MMIC 2015 changes

October 28, 2014

  1. Rate increase of 5% on all fire & wind premiums
  2. Deleting claims free discount
  3. Inflation factor NO CHANGE, will remain at 2%
  4. No new business with $250 deductible
  5. Adding $5,000 & $10,000 deductible options

Leased Equipment should be added as a scheduled farm personal property, with year, make, model, serial number & value.

Blankets encourage 100% of inventory.

Required amounts are: $20,000 – $125,000 100%
$125,001 – $250,000 95% minimum
$250,000 – over 80% minimum – 90%

The January and February, 2015 – 3 year reviews form will not reflect the new changes.

We will be updating the manual as soon as possible.

Thank you for your patience. Any questions, please contact me.

Deb Geuther, PFMM
Mendota Mutual Insurance Company

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