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Tenants Policy Rate Change
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To Our Select Producers,
Kingstone is implementing a rate change for its Tenants Policy Form HO-4 effective March 15, 2014 for new business and May 1, 2014 for renewals. The overall impact of this rate change is an increase of +7.3%. Kingstone has not taken a rate change for this policy form in many years.
The change will affect risks in one-to-four family dwellings, specifically the Construction / Occupancy Group I. This is a flat increase to the Coverage C rates. The actual rate change for any individual policy will not exceed 15%.
Also, the maximum liability limit available to HO-4 (tenant) risks will now be $500,000. Kingstone will no longer be offering the $1 million liability limit for this policy form.
If there are any questions regarding these changes, please feel free to contact the Personal Lines Underwriting Department or your Marketing Director.
As always, thank you for being one of our Select Producers.
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Sincerely,
Dottie Barkman
Personal Lines Underwriting Manager
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We at Kingstone Insurance Company appreciate your support and value our relationship with you. We write all of our business through our Select Producers and offer no products directly.
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