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Announcement - Agri-Pak & Homeowners Rate Change

7/15/2021

 
Effective September 1, 2021, for both new business and renewals for these two lines of business, there will be a +3% change for most property and liability rates.

The updated manuals that contain the changes can be found here for Agri-Pak and  here  for Homeowners.

Note, this is the first rate increase we have taken on the Agri-Pak and Homeowners lines since December 2014 and June 2016, respectively.

Also, beginning with September 1, 2021 renewals for both lines, the inflationary adjustment to Coverage A on dwellings with replacement cost coverage will be changed from 4% to 6% at renewal. This is due to the upward pressure on building material costs as well as the increased cost of labor. This will be monitored and will be changed if/when these costs return to normal.

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  • Home
  • BriteCore
    • About BriteCore
    • Help Videos >
      • Basics Videos
      • Quoting Submitting New Business Videos >
        • All Lines Videos
        • Agri-Pak Rating Tab Videos
        • Homeowners Rating Tab Videos
        • Dwelling Property Rating Tab Videos
        • Businessowners Rating Tab Videos
        • Inland Marine Rating Tab Videos
      • Existing Policies Videos
      • Claims Videos
      • Policyholder Online & Mobile App
    • Frequently Asked Questions (FAQ) >
      • Basics FAQ
      • Quoting Submitting New Business FAQ >
        • All Lines FAQ
        • Agri-Pak Rating Tab FAQ
        • Homeowners Rating Tab FAQ
        • Dwelling Property Rating Tab FAQ
        • Businessowners Rating Tab FAQ
        • Inland Marine Rating Tab FAQ
      • Existing Policies FAQ
      • Claims FAQ
  • Manuals, Forms, Endorsements
    • General
    • Agri-Pak
    • Homeowners
    • Dwelling Property
    • Businessowners
    • Inland Marine
  • Announcements