Changes Effective 4/1/2024

​For new and renewal policies effective April 1, 2024 and after, for the Agri-Pak, Homeowners, and Dwelling Property lines of business, the Windstorm or Hail minimum deductible on a policy will be based on the Coverage A - Dwelling limit. See the below table.

Note that premium discounts will be applied for the higher deductible amounts.

Coverage A Limit                                            Minimum WH Deductible
Less than or equal to $199,999                                   $1,500
$200,000 - $299,999                                                     $2,000
$300,000 - $399,999                                                     $2,500
Greater than or equal to $400,000                             $5,000

If the Windstorm or Hail deductible on an existing policy is already equal to or greater than the above minimums, the deductible will not be changed.

​For new and renewal policies effective April 1, 2024 and after, the following changes are being implemented for the Agri-Pak line of business:

• An 11% rate increase on all property and liability rates.
• The inflationary adjustment at renewal for dwellings and outbuildings with a replacement cost loss settlement will be changed from 8% to 7%.
• The inflationary adjustment at renewal for dwellings and outbuildings with an actual cash value loss settlement will be changed from 6% to 5%.

For new and renewal policies effective April 1, 2024 and after, the following changes are being implemented for the Homeowners line of business:

• A 10% rate increase on all property rates.
• The inflationary adjustment at renewal for dwellings and outbuildings with a replacement cost loss settlement will be changed from 8% to 7%.
• The inflationary adjustment at renewal for dwellings and outbuildings with an actual cash value loss settlement will be changed from 6% to 5%.
• A cosmetic damage limitation for metal and vinyl roofing and metal and vinyl siding is being implemented. This applies to dwellings and outbuildings. The limit will be 20% of the replacement cost of the damaged area for coverage forms HO-2 and HO-3 and 10% of the replacement cost of the damaged area for coverage form HO-8. See page 3 of the HOBFM-200 Amendatory Endorsement form for further information.

​The new version of the HOBFM-200 Amendatory Endorsement form will be sent to existing policyholders at the next policy renewal on or after April 1, 2024.

For new and renewal policies effective April 1, 2024 and after, the following changes are being implemented for the Dwelling Property line of business:

• A 5% rate increase on all property rates.
• The inflationary adjustment at renewal for dwellings and outbuildings with a replacement cost loss settlement will be changed from 8% to 7%.
• The inflationary adjustment at renewal for dwellings and outbuildings with an actual cash value loss settlement will be changed from 6% to 5%.
• A cosmetic damage limitation for metal and vinyl roofing and metal and vinyl siding is being implemented. This applies to dwellings and outbuildings. The limit will be either 10% or 20% of the replacement cost of the damaged area depending on the loss settlement type. See the new BFM 0503 - Roof & Siding Cosmetic Damage Amendment form for further information.

​The new version of the BFM 0503 - Roof & Siding Cosmetic Damage Amendment form will be sent to existing policyholders at the next policy renewal on or after April 1, 2024.

For new and renewal policies effective April 1, 2024 and after, the following changes are being implemented for the Businessowners line of business:

• The inflationary adjustment at renewal for buildings will be changed from 6% to 5%.

Coming Soon!
Home Systems Protection coverage, Service Line coverage, and Farm Equipment Breakdown coverage for select lines of business.
Our goal is to have these available by June 2024.
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