% *See Special Notes for New Roof Discount Rules Protective Devices and Maximum Credit Fire Alarm Local 2% Central or Direct 5% Burglar Alarm Local 1% Central 5% Direct 4% Sprinkler Type A 7% Type B 5%
Surcharges Solid Fuel-Burning Devices (SFBD) Indoor Woodstoves Woodstove (Fireplace) Insert Outdoor Woodstoves Corn Stoves Pellet Stoves Units must adhere to the rules set forth on page HO-UR-3 c of the manual $125 Surcharge $125 Surcharge $100 Surcharge $40 Surcharge $40 Surcharge Dogs and Other Animals Dog Breed Surcharge % More Information: Akita Alapaha Blue Bull Dog American Bull Dog Chow For those in-force policies showing that a surcharged type of dog or animal exists on the policy, PSM will contact the agent to verify that the dog or animal still exists within the home before applying the surcharge. This surcharge will apply at renewal on existing policies (no mid-term endorsement). Doberman Mastiff Pit Bull 300% Presa Canario Rottweiler St. Frances Terrier Staffordshire Bull Terrier Tosa Inu Wolf Paid Loss Surcharge (for claims within 3 years) Number of Paid Losses Surcharge % More Information: 0-1 0% The surcharge will begin with the first policy period after the 2 150% date of the most recent loss. The surcharge will not be applicable to weather, glass, or 3 225% equipment breakdown claims. 4 250% If we insure more than one (1) location, the surcharge will apply to the primary residence only. 5 300% The surcharge will be applied to the base premium.
Insurance Score Discounts Tier Insurance Score Discount % Tier Insurance Score Discount % 20 936-950 51% 10 875-880- 31% 19 935 49% 9 870-874 29% 18 920-934 47% 8 863-869 27% 17 916-919 45% 7 855-862 25% 16 911-915 43% 6 848-854 23% 15 900-910 41% 5 839-847 21% 14 899 39% 4 826-838 19% 13 891-898 37% 3 810-825 17% 12 886-890 35% 2 781-809 15% 11 881-885 33% 1 150-780 0% Minumum Premiums Deductibles (now based at $500) HO-2 $300 $250 9% Surcharge HO-3 $300 $500 This is the base deductible HO-4 $100 $1,000-5% ($200 max) HO-6 $100 $2,500-23% ($1,100 max) Special Notes Insurance to Value and Binding Authority Form Required Insurance To Value Binding Authority HO-2/HO-3 80% of Replacement Cost $850,000 HO-4 80% of Replacement Cost $100,000 HO-6 80% of Replacement Cost $200,000 HO-2389 100% of Market Value $100,000 New Roof Discount Rules $5,000-33% ($2,000 max) Applies to Homeowners forms HO-2 and HO-3 only (no Mobile Homeowners) This is not applicable for dwellings under construction. The entire roof must be replaced The roof must be installed by a licensed contractor A detailed receipt must be submitted to Underwriting within 30 days This discount is mutually-exclusive with the New Home discount; if a Dwelling is eligible for both discounts, only the higher will apply
Special Notes (continued) Repair Cost (HO-2 or HO-3 w/ho-2389 If the market value of a dwelling is less than 50% of replacement cost, then a Repair Cost Policy must be written for 100% of the market value. Insurance Score Discounts With the new 20-tier structure, a renewal policy will be allowed to drop a maximum of three tiers. No-Scores will fall into tier 16 to receive a significant discount. No-Hits will be placed into tier 2. Protection Classes PC10 risks that are within 1,000 feet of a creditable water supply will be discounted 3.5% from the current PC10 for HO-2/3/4/6 policies. Online Manuals can be found here. The Agency Renewal Report can be used to find estimated renewal premiums approximately 60 days in advance.