Thank you for your continued support of Frankenmuth Insurance.   We appreciate the ideas and feedback you provide to us to improve our product.  Among the more common customer questions you indicated you receive is “What discounts are provided in my policy?”  To improve our customer’s understanding of these discounts, we have improved how the Premium Adjustments are shown on the Homeowner Declaration and Application.  You will start seeing these improvements effective January 1, 2014.

 

Below is an example of a previous declaration and a future declaration which will provide you a visual of the improvements made:

 

Previous Declaration Page

 

Premium Adjustments

 

This section lists attributes that are used for rating under your basic policy.  They are reflected above in your total basic premium.

 

Insurance Score – level 340

Loss History

Multiple Policy – Auto

Multiple Policy – Life

Payment Plan

Protective Devices

Increased Hazard Surcharge

Solid Fuel Heating Surcharge – Supplemental

Claims Surcharge

 

 

Future Declaration Page

 

Premium Adjustments

 

This section lists discounts and characteristics that may be used in rating your policy.  They are reflected in the premiums shown in the Coverage and Premium Details Section.

 

Insurance Score – level 340

Loss History Discount

Loyalty – Insured since 2014

Multiple Policy – Auto

Multiple Policy – Life

Payment Plan – Annual

Protective Devices

Age of Policyholder Discount

Age of Home Discount

Group Discount

Increased Hazard Surcharge

Solid Fuel Heating Surcharge – Supplemental

Claims Surcharge

 

Thanks again for bringing this and other ideas to our attention.  We hope you are pleased with the changes to assist your customers in knowing what discounts are applied to their policies.  If you have any questions, please call your Personal Lines Field Manager, Underwriter, or me.