FARM BUILDINGS (RATES PER $1000) DEDUCTIBLE $1,000 $2,500 $5,000 CLASS $3.88 $3.60 $3.50 “A” CLASS $4.53 $4.20 $4.07 “B” CLASS $6.30 $5.80 $5.51 “C” $10.67 $9.50 $8.55 “D” CLASS $46.12 $39.80 $35.82 “E” CLASS $50.73 $43.12 $38.81 “F” GARAGE $4.88 $4.40 $4.14 To figure premium: use the rate per $1,000 X the coverage amount. Class minimum coverage: $20,000. 80% of replacement cost minimum “A” requirement. Class minimum coverage: $10,000. 50% of replacement cost minimum “B” requirement. Class minimum coverage: $6,000. 40% of replacement cost minimum “C” requirement. Class minimum coverage: $1,000. 25% of replacement cost minimum “D” requirement. minimum coverage: $500. “E” Class: Underwriter use only, not available on new business. “F” Garage minimum coverage: $3,000. 50% of replacement cost minimum requirement. Maximum age limit for Class buildings: 20 years. “A” RC-96 Farm Service Building Additional Coverage permitted on and “A” “B” Class buildings. Minimum Class coverage $10,000. Maximum age limit 30 “B” years. RC-107 Replacement cost permitted on Class buildings. “A” RC-413 Building Broadform permitted on and Class buildings. “A” “B” Minimum Class coverage: $10,000. “B” RC-135 Weight of Ice, Snow or Sleet permitted on and Class “A,” “B” “C” buildings. Estimator required for all and buildings. “A,” “B” “C” Farm Buildings only policies will be issued if the Farm Buildings are the only insurable risk(s) on the premises. See Farm Buildings Underwriting Guidelines for additional information. 01/18
FARM BUILDINGS (RATES PER $1000) DEDUCTIBLE $1,000 $2,500 $5,000 “A” CLASS $3.88 $3.60 $3.50 “B” CLASS $4.53 $4.20 $4.07 “C” CLASS $6.30 $5.80 $5.51 “D” $10.67 $9.50 $8.55 “E” CLASS $46.12 $39.80 $35.82 “F” CLASS $50.73 $43.12 $38.81 GARAGE $4.88 $4.40 $4.14 To figure premium: use the rate per $1,000 X the coverage amount. “A” Class minimum coverage: $20,000. 80% of replacement cost minimum requirement. “B” Class minimum coverage: $10,000. 50% of replacement cost minimum requirement. “C” Class minimum coverage: $6,000. 40% of replacement cost minimum requirement. “D” Class minimum coverage: $1,000. 25% of replacement cost minimum requirement. “E” minimum coverage: $500. “F” Class: Underwriter use only, not available on new business. Garage minimum coverage: $3,000. 50% of replacement cost minimum requirement. Maximum age limit for “A” Class buildings: 20 years. RC-96 Farm Service Building Additional Coverage permitted on “A” and “B” Class buildings. Minimum “B” Class coverage $10,000. Maximum age limit 30 years. RC-107 Replacement cost permitted on “A” Class buildings. RC-413 Building Broadform permitted on “A” and “B” Class buildings. Minimum “B” Class coverage: $10,000. RC-135 Weight of Ice, Snow or Sleet permitted on “A,” “B” and “C” Class buildings. Estimator required for all “A,” “B” and “C” buildings. Farm Buildings only policies will be issued if the Farm Buildings are the only insurable risk(s) on the premises. See Farm Buildings Underwriting Guidelines for additional information. 01/18
2018_Rate_and_UW_Manual.docx