MMIC 2019 Changes

October 4, 2018

1. Rate increase of 2.50% on all fire & wind premiums
2. Inflation factor – NO CHANGE, will remain at 2%
3. Equipment Breakdown (Rockford Mutual liability customers only) is available
4. Billing fee – $10.00 per bill (from $5.00 per bill)
5. Blankets – 100% of inventory.

New business with escrow payment. Premium must accompany the application. Your insured can issue a check to MMIC. We will hold their check for the mortgagee check. If we receive the mortgagee check we will accept the payment and shred the insured check. If the mortgagee check does not arrive in our office by the due date on the premium notice, the insureds check will be accepted as payment for their policy. Another option would be for your agency to get the insureds credit/debit card information for payment upon our office issuing the policy.

Reminder, if you choose to collect late payments in your office, you are required to fax or e-mail us a copy of the payment and the signed statement of no loss, the day you receive.
Please refer to Navigator for amount due our office and due date.

We may be requesting on farm policies, farm diagrams with distances between buildings and an estimated amount of blanket coverage in each building. This is needed for our reinsurance company.

Home/auto discounts – Auto dec pages must be in our office minimum of 35 days prior to our renewal date.
Brianna has provided your office with your policies that have autos. Please remember if you write a policy after October 10th, those policies will not be on your list.
If we process the renewal and remove the auto, you can send in a change request to add the discount at the next renewal, with a current auto dec page.
Please remember this is your agency responsibility to make sure your customers keep their auto discount.

1-1-2019 the Submit a Change and Submit a Claim will be turned on in the Navigator.
We are going to try these two features. Information that we currently require will be required on these two forms, even though there may not be a spot for all the information, you need to provide all information on the forms.
If complete information is not on the forms, the forms will be returned to your office with incomplete information to complete the change or set up a claim.
If we have issues with information not being on the forms, we will discontinue the Navigator form usage for your agency.
The current request a change and property loss notice will remain on our web page if you choose to continue these forms.

The January 2019 & possibly February 2019 – 3 year reviews forms 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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