PERSONAL UMBRELLA LIABILITY PROGRAM COVERAGE LIMIT ........................................................................................................................................... 8.2 ELIGIBILITY...................................................................................................................................................... 8.2 MINIMUM UNDERLYING REQUIREMENTS ................................................................................................... 8.2 INELIGIBLE RISKS AND EXCLUDED EXPOSURES ..................................................................................... 8.3 POLICY PERIOD .............................................................................................................................................. 8.4 PREMIUM CALCULATION AND RATES LIMIT $1,000,000 ........................................................................... 8.4 PREMIUM CALCULATION FOR $2,000,000 LIMIT ........................................................................................ 8.5
DEC 2016
GERMANTOWN MUTUAL INSURANCE COMPANY - UTAH
8.1
PERSONAL UMBRELLA LIABILITY PROGRAM UNDERWRITING AND RATING GUIDE COVERAGE LIMIT $1,000,000 - Optional $2,000,000 ELIGIBILITY 1.
Policy may be issued to an individual.
2.
Underlying Automobile Liability and Homeowners Personal Liability coverage must be written by Germantown Mutual.
3.
Motor Vehicle Reports (MVRs). New Business: MVR’s are obtained on all new business. Renewal: The Company will obtain violation data through a third party vendor. This vendor will provide violation data provided to them by state agencies responsible for accumulating such data on all drivers insured by the Company. This information is supplied to the Company four months prior to the renewal of the risk to allow sufficient time to underwrite the account.
4.
No policy may be bound by the agent without authorization from the Company. Each applicant or application must be approved by the Company prior to binding umbrella coverage.
5.
A signed personal umbrella application must be completed for all new risks. Accord applications may be used. The Personal Umbrella Renewal Questionnaire must be completed and signed every three years for the renewal of each risk.
6.
Primary coverages not written by Germantown Mutual will be written in insurance companies with a Best’s rating of “B+” or better.
MINIMUM UNDERLYING REQUIREMENTS Automobile Liability
250,000/500,000 BI and 100,000 PD
Un/Underinsured Motorists (available only in states which require this coverage on the Umbrella policy).
300,000 or 1,000,000
Personal Liability-Comprehensive Personal Liability or Liability Section of a Homeowners Policy
300,000 CSL
Recreational Vehicles (Automated mode of transportation not licensed for road use)
250,000/500,000 BI or 300,000/300,000 BI and 100,000 PD or 300,000 CSL
Watercraft Liability Note: No Personal Umbrella Coverage is available for any watercraft greater than 50 feet in length or any Watercraft requiring a crew.
300,000 CSL
Rental Dwellings (1 to 4 Family only)
300,000 CSL
8.2
GERMANTOWN MUTUAL INSURANCE COMPANY - UTAH
DEC 2016
Employers Liability
300,000 CSL or 100,000 BI each accident 500,000 BI policy limit - disease 100,000 BI each employee-disease
Business Pursuits
300,000 CSL
Retained Limit
$250.00
INELIGIBLE RISKS AND EXCLUDED EXPOSURES 1.
Professional Liability or Errors and Omissions Liability.
2.
Aircraft Liability.
3.
Watercraft over 50 feet or requiring a crew.
4.
1 – 2 passenger designed jet skis exceeding 100 horsepower/900 cc or 3 – 4 passenger designed jet skis exceeding 120 horsepower or 1000 cc.
5.
The following drivers: A. B. C. D. E.
Assigned risk drivers. Any driver whose license has been suspended or revoked within the last three years. Any driver not eligible for coverage under Germantown Mutual’s personal auto underwriting guidelines. Any driver who has been convicted of reckless driving or driving while under the influence of alcohol or drugs within the last 10 years or as limited by state law. Any driver with more than two moving violations or at fault accidents in a three year period.
6.
Professional politicians and elected or appointed officials (not including town assemblymen, city counsel members or selectmen for towns less than 10,000).
7.
Public lecturers.
8.
Newspaper reporters, editors or publishers.
9.
Labor leaders.
10.
Professional entertainers including athletes and radio and television announcers and telecasters or others who are in the public lime light.
11.
Any person who has been sued for libel and slander. Persons who represent a moral hazard.
12.
Law enforcement officials (not including: judges, bailiffs, correction officers, probation officers, fire personnel or state/town inspectors).
13.
Business pursuits other than the classifications listed in the Premium Computation section of this Guide.
14.
Home Day Care exposures involving more than six or as prescribed by state law.
15.
Risks with more than eight rental dwellings.
16.
Bed and breakfast exposures. Unless the following conditions have been met: A. B. C.
DEC 2016
Each risk shall be inspected by the Company. Each room must contain a smoke detector. Liquor Law Liability is to be excluded.
GERMANTOWN MUTUAL INSURANCE COMPANY - UTAH
8.3
17.
Risks with: A. B. C. D.
18.
pools with diving boards or slides; trampolines; unfenced pools; or skateboard ramps.
Any risk in which the underlying policy contains restrictive endorsements or exclusions, such as animal liability, that would cause the umbrella policy to drop down to provide primary coverage.
POLICY PERIOD Annual policies only. PREMIUM CALCULATION AND RATES LIMIT $1,000,000 1.
Initial residence only Initial auto only
$ 60 $ 55
2.
Each additional residence:
$ 10
3.
In-ground and above ground pools (including temporary inflatable)
$ 25
4.
Hot tubs
5.
Rental Dwellings owned by insured:
No Charge
1 or 2 family units 3 or 4 family units
$ 10 $ 10
6.
Business pursuits or incidental office or studio on premises:
$ 10
7.
Owned farm land from which the insured is remunerated but does not farm personally.
$ 25
8.
Each additional auto:
$ 40
9.
Antique Vehicles (registered)
$ 25
10.
Trailers A.
25 ft. in total length or greater
B.
Any trailer less than 25 ft. total length
C.
Multiple Trailers (Regardless of the number of trailers owned only charge for the number of trailers equivalent to the properly equipped vehicle on the underlying PAP)
$ 45 No Charge # of Vehs w/tow hitch x $45 subject to 25 ft. or greater
11.
Motorhomes
$ 50 each
12.
Recreational vehicles (snowmobiles, golf carts, minibikes, etc.)
$15 each
13.
Youthful operators (under the age of 25):
$40 each
8.4
GERMANTOWN MUTUAL INSURANCE COMPANY - UTAH
DEC 2016
14.
Watercraft: A. Up to 50 ft. Non powered or less than 25 HP Sailboats up to 26 ft. B. Each outboard in excess of 25 HP but less than 50 HP Sailboats greater than 26 ft. up to 50 ft. C. Each inboard, outboard, or inboard/outboard (50-300HP) Above 300 HP Sailboats greater than 50 ft. If approved, rating will apply as follows, multiplied by the primary Watercraft liability premium:
15.
Underlying Limit
Factor
$300,000 $500,000 $750,000 $1,000,000
.45 .40 .35 .30
$ 15 each $ 15 each $ 25 each Submit for Approval Submit for Approval $50 minimum charge
Jet Ski 1 -2 passenger designed jet ski not to exceed 100 HP or 900 cc 3 - 4 passenger designed jet ski not to exceed 120 HP or 1000 cc
16.
No Charge No Charge
$ 35 each $ 40 each
Home Day Care A. Up to 4 children B. Each additional child
$ 45 $ 10
(Subject to maximum of 6 children or as limited by State statue) 17.
Bed and Breakfast – per accommodation
$ 10
18.
Minimum Premium for $1,000,000 Limit
$150
Minimum Premium for $1,000,000 limit policy (represents Primary Residence and two automobiles) PREMIUM CALCULATION FOR $2,000,000 LIMIT To determine the premium for $1,000,000 excess $1,000,000, add 50% of the premium developed for the 1st $1,000,000 limit (minus UM & UIM premiums). UM & UIM coverage may only be written at a maximum limit of $1,000,000.
DEC 2016
GERMANTOWN MUTUAL INSURANCE COMPANY - UTAH
8.5
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8.6
GERMANTOWN MUTUAL INSURANCE COMPANY - UTAH
DEC 2016
