[bt_bb_section layout=”boxed_1200″ top_spacing=”normal” bottom_spacing=”medium” full_screen=”” vertical_align=”top” color_scheme=”” background_color=”” background_image=”” background_overlay=”” parallax=”” parallax_offset=”” background_video_yt=”” yt_video_settings=”” background_video_mp4=”” background_video_ogg=”” background_video_webm=”” responsive=”” publish_datetime=”” expiry_datetime=”” el_id=”” el_class=”” el_style=””][bt_bb_row column_gap=”40″ row_width=”default” color_scheme=”” background_color=”” opacity=”” responsive=”” publish_datetime=”” expiry_datetime=”” el_id=”” el_class=”” el_style=””][bt_bb_column lazy_load=”no” width=”1/1″ align=”left” vertical_align=”middle” animation=”fade_in move_right” padding=”normal” background_image=”” inner_background_image=”” color_scheme=”” background_color=”” inner_background_color=”” opacity=”” responsive=”” publish_datetime=”” expiry_datetime=”” el_id=”” el_class=”” el_style=””][bt_bb_headline font_subset=”latin,latin-ext” superheadline=” ” headline=”MMIC 2015 changes” subheadline=”” html_tag=”h4″ size=”inherit” align=”inherit” dash=”top” color_scheme=”” color=”” supertitle_position=”” font=”inherit” font_size=”” font_weight=”” url=”” target=”_self” responsive=”” publish_datetime=”” expiry_datetime=”” el_id=”” el_class=”” el_style=””][/bt_bb_headline][bt_bb_separator top_spacing=”normal” bottom_spacing=”” border_style=”none” border_width=”” responsive=”” publish_datetime=”” expiry_datetime=”” el_id=”” el_class=”” el_style=””][/bt_bb_separator][bt_bb_text]
October 28, 2014
- Rate increase of 5% on all fire & wind premiums
- Deleting claims free discount
- Inflation factor NO CHANGE, will remain at 2%
- No new business with $250 deductible
- 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
mendotamutual@frontier.com
815-539-3426
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