MMIC 2020 changes
- Rate increase of 3.0% on all fire & wind premiums
- Inflation factor – NO CHANGE, will remain at 2%
- Billing fee – $15.00 per bill (from $10.00 per bill)
- Reinstatement fee – $40.00 (from $20.00)
We will no longer accept Non-Sufficient Funds checks. If we received an NSF check, the policy will be cancelled back to the effective date. Reissuing a policy that had an NSF must be approved by MMIC.
Utility Lawn Equipment must be scheduled, with make, model, serial number for each piece of equipment and attachments.
Amendatory Endorsement MMIC 101 EXC (1-20) will automatically be added to all town policies.
3 Year Reviews must be back in our office 35 days prior to the renewal date, earlier is helpful.
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.
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.
Home/auto discounts – Auto dec pages must be in our office minimum of 35 days prior to our renewal date.
Our office 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.
1-1-2020 the Submit a Change and Submit a Claim will be required to be submitted through the Navigator.
The current change request and property loss notice will be removed from the webpage.
The January 2020 & possibly February 2020 – 3 year reviews forms may 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.