Filing at a Glance
Company: State Farm Fire and Casualty Company
Product Name: ML-26043
State: Mississippi
TOI: 35.0 Interline Filings
Sub-TOI: 35.0000 Personal/Commercial Interline Filings
Filing Type: Rate/Rule
Date Submitted: 01/28/2010
SERFF Tr Num: SFMA-126475027
SERFF Status: Closed-Approved
State Tr Num: ML-26043
State Status: Closed/Approved
Co Tr Num: ML-26043
Effective Date
Requested (New):
05/01/2010
Effective Date
Requested (Renewal):
05/01/2010
Author(s): Jim Gallagher, Robin Dunagan
Reviewer(s): Will Arnold (primary), Mark Brannon, Derek Chapman, Deb Hamilton, Barbara Marshall, Ryan
Purdy
Disposition Date: 04/05/2010
Disposition Status: Approved
Effective Date (New): 05/01/2010
Effective Date (Renewal): 05/01/2010
State Filing Description:
SERFF Tracking #: SFMA-126475027 State Tracking #: ML-26043 Company Tracking #: ML-26043
State: Mississippi Filing Company: State Farm Fire and Casualty Company
TOI/Sub-TOI: 35.0 Interline Filings/35.0000 Personal/Commercial Interline Filings
Product Name: ML-26043
Project Name/Number: ML-26043/ML-26043
PDF Pipeline for SERFF Tracking Number SFMA-126475027 Generated 08/01/2012 04:22 PM
General Information
Company and Contact
Filing Fees
Project Name: ML-26043 Status of Filing in Domicile: Not Filed
Project Number: ML-26043 Domicile Status Comments:
Reference Organization: Reference Number:
Reference Title: Advisory Org. Circular:
Filing Status Changed: 04/05/2010
State Status Changed: 04/05/2010 Deemer Date:
Created By: Robin Dunagan Submitted By: Robin Dunagan
Corresponding Filing Tracking Number:
Filing Description:
Attached is our proposed wind mitigation discount plan for Homeowners and Rental Dwelling Programs. The proposed
effective date for this plan is 5/1/2010 for both new and renewal business.
Sincerely,
Robert J. Kelley, F.C.A.S., MAAA
Actuary and Assistant Secretary-Treasurer
(309) 766-6561
[email protected]
Sara Frankowiak
Pricing Manager
(309) 766-5902
[email protected]
Filing Contact Information
Sara Frankowiak, F.C.A.S., MAAA, [email protected]
One State Farm Plaza
Bloomington, IL 61710
309-766-5902 [Phone]
309-766-0225 [FAX]
Filing Company Information
State Farm Fire and Casualty
Company
1 State Farm Plaza
Bloomington, IL 61710
(309) 735-0649 ext. [Phone]
CoCode: 25143
Group Code: 176
Group Name:
FEIN Number: 37-0533080
State of Domicile: Illinois
Company Type:
State ID Number:
Fee Required?
Yes
Fee Amount:
$16.00
Retaliatory?
No
Fee Explanation:
$15 per filing X 1 filing + $1 EFT Fee = $16.
SERFF Tracking #: SFMA-126475027 State Tracking #: ML-26043 Company Tracking #: ML-26043
State: Mississippi Filing Company: State Farm Fire and Casualty Company
TOI/Sub-TOI: 35.0 Interline Filings/35.0000 Personal/Commercial Interline Filings
Product Name: ML-26043
Project Name/Number: ML-26043/ML-26043
PDF Pipeline for SERFF Tracking Number SFMA-126475027 Generated 08/01/2012 04:22 PM
State Specific
Per Company:
Yes
Company Amount Date Processed Transaction #
State Farm Fire and Casualty Company $16.00 01/28/2010 33851794
Largest cumulative effect of all rate and rule changes: 0.0
Smallest cumulative effect of all rate and rule changes: 0.0
What percentage of insureds will receive an increase of 25% or more?: 0
Make up of all changes which effect insureds with largest cumulative rate effect.: N/A
SERFF Tracking #: SFMA-126475027 State Tracking #: ML-26043 Company Tracking #: ML-26043
State: Mississippi Filing Company: State Farm Fire and Casualty Company
TOI/Sub-TOI: 35.0 Interline Filings/35.0000 Personal/Commercial Interline Filings
Product Name: ML-26043
Project Name/Number: ML-26043/ML-26043
PDF Pipeline for SERFF Tracking Number SFMA-126475027 Generated 08/01/2012 04:22 PM
Amendment Letter
Submitted Date: 03/04/2010
Comments:
Attached are rate manual pages reflecting the filed wind mitigation credits.
Sincerely,
Sara Frankowiak
Pricing Manager
Changed Items:
Rate/Rule Schedule Item Changes:
Exhibit Name: Rule # or Rate Previous State Attach
Page #: Action: Filing Number: Document:
Manual Pages See Attached Replacement MS HO Eff 05-01-10.pdf
MS ML-26043 RDP MANUAL
PAGES.PDF
SERFF Tracking #: SFMA-126475027 State Tracking #: ML-26043 Company Tracking #: ML-26043
State: Mississippi Filing Company: State Farm Fire and Casualty Company
TOI/Sub-TOI: 35.0 Interline Filings/35.0000 Personal/Commercial Interline Filings
Product Name: ML-26043
Project Name/Number: ML-26043/ML-26043
PDF Pipeline for SERFF Tracking Number SFMA-126475027 Generated 08/01/2012 04:22 PM
Rate/Rule Schedule
Item
No.
Schedule Item
Status Exhibit Name Rule # or Page # Rate Action Previous State
Filing Number
Attachments
1 Approved 04/05/2010 Manual Pages See Attached Replacement MS HO Eff 05-01-10.pdf
MS ML-26043 RDP MANUAL
PAGES.PDF
SERFF Tracking #: SFMA-126475027 State Tracking #: ML-26043 Company Tracking #: ML-26043
State: Mississippi Filing Company: State Farm Fire and Casualty Company
TOI/Sub-TOI: 35.0 Interline Filings/35.0000 Personal/Commercial Interline Filings
Product Name: ML-26043
Project Name/Number: ML-26043/ML-26043
PDF Pipeline for SERFF Tracking Number SFMA-126475027 Generated 08/01/2012 04:22 PM
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
SUMMARY OF REVISIONS
The following table summarizes the changes contained in this revision.
Item
Description
Wind Mitigation Discount
Introduced Wind Mitigation Discounts.
Throughout this manual, bold italics font indicates information that is not displayed in the Agents manual.
RULES
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
RULES
The rules, rates, and premiums in this manual govern the writing of all Homeowners policies. The rules and rates filed by
or on behalf of the Company for each coverage shall govern in all cases not specifically provided for in these rules.
CANCELLATION
When a policy is cancelled, the annual premium that applies to the policy period multiplied by the pro rata factor is
returned to the insured.
Calculate the pro rata factor as follows:
A. Compute the number of days left in the annual term until the policy expires (for example, 122 days).
B. Divide the number of days by 365 (days in a year) and round to 3 decimal places. This produces the pro rata
factor. A few examples may help:
Number of Days
Divided By
Pro Rata Factor
360
365
0.986
240
365
0.658
122
365
0.334
73
365
0.200
34
365
0.093
RULES
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
CONSTRUCTION CLASSIFICATIONS
A. Frame
A dwelling with exterior walls of combustible construction (including walls with metal, stucco, or metal lath and
plaster on combustible supports) is classified as frame.
B. Masonry
A dwelling with exterior walls of brick, concrete, concrete block, adobe, tile, or other masonry materials is
classified as masonry.
C. Masonry Veneer
A dwelling with walls of combustible construction veneered with masonry materials is classified as masonry
veneer.
D. Fire Resistive
A building with walls, floor, and roof constructed entirely of masonry or fire resistive materials with a Fire
Resistance rating of not less than one hour is classified as fire resistive.
E. Mixed Construction
A dwelling shall be classified as frame construction when the wall area of frame construction (excluding gables)
exceeds 50% of the total wall area.
F. Log Construction
A dwelling with walls - and in some cases, structural framing members used to support multiple stories or the roof
- made of logs, i.e. have not been milled into conventional lumber.
RULES
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
ELIGIBILITY
A. Homeowners Policy
1. A dwelling occupied by the owner and used principally for private residential purposes. The dwelling can
have one or two families, but cannot have more than five roomers or boarders per family.
2. A single family unit within a row house, town house, condominium or cooperative occupied by the owner
and used principally for private residential purposes.
3. A new dwelling that is under construction for one or two families to be occupied by the owner.
4. A secondary dwelling, including seasonal dwellings, occupied by the owner and used principally for
private residential purposes.
B. Renters Policy
1. The tenant of any dwelling, apartment, condominium or cooperative unit.
2. The owner, who is also an occupant, of a dwelling or building containing an apartment that is not eligible
for another Homeowners form.
3. The owner of a cooperative unit, provided:
a. The portion of the premises occupied as living quarters is used principally for private residential
purposes.
b. This portion is not occupied by more than one additional family or more than two roomers or
boarders.
c. This portion is designated by an apartment number or other positive identification.
C. Condominium Unitowners Policy
1. Owner occupied units, including seasonal units, which are part of a community association organized
under condominium, cooperative, town house or planned development form of ownership and where
provision has been made for a master policy covering the residential building(s) real property
exposure. The unit must be used principally for private residential purposes.
2. Rental or investment units in an association as described in 1. if occasionally occupied by the owner. The
named insured must be an individual. Partnerships, corporations or similar legal entities are not eligible
for Homeowners coverage.
Note: The term "owner" includes persons purchasing a dwelling, such as under a mortgage agreement or contract of sale.
RULES
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
MID-TERM CHANGES
Changes that affect coverage or a risk characteristic used in rating the policy may be made during the policy term, unless
otherwise stated in this manual. Mid-term changes to take advantage of a new discount or charge or a rate or
classification change implemented by the company during the policy term are not permitted.
If a different premium is required for the remainder of the current policy term, the additional or return premium is to be
computed pro rata unless otherwise stated in this manual.
RULES
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
MINIMUM PREMIUMS
The annual minimum premium is shown below.
Policy Form
Minimum
Premium
Homeowners
$200
Renters
$100
Condominium Unitowners
$100
RULES
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
OTHER INSURANCE
Other insurance covering the same property is permitted only when the other insurance is for perils not covered by the
policy (for example, Flood Insurance).
RULES
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
POLICY PERIOD AND PREMIUM PAYMENT
All premiums and rates shown in this manual are on an annual term basis. All policies are initially written for a one year
term and are then automatically renewed annually. The rates on renewals will be those rates in effect at that time.
RULES
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
RESTRICTION OF COVERAGE
The named insured can request a restriction on an individual policy. The circumstances or exposure must be so unusual
that without the restriction the policy would not be issued. No reduction from the prescribed rate and minimum premium is
allowed. Refer each request to the Company.
RULES
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
ROUNDING OF PREMIUMS
Any computations for additional coverages or additional amounts of insurance are to be rounded separately to the nearest
dollar. Fifty cents or more is to be considered as a dollar.
RULES
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
TRANSFER
Transfer of the policy to another location within the state is allowed provided the new location meets eligibility
requirements. Transfers are subject to any necessary adjustment of premium.
ZONES
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
ZONES
This section provides the rules for the assignment of the zone and subzone.
ZONE DEFINITIONS
Refer to Company for ZIP Codes not listed.
ZIP Code
City
County
Zone
Description
All
ADAMS
50
All
ALCORN
68
All
AMITE
50
All
ATTALA
60
All
BENTON
68
All
BOLIVAR
64
All
CALHOUN
65
All
CARROLL
60
All
CHICKASAW
66
All
CHOCTAW
60
All
CLAIBORNE
69
All
CLARKE
54
All
CLAY
66
All
COAHOMA
64
All
COPIAH
51
All
COVINGTON
51
All
DE SOTO
67
All
FORREST
45
All
FRANKLIN
50
All
GEORGE
32
All
GREENE
45
All
GRENADA
65
All
HANCOCK
10
AREA SOUTH OF INTERSTATE 10
All
HANCOCK
20
AREAS NORTH OF INTERSTATE 10
All
HARRISON
10
AREA SOUTH OF INTERSTATE 10
All
HARRISON
20
AREAS NORTH OF INTERSTATE 10
All
JACKSON
HINDS
61
All
HINDS
69
EXCLUDING CITY OF JACKSON
All
HOLMES
60
All
HUMPHREYS
64
All
ISSAQUENA
60
All
ITAWAMBA
68
All
JACKSON
10
AREA SOUTH OF INTERSTATE 10
ZONES
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
ZIP Code
City
County
Zone
Description
All
JACKSON
20
AREAS NORTH OF INTERSTATE 10
All
JASPER
54
All
JEFFERSON
50
All
JEFFERSON
DAVIS
51
All
JONES
54
All
KEMPER
63
All
LAFAYETTE
66
All
LAMAR
45
All
LAUDERDALE
63
All
LAWRENCE
51
All
LEAKE
60
All
LEE
67
All
LEFLORE
65
All
LINCOLN
51
All
LOWNDES
60
All
MADISON
60
All
MARION
45
All
MARSHALL
67
All
MONROE
66
All
MONTGOMERY
65
All
NESHOBA
63
All
NEWTON
63
All
NOXUBEE
60
All
OKTIBBEHA
60
All
PANOLA
66
All
PEARL RIVER
32
All
PERRY
45
All
PIKE
45
All
PONTOTOC
66
All
PRENTISS
67
All
QUITMAN
65
All
JACKSON
RANKIN
61
All
RANKIN
69
EXCLUDING CITY OF JACKSON
All
SCOTT
60
All
SHARKEY
64
All
SIMPSON
51
All
SMITH
54
All
STONE
32
All
SUNFLOWER
64
All
TALLAHATCHIE
65
ZONES
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
ZIP Code
City
County
Zone
Description
All
TATE
67
All
TIPPAH
68
All
TISHOMINGO
68
All
TUNICA
67
All
UNION
67
All
WALTHALL
45
All
WARREN
60
All
WASHINGTON
64
All
WAYNE
54
All
WEBSTER
65
All
WILKINSON
50
All
WINSTON
60
All
YALOBUSHA
65
All
YAZOO
60
HOMEOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
HOMEOWNERS
This section provides details on coverages and rating for the Homeowners policy form, including the information
necessary to develop the basic premiums.
COVERAGES - HOMEOWNERS
The policy contains two sections, each with various coverages.
1. Section I - Physical Damage Coverages
Coverages
Details
Minimums or Amounts
Coverage A - Dwelling
Applies to the described dwelling
100% of Replacement Cost is suggested *
Dwelling Extension
Applies to other structures on premises
10% of Coverage A amount
Coverage B - Personal Property
Applies to personal property
75% of Coverage A amount *
Types of Personal Property
Computers and Equipment
$5,000
Money, Bank Notes, and Coins
$200
Property used in a business
$1,000 on premises ($250 off premises)
Securities, Accounts, and Deeds
$1,000
Watercraft and Equipment
$1,000
Trailers not used with Watercraft
$1,000
Jewelry and Furs (Theft)
$2,500 ($1,500 per item) *
Stamps, Trading Cards, and Comic Books
$2,500
Firearms (Theft)
$2,500
Area Rugs (Theft)
$10,000 ($5,000 per item)
Silverware and Goldware (Theft)
$2,500
Coverage C - Loss of Use
Additional Living Expense
Actual loss sustained within 24 months
Fair Rental Value
Actual loss sustained within 12 months
Additional Coverages
Arson Reward
$1,000
Building Ordinance or Law
10% of Coverage A amount
Collapse
Credit Card and Forgery
$1,000
Debris Removal
Fire Department Service Charge
$500
Lock Rekeying
Power Interruption
Property Removed
Refrigerated Products
Coverage B Limit
Temporary Repairs
Trees, Shrubs, and Other Plants
$500
Volcanic Action
HOMEOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
* If the dwelling is insured for less than 80% of Replacement Cost, the basic Coverage B limit is 55% of Coverage A and
the Special Theft limit on Jewelry and Furs is $1,000.
Coverage A and B limits are subject to Inflation Coverage. For available options, see the Options section.
2. Section II - Liability Coverages
Coverages
Details
Minimums or Amounts
Coverage L - Personal Liability
Includes Comprehensive Personal Liability
$100,000 minimum
Coverage M - Medical Payments
Medical Payments to Others
$1,000 minimum
Additional Coverages
Damage to Property of Others
$500
Claim Expenses
First Aid Expenses
For available options, see the Options section.
HOMEOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
LOSSES INSURED - HOMEOWNERS
1. Section I
Damage to insured's property is covered under Section I of the policy. As indicated in Item 1, there are three
coverages under Section I.
• Coverage A - Dwelling
• Coverage B - Personal Property
• Coverage C - Loss of Use
Listed below are the losses that are insured:
Losses Insured
Protection Provided
Coverage A & C
Coverage B
Fire or Lightning
Accidental Direct
Physical Loss
(with certain
exclusions)
Yes
Windstorm or Hail Yes
Explosion Yes
Riot or Civil Commotion Yes
Aircraft Yes
Vehicles Yes
Smoke Yes
Vandalism or Malicious Mischief Yes
Breakage of Glass Yes
Theft Yes
Falling Objects Yes
Weight of Ice, Snow or Sleet Yes
Accidental Discharge of Water or Steam Yes
HOMEOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
Losses Insured
Protection Provided
Coverage A & C
Coverage B
Sudden, Accidental tearing etc. of Water
Heating Systems or Appliances
Yes
Freezing of Plumbing Yes
Damage from Artificially Generated
Electricity
Yes
2. Section II
Section II Liability includes coverage for bodily injury or property damage and defense costs associated with a suit
brought against an insured.
HOMEOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
LOSS SETTLEMENT (SECTION I) - HOMEOWNERS
The loss settlement provision for Coverage A - Dwelling and Coverage B - Personal Property varies depending on the
insured's coverage selections. The available options are:
Coverage
Loss Settlement Provision
Coverage A - Dwelling
A1 Replacement Cost - Similar Construction
A2 Replacement Cost - Common Construction
Coverage B - Personal Property
B1 Limited Replacement Cost
B2 Depreciated Loss Settlement
The following chart illustrates the basic coverages provided by the policy.
Coverage
Dwelling Coverage as a % of Replacement Cost
100% or more
80 - 99%
<80%
Coverage A - Dwelling
A1 *
A1
A2
Coverage B - Personal Property
B1
B1
B2
* Option ID, Increased Dwelling Coverage is also automatically provided.
A. Coverage A - Dwelling
Losses to the dwelling are settled on a replacement cost basis without deduction for depreciation up to the limit
shown on the Declarations Page. The loss settlement provision is based on the insured's coverage selections as
indicated below:
1. Replacement Cost - Similar Construction
If the dwelling is insured to at least 80% of the dwelling replacement cost, the loss settlement provision for
Coverage A is repair or replacement with similar materials and construction techniques. The basic rates
reflect this loss settlement provision.
ACTIVATE: Loss Settlement Provision A1 - Replacement Cost - Similar Construction
If the following conditions are met, then an additional coverage amount equal to 20% of the
Coverage A limit will be provided for loss payment above the stated limits for no additional
premium.
a. The dwelling building and other building structures on premises are insured for at least
100% of Replacement Cost and
b. The insured agrees to notify the company within 90 days of any additions or other
physical changes which increase the value of either the dwelling or other buildings on the
premises by $5,000 or more and pay the appropriate premium.
ACTIVATE: Option ID in the Policy
HOMEOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
2. Replacement Cost - Common Construction
When the dwelling is insured for an amount less than 80% of replacement cost, the loss settlement
provision for Coverage A is repair or replacement with commonly used materials and construction
techniques. An adjustment to the basic rates is required. Refer to the Basic Premium Adjustment
section.
ACTIVATE: Loss Settlement Provision A2 - Replacement Cost - Common Construction
B. Coverage B - Personal Property
1. Limited Replacement Cost
If the dwelling is insured for at least 80% of replacement cost, the loss settlement provision is limited
replacement cost without deduction for depreciation. The Coverage B limit is equal to 75% of the
Coverage A limit. The basic rates reflect this coverage.
ACTIVATE: Loss Settlement Provision B1 - Limited Replacement Cost
2. Depreciated Loss Settlement
If the dwelling is insured for less than 80% of replacement cost, the loss settlement provision is limited
replacement cost with deduction for depreciation. The Coverage B limit is equal to 55% of the Coverage
A limit. An adjustment to the basic rates is required. Refer to the Basic Premium Adjustment
section.
ACTIVATE: Loss Settlement Provision B2 - Depreciated Loss Settlement
Refer to the Options section for available options.
HOMEOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
RATING - HOMEOWNERS
A. Determine the basic premium.
1. Select the correct ZONE, PROTECTION CLASS, and CONSTRUCTION.
2. Determine the COVERAGE A AMOUNT and the RISK AMOUNT.
a. Determine the Replacement Cost of the dwelling.
b. Multiply the Replacement Cost by 0.80.
c. Select the desired amount of insurance.
• If the desired amount is equal to or greater than the amount determined in Step 2.b., then
this is the COVERAGE A AMOUNT and the RISK AMOUNT. Skip to Step 3.
• If the desired amount is less than the amount determined in Step 2.b., then continue
with Step 2.d.
d. Divide the desired amount of insurance (Step 2.c.) by the replacement cost of the dwelling (Step
2.a.). The COVERAGE A AMOUNT is determined by the following:
If Step 2.d. is:
Then the Coverage A Amount is: *
At Least
But Less Than
0.70
0.80
0.80 X Replacement Cost minus $100
0.60
0.70
0.70 X Replacement Cost minus $100
0.50
0.60
0.60 X Replacement Cost minus $100
0.40
0.50
0.50 X Replacement Cost minus $100
0.30
0.40
0.40 X Replacement Cost minus $100
0.20
0.30
0.30 X Replacement Cost minus $100
0.00
0.20
0.20 X Replacement Cost minus $100
* This amount is rounded up to the nearest $100.
The RISK AMOUNT equals the amount determined in Step 2.b. (Replacement Cost X 0.80).
3. From the basic rate pages, determine the premium based on the ZONE, PROTECTION CLASS, and
CONSTRUCTION from Step 1 and the RISK AMOUNT as determined in Step 2.c. or 2.d.
Premium = Zone Base Rate X Protection Class X Construction Factor X Amount Factor X Risk Amount /
Base Amount *
* The Base Amount is the Risk Amount which has a factor of 1.000.
Note: For amounts greater than the largest risk amount shown, calculate the premium for the additional
amount and add it to the premium for the largest risk amount shown.
HOMEOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
4. Apply all applicable basic premium adjustments from the Basic Premium Adjustment section sequentially
in the order presented in that section to derive the basic premium.
B. Apply any remaining percentage adjustments for optional coverages to the basic premium.
C. Add any flat dollar adjustments for optional coverages to the basic premium.
D. Premium Calculation Examples - Homeowners Policy
The following two examples show the sequence for applying optional discounts, charges, and options (actual
premiums/rates were chosen arbitrarily for illustration purposes only).
Example 1
Replacement Cost of Dwelling = $121,900
Replacement Cost X 0.80 = $97,520
Desired Amount of Insurance = $110,000
Coverage A Amount = Risk Amount = $110,000
1. Homeowners Basic Premium
a. $110,000 Risk Amount premium
$450 X 1.050 X 0.950 X 0.945 X $110,000 / $100,000 = $466.61
Rounded
=
$467
b. CRI Adjustment Factor (0.961)
$467 X 0.961 = $448.79
Rounded
=
$449
c. Claim Record Rating Adjustment (-10%)
$449 X 0.10 = $44.90
Rounded
=
- $45
Subtotal
=
$404
d. Home/Auto Discount (-15%)
$404 X 0.15 = $60.60
Rounded
=
- $61
Subtotal
=
$343
e. Newer Utilities Adjustment (-9%)
$343 X 0.09 = $30.87
Rounded
=
- $31
Subtotal
=
$312
f. 2% Deductible Adjustment (-19%)
$312 X 0.19 = $59.28
Rounded
=
- $59
Basic Premium
=
$253
HOMEOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
2. Charge for $5,000 Jewelry and Furs = +$27
3. Charge for $12,500 Additional Coverage B Limits
$0.40 X 12.5 = $5.00
Rounded
=
+$5
4. Charge for $500,000/$1,000 Section II = +$25
5. Final Premium (subject to policy minimum premium) = $310
Note: Each discount and charge is to be rounded to the nearest dollar before being subtracted from or added to
the basic premium.
Example 2
Replacement Cost of Dwelling = $121,900
Replacement Cost X 0.80 = $97,520
Desired Amount of Insurance = $70,000 ($70,000 / $121,900 = 0.57)
Coverage A Amount = $121,900 X 0.60 - $100 = $73,040 Rounded to next higher $100 = $73,100
Risk Amount = $97,520 ($121,900 X 0.80)
1. Homeowners Basic Premium
a. $97,520 Risk Amount premium
$450 X 1.050 X 0.950 X 1.063 X $97,520 / $100,000 = $465.32
Rounded
=
$465
b. CRI Adjustment Factor (0.961)
$465 X 0.961 = $446.86
Rounded
=
$447
c. Replacement Cost - Common Construction
Premium Adjustment Factor corresponding to 0.59 ($73,100 / $121,900) = 0.85
d. Adjusted Premium
$447 X 0.85 = $379.95
Rounded
=
$380
e. Depreciated Loss Settlement - Contents (-7%)
$380 X 0.07 = $26.60
Rounded
=
- $27
Subtotal
=
$353
HOMEOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
f.
$1,000 Jewelry and Furs Adjustment
=
- $16
Subtotal
=
$337
g. Home Alert Adjustment (-5%)
$337 X 0.05 = $16.85
Rounded
=
- $17
Subtotal
=
$320
h. Charge for Limited Replacement Cost - Contents (9% $25 minimum)
$320 X 0.09 = $28.80
Rounded
=
+$29
Subtotal
=
$349
i. $1,000 Deductible Adjustment (-10%)
$349 X 0.10 = $34.90
Rounded
=
- $35
Basic Premium
=
$314
2. Charge for $500,000/$1,000 Section II = +$25
3. Final Premium (subject to policy minimum premium) = $339
Note: Each discount and charge is to be rounded to the nearest dollar before being subtracted from or added to
the basic premium.
HOMEOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
HOMEOWNERS
ZONE 10 & 20 - 2% HURRICANE DEDUCTIBLE/1% ALL OTHER PERIL; REMAINDER - 1% ALL-
PERIL DEDUCTIBLE
$100,000 LIABILITY; $1,000 MEDICAL PAYMENTS
Premium = Zone Base Rate X Protection Class Factor X Construction Factor X Amount Factor X Risk Amount / $100,000
ZONE BASE RATES
Zone
Rate
10
$3,864.00
20
$2,442.00
32
$1,540.00
45
$1,219.00
50
$981.00
51
$954.00
54
$946.00
60
$805.00
61
$1,167.00
63
$850.00
64
$930.00
65
$998.00
66
$756.00
67
$761.00
68
$867.00
69
$910.00
HOMEOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
HOMEOWNERS
ZONE 10 & 20 - 2% HURRICANE DEDUCTIBLE/1% ALL OTHER PERIL; REMAINDER - 1% ALL-
PERIL DEDUCTIBLE
$100,000 LIABILITY; $1,000 MEDICAL PAYMENTS
Premium = Zone Base Rate X Protection Class Factor X Construction Factor X Amount Factor X Risk Amount / $100,000
PROTECTION CLASS FACTORS
Zone Group
Protection Class
3
4 - 7
8
9
10
10C
10, 20, 32, 45, 50,
51, 54, 60, 63, 64,
65, 66, 67, 68, 69
1.000 1.000 1.280 1.710 2.070 2.010
61
1.000
N/A
N/A
N/A
N/A
N/A
For Protection Class 10C:
ATTACH: Certified Fire Department Endorsement, FE-7511
HOMEOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
HOMEOWNERS
ZONE 10 & 20 - 2% HURRICANE DEDUCTIBLE/1% ALL OTHER PERIL; REMAINDER - 1% ALL-
PERIL DEDUCTIBLE
$100,000 LIABILITY; $1,000 MEDICAL PAYMENTS
Premium = Zone Base Rate X Protection Class Factor X Construction Factor X Amount Factor X Risk Amount / $100,000
CONSTRUCTION FACTORS
Construction
Protection
Class
Factor
Frame
03 - 06
1.110
Frame
07
1.280
Frame
08
1.250
Frame
09
1.340
Frame
10 - 10C
1.440
Construction
Protection
Class
Factor
Log
03 - 06
1.140
Log
07
1.280
Log
08
1.250
Log
09
1.340
Log
10 - 10C
1.440
Construction
Protection
Class
Factor
Masonry
03 - 06
1.000
Masonry
07
1.000
Masonry
08
1.000
Masonry
09
1.000
Masonry
10 - 10C
1.000
Construction
Protection
Class
Factor
Fire Resistive
03 - 06
0.820
Fire Resistive
07
0.820
Fire Resistive
08
0.820
HOMEOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
Construction
Protection
Class
Factor
Fire Resistive
09
0.820
Fire Resistive
10 - 10C
0.820
Construction
Protection
Class
Factor
Masonry
Veneer
03 - 06 1.000
Masonry
Veneer
07 1.000
Masonry
Veneer
08 1.000
Masonry
Veneer
09 1.000
Masonry
Veneer
10 - 10C 1.000
HOMEOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
HOMEOWNERS
ZONE 10 & 20 - 2% HURRICANE DEDUCTIBLE/1% ALL OTHER PERIL; REMAINDER - 1% ALL-
PERIL DEDUCTIBLE
$100,000 LIABILITY; $1,000 MEDICAL PAYMENTS
Premium = Zone Base Rate X Protection Class Factor X Construction Factor X Amount Factor X Risk Amount / $100,000
RISK AMOUNT FACTORS
Risk Amount
Factor
$5,000
6.000
$10,000
3.650
$20,000
2.391
$30,000
2.100
$40,000
1.720
$50,000
1.500
$60,000
1.350
$70,000
1.240
$80,000
1.150
$90,000
1.070
$100,000
1.000
$110,000
0.950
$120,000
0.910
$130,000
0.870
$140,000
0.840
$150,000
0.810
$160,000
0.780
$170,000
0.753
$180,000
0.730
$190,000
0.707
$200,000
0.688
$250,000
0.634
$300,000
0.607
$350,000
0.589
$400,000
0.570
$450,000
0.558
$500,000
0.544
$550,000
0.533
$600,000
0.524
$650,000
0.515
$700,000
0.506
$750,000
0.498
HOMEOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
Each
Additional
Factor
$1,000
0.429
If insured for a risk amount less than 80% of the replacement cost, refer to the Rating Rule. For risk amounts
between those shown above, interpolate to derive the appropriate factor.
RENTERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
RENTERS
This section provides details on coverages and rating for the Renters policy form, including the information necessary to
develop the basic premiums.
COVERAGES - RENTERS
The policy contains two sections, each with various coverages.
A. Section I - Physical Damage Coverages
Coverages
Details
Minimums or Amounts
Coverage B - Personal Property
Applies to personal property
Based on personal property value
Types of Personal Property
Computers and Equipment
$5,000
Money, Bank Notes, and Coins
$200
Property used in a business
$1,000 on premises ($250 off premises)
Securities, Accounts, and Deeds
$1,000
Watercraft and Equipment
$1,000
Trailers not used with Watercraft
$1,000
Jewelry and Furs (Theft)
$1,000
Stamps, Trading Cards, and Comic Books
$2,500
Firearms (Theft)
$2,500
Area Rugs (Theft)
$10,000 ($5,000 per item)
Silverware and Goldware (Theft)
$2,500
Coverage C - Loss of Use
Additional Living Expense
Actual loss sustained within 24 months
Fair Rental Value
Actual loss sustained within 12 months
Additional Coverages
Arson Reward
$1,000
Building Additions and Alterations
15% of Coverage B amount
Collapse
Credit Card and Forgery
$1,000
Debris Removal
Fire Department Service Charge
$500
Lock Rekeying
Power Interruption
Property Removed
Refrigerated Products
Coverage B Limit
Temporary Repairs
Trees, Shrubs, and Other Plants
$500
Volcanic Action
Coverage B limits are subject to Inflation Coverage. For available options, see the Options section.
RENTERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
B. Section II - Liability Coverages
Coverages
Details
Minimums or Amounts
Coverage L - Personal Liability
Includes Comprehensive Personal Liability
$100,000 minimum
Coverage M - Medical Payments
Medical Payments to Others
$1,000 minimum
Additional Coverages
Damage to Property of Others
$500
Claim Expenses
First Aid Expenses
For available options, see the Options section.
RENTERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
LOSSES INSURED - RENTERS
Damage to insured's property is covered under Section I of the policy. As indicated in Item 1, there are two coverages
under Section I.
• Coverage B - Personal Property
• Coverage C - Loss of Use
Listed below are the losses that are insured:
• Fire or Lightning
• Windstorm or Hail
• Explosion
• Riot or Civil Commotion
• Aircraft
• Vehicles
• Smoke
• Vandalism or Malicious Mischief
• Breakage of Glass
• Theft
• Falling Objects
• Weight of Ice, Snow or Sleet
• Accidental Discharge of Water or Steam
• Sudden and Accidental Tearing Asunder, Cracking, Bursting or Bulging of Water Heating Systems or Appliances
• Freezing of Plumbing
• Damage from Artificially Generated Electricity
RENTERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
LOSS SETTLEMENT (SECTION I) - RENTERS
Losses for Coverage B are settled on a limited replacement cost less depreciation basis (Loss Settlement Provision
B2). Refer to the Options section for available options.
RENTERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
RATING - RENTERS
A. Determine the basic premium.
1. Select the correct ZONE, PROTECTION CLASS, and CONSTRUCTION.
2. Develop the value of the property by calculating the Replacement Cost Value of the personal property if
Replacement Cost on Personal Property Coverage will be purchased or the Replacement Cost less
Depreciation value if not. This value will be the Coverage B amount and the RISK AMOUNT.
3. From the basic rate pages, determine the premium based on the ZONE, PROTECTION CLASS, and
CONSTRUCTION from Step 1 and the RISK AMOUNT as determined in Step 2.
Premium = Zone Base Rate X Protection Class X Construction Factor X Amount Factor X Risk Amount /
Base Amount *
* The Base Amount is the Risk Amount which has a factor of 1.000.
Note: For amounts greater than the largest risk amount shown, calculate the premium for the additional
amount and add it to the premium for the largest risk amount shown.
4. Apply all applicable basic premium adjustments from the Basic Premium Adjustment section sequentially
in the order presented in that section to derive the basic premium.
B. Apply any remaining percentage adjustments for optional coverages to the basic premium.
C. Add any flat dollar adjustments for optional coverages to the basic premium.
D. Premium Calculation Example - Renters Policy
The following example shows the sequence for applying optional discounts, charges, and options (actual
premiums/rates were chosen arbitrarily for illustration purposes only).
1. Renters Basic Premium
a. Premium
$120 X 1.000 X 1.000 X 1.732 X $40,000 / $50,000 = $166.27
Rounded
=
$166
b. CRI Adjustment Factor (0.985)
$166 X 0.985 = $163.51
Rounded
=
$164
c. Claim Record Rating Adjustment (-10%)
$164 X 0.10 = $16.40
Rounded
=
- $16
Subtotal
=
$148
d. Limited Replacement Cost - Contents Charge (26% $18 minimum)
$148 X 0.26 = $38.48
Rounded
=
+$38
RENTERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
Subtotal
=
$186
e. $1,000 Deductible Adjustment (-18%)
$186 X 0.18 = $33.48
Rounded
=
- $33
Basic Premium
=
$153
2. Charge for $2,500 Jewelry and Furs = +$17
3. Charge for $500,000/$1,000 Section II = +$25
4. Final Premium (subject to policy minimum premium) = $195
Note: Each discount and charge is to be rounded to the nearest dollar before being subtracted from or added to
the basic premium.
RENTERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
RENTERS
ZONE 10 & 20 - 2% HURRICANE DEDUCTIBLE/$500 ALL OTHER PERIL; REMAINDER -
$500 ALL-PERIL DEDUCTIBLE
$100,000 LIABILITY; $1,000 MEDICAL PAYMENTS
Premium = Zone Base Rate X Protection Class Factor X Construction Factor X Amount Factor X Risk Amount / $20,000
ZONE BASE RATES
Zone
Rate
10
$306.50
20
$212.50
32
$161.50
45
$150.50
50
$144.00
51
$144.00
54
$144.00
60
$135.50
61
$172.50
63
$135.50
64
$135.50
65
$135.50
66
$135.50
67
$135.50
68
$135.50
69
$135.50
RENTERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
RENTERS
ZONE 10 & 20 - 2% HURRICANE DEDUCTIBLE/$500 ALL OTHER PERIL; REMAINDER -
$500 ALL-PERIL DEDUCTIBLE
$100,000 LIABILITY; $1,000 MEDICAL PAYMENTS
Premium = Zone Base Rate X Protection Class Factor X Construction Factor X Amount Factor X Risk Amount / $20,000
PROTECTION CLASS FACTORS
Zone Group
Protection Class
3
4 - 7
8
9
10
10C
10
1.000
1.000
1.125
1.441
1.654
1.600
20
1.000
1.000
1.126
1.444
1.657
1.610
32
1.000
1.000
1.118
1.435
1.646
1.600
45
1.000
1.000
1.116
1.432
1.639
1.590
50, 51, 54
1.000
1.000
1.116
1.435
1.646
1.600
60, 63, 64, 65, 66,
67, 68, 69
1.000 1.000 1.121 1.447 1.660 1.610
61
1.000
N/A
N/A
N/A
N/A
N/A
For Protection Class 10C:
ATTACH: Certified Fire Department Endorsement, FE-7511
RENTERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
RENTERS
ZONE 10 & 20 - 2% HURRICANE DEDUCTIBLE/$500 ALL OTHER PERIL; REMAINDER -
$500 ALL-PERIL DEDUCTIBLE
$100,000 LIABILITY; $1,000 MEDICAL PAYMENTS
Premium = Zone Base Rate X Protection Class Factor X Construction Factor X Amount Factor X Risk Amount / $20,000
CONSTRUCTION FACTORS
Construction
Protection
Class
Zone Group
10
20, 32, 45, 50,
51, 54, 60, 63,
64, 65, 66, 67,
68, 69
61
Frame
03
1.210
1.120
1.090
Log
03
1.210
1.120
1.090
Masonry
03
1.000
1.000
1.000
Fire Resistive
03
1.000
1.000
1.000
Masonry Veneer
03
1.000
1.000
1.000
Construction
Protection
Class
Zone Group
10
20, 32, 45, 50,
51, 54, 60, 63,
64, 65, 66, 67,
68, 69
61
Frame
04 - 07
1.210
1.120
N/A
Log
04 - 07
1.210
1.120
N/A
Masonry
04 - 07
1.000
1.000
N/A
Masonry Veneer
04 - 07
1.000
1.000
N/A
Fire Resistive
04 - 07
1.000
1.000
N/A
Construction
Protection
Class
Zone Group
10
20, 32, 45, 50,
51, 54, 60, 63,
64, 65, 66, 67,
68, 69
61
Frame
08
1.240
1.150
N/A
Log
08
1.240
1.150
N/A
Masonry
08
1.000
1.000
N/A
Masonry Veneer
08
1.000
1.000
N/A
Fire Resistive
08
1.000
1.000
N/A
RENTERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
Construction
Protection
Class
Zone Group
10
20, 32, 45, 50,
51, 54, 60, 63,
64, 65, 66, 67,
68, 69
61
Frame
09
1.200
1.110
N/A
Log
09
1.200
1.110
N/A
Masonry
09
1.000
1.000
N/A
Masonry Veneer
09
1.000
1.000
N/A
Fire Resistive
09
1.000
1.000
N/A
Construction
Protection
Class
Zone Group
10
20, 32, 45, 50,
51, 54, 60, 63,
64, 65, 66, 67,
68, 69
61
Frame
10 - 10C
1.330
1.230
N/A
Log
10 - 10C
1.330
1.230
N/A
Masonry
10 - 10C
1.000
1.000
N/A
Masonry Veneer
10 - 10C
1.000
1.000
N/A
Fire Resistive
10 - 10C
1.000
1.000
N/A
RENTERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
RENTERS
ZONE 10 & 20 - 2% HURRICANE DEDUCTIBLE/$500 ALL OTHER PERIL; REMAINDER -
$500 ALL-PERIL DEDUCTIBLE
$100,000 LIABILITY; $1,000 MEDICAL PAYMENTS
Premium = Zone Base Rate X Protection Class Factor X Construction Factor X Amount Factor X Risk Amount / $20,000
RISK AMOUNT FACTORS
Risk Amount
Factor
$6,000
1.540
$7,000
1.440
$8,000
1.365
$9,000
1.345
$10,000
1.295
$11,000
1.250
$12,000
1.215
$13,000
1.170
$14,000
1.160
$15,000
1.100
$20,000
1.000
$25,000
0.950
$30,000
0.880
$35,000
0.855
$40,000
0.835
$45,000
0.820
$50,000
0.810
$75,000
0.780
$100,000
0.765
$150,000
0.750
Each
Additional
Factor
$1,000
0.670
For risk amounts between those shown above, interpolate to derive the appropriate factor.
CONDOMINIUM UNITOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
CONDOMINIUM UNITOWNERS
This section provides details on coverages and rating for the Condominium Unitowners policy form, including the
information necessary to develop the basic premiums.
COVERAGES - CONDOMINIUM UNITOWNERS
The policy contains two sections, each with various coverages.
A. Section I - Physical Damage Coverages
Coverages
Details
Minimums or Amounts
Coverage A - Dwelling
Applies to building property
30% of Coverage B amount ($1,000 min.)
Coverage B - Personal Property
Applies to personal property
Based on personal property value
Types of Personal Property
Computers and Equipment
$5,000
Money, Bank Notes, and Coins
$200
Property used in a business
$1,000 on premises ($250 off premises)
Securities, Accounts, and Deeds
$1,000
Watercraft and Equipment
$1,000
Trailers not used with Watercraft
$1,000
Jewelry and Furs (Theft)
$1,000
Stamps, Trading Cards, and Comic Books
$2,500
Firearms (Theft)
$2,500
Area Rugs (Theft)
$10,000 ($5,000 per item)
Silverware and Goldware (Theft)
$2,500
Coverage C - Loss of Use
Additional Living Expense
Actual loss sustained within 24 months
Fair Rental Value
Actual loss sustained within 12 months
Coverage D - Loss Assessments
$1,000
Additional Coverages
Arson Reward
$1,000
Collapse
Credit Card and Forgery
$1,000
Debris Removal
Fire Department Service Charge
$500
Lock Rekeying
Power Interruption
Property Removed
Refrigerated Products
Coverage B Limit
Temporary Repairs
Trees, Shrubs, and Other Plants
$500
Volcanic Action
Coverage A and B limits are subject to Inflation Coverage. For available options, see the Options section.
CONDOMINIUM UNITOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
B. Section II - Liability Coverages
Coverages
Details
Minimums or Amounts
Coverage L - Personal Liability
Includes Comprehensive Personal Liability
$100,000 minimum
Coverage M - Medical Payments
Medical Payments to Others
$1,000 minimum
Additional Coverages
Damage to Property of Others
$500
Claim Expenses
First Aid Expenses
For available options, see the Options section.
CONDOMINIUM UNITOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
LOSSES INSURED - CONDOMINIUM UNITOWNERS
Damage to insured's property is covered under Section I of the policy. As indicated in Item 1, there are four coverages
under Section I.
• Coverage A - Dwelling
• Coverage B - Personal Property
• Coverage C - Loss of Use
• Coverage D - Loss Assessments
Listed below are the losses that are insured:
• Fire or Lightning
• Windstorm or Hail
• Explosion
• Riot or Civil Commotion
• Aircraft
• Vehicles
• Smoke
• Vandalism or Malicious Mischief
• Breakage of Glass
• Theft
• Falling Objects
• Weight of Ice, Snow or Sleet
• Accidental Discharge of Water or Steam
• Sudden and Accidental Tearing Asunder, Cracking, Bursting or Bulging of Water Heating Systems or Appliances
• Freezing of Plumbing
• Damage from Artificially Generated Electricity
Condominium Unitowners theft coverage on seasonals or units rented or held for rental more than 180 days is limited to
burglary coverage. Section II coverage applies on premises only.
CONDOMINIUM UNITOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
Coverages A and D on Condominium Unitowners policies are provided for accidental direct physical loss subject to
certain exclusions.
CONDOMINIUM UNITOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
LOSS SETTLEMENT (SECTION I) - CONDOMINIUM UNITOWNERS
Losses for Coverage B are settled on a limited replacement cost less depreciation basis (Loss Settlement Provision
B2). Refer to the Options section for available options.
CONDOMINIUM UNITOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
RATING - CONDOMINIUM UNITOWNERS
A. Determine the basic premium.
1. Select the correct ZONE, PROTECTION CLASS, and CONSTRUCTION.
2. Develop the value of the property by calculating the Replacement Cost Value of the personal property if
Replacement Cost on Personal Property Coverage will be purchased or the Replacement Cost less
Depreciation value if not. This value will be the Coverage B amount and the RISK AMOUNT.
3. From the basic rate pages, determine the premium based on the ZONE, PROTECTION CLASS, and
CONSTRUCTION from Step 1 and the RISK AMOUNT as determined in Step 2.
Premium = Zone Base Rate X Protection Class X Construction Factor X Amount Factor X Risk Amount /
Base Amount *
* The Base Amount is the Risk Amount which has a factor of 1.000.
Note: For amounts greater than the largest risk amount shown, calculate the premium for the additional
amount and add it to the premium for the largest risk amount shown.
4. Apply all applicable basic premium adjustments from the Basic Premium Adjustment section sequentially
in the order presented in that section to derive the basic premium.
B. Apply any remaining percentage adjustments for optional coverages to the basic premium.
C. Add any flat dollar adjustments for optional coverages to the basic premium.
D. Premium Calculation Example - Condominium Unitowners Policy
The following example shows the sequence for applying optional discounts, charges, and options (actual
premiums/rates were chosen arbitrarily for illustration purposes only).
1. Condominium Unitowners Basic Premium
a. Premium
$120 X 1.000 X 1.000 X 1.732 X $40,000 / $50,000 = $166.27
Rounded
=
$166
b. CRI Adjustment Factor (0.985)
$166 X 0.985 = $163.51
Rounded
=
$164
c. Adjustment for 1-56 days rental (10%)
$164 X 0.10 = $16.40
Rounded
=
+$16
Subtotal
=
$180
d. Limited Replacement Cost - Contents Charge (26% $18 minimum)
$180 X 0.26 = $46.80
Rounded
=
+$47
CONDOMINIUM UNITOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
Subtotal
=
$227
e. $1,000 Deductible Adjustment (-18%)
$227 X 0.18 = $40.86
Rounded
=
- $41
Basic Premium
=
$186
2. Charge for $2,500 Jewelry and Furs = +$17
3. Charge for $7,500 Additional Loss Assessments Coverage
a. First $1,000 ($10.00 per $1,000)
$10.00 X 1.0 = $10.00
Rounded
=
+$10
b. Next $6,500 ($0.15 per $1,000)
$0.15 X 6.5 = $0.98
Rounded
=
+$1
4. Charge for $500,000/$1,000 Section II = +$25
5. Final Premium (subject to policy minimum premium) = $239
Note: Each discount and charge is to be rounded to the nearest dollar before being subtracted from or added to
the basic premium.
CONDOMINIUM UNITOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
CONDOMINIUM UNITOWNERS
ZONE 10 & 20 - 2% HURRICANE DEDUCTIBLE/$500 ALL OTHER PERIL; REMAINDER -
$500 ALL-PERIL DEDUCTIBLE
$100,000 LIABILITY; $1,000 MEDICAL PAYMENTS
Premium = Zone Base Rate X Protection Class Factor X Construction Factor X Amount Factor X Risk Amount / $20,000
ZONE BASE RATES
Zone
Rate
10
$560.00
20
$229.50
32
$180.50
45
$161.50
50
$150.50
51
$150.50
54
$150.50
60
$123.50
61
$153.50
63
$123.50
64
$123.50
65
$123.50
66
$123.50
67
$123.50
68
$123.50
69
$123.50
CONDOMINIUM UNITOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
CONDOMINIUM UNITOWNERS
ZONE 10 & 20 - 2% HURRICANE DEDUCTIBLE/$500 ALL OTHER PERIL; REMAINDER -
$500 ALL-PERIL DEDUCTIBLE
$100,000 LIABILITY; $1,000 MEDICAL PAYMENTS
Premium = Zone Base Rate X Protection Class Factor X Construction Factor X Amount Factor X Risk Amount / $20,000
PROTECTION CLASS FACTORS
Zone Group
Protection Class
3
4 - 7
8
9
10
10C
10
1.000
1.000
1.120
1.443
1.651
1.600
20
1.000
1.000
1.120
1.443
1.650
1.600
32
1.000
1.000
1.117
1.439
1.643
1.590
45
1.000
1.000
1.124
1.444
1.651
1.600
50, 51, 54
1.000
1.000
1.123
1.444
1.654
1.600
60, 63, 64, 65, 66,
67, 68, 69
1.000 1.000 1.122 1.449 1.653 1.600
61
1.000
N/A
N/A
N/A
N/A
N/A
For Protection Class 10C:
ATTACH: Certified Fire Department Endorsement, FE-7511
CONDOMINIUM UNITOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
CONDOMINIUM UNITOWNERS
ZONE 10 & 20 - 2% HURRICANE DEDUCTIBLE/$500 ALL OTHER PERIL; REMAINDER -
$500 ALL-PERIL DEDUCTIBLE
$100,000 LIABILITY; $1,000 MEDICAL PAYMENTS
Premium = Zone Base Rate X Protection Class Factor X Construction Factor X Amount Factor X Risk Amount / $20,000
CONSTRUCTION FACTORS
Construction
Protection
Class
Zone Group
10
20, 32, 45, 50,
51, 54, 60, 63,
64, 65, 66, 67,
68, 69
61
Frame
03
1.210
1.120
1.090
Log
03
1.210
1.120
1.090
Masonry
03
1.000
1.000
1.000
Fire Resistive
03
1.000
1.000
1.000
Masonry Veneer
03
1.000
1.000
1.000
Construction
Protection
Class
Zone Group
10
20, 32, 45, 50,
51, 54, 60, 63,
64, 65, 66, 67,
68, 69
61
Frame
04 - 07
1.210
1.120
N/A
Log
04 - 07
1.210
1.120
N/A
Masonry
04 - 07
1.000
1.000
N/A
Masonry Veneer
04 - 07
1.000
1.000
N/A
Fire Resistive
04 - 07
1.000
1.000
N/A
Construction
Protection
Class
Zone Group
10
20, 32, 45, 50,
51, 54, 60, 63,
64, 65, 66, 67,
68, 69
61
Frame
08
1.240
1.150
N/A
Log
08
1.240
1.150
N/A
Masonry
08
1.000
1.000
N/A
Masonry Veneer
08
1.000
1.000
N/A
Fire Resistive
08
1.000
1.000
N/A
CONDOMINIUM UNITOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
Construction
Protection
Class
Zone Group
10
20, 32, 45, 50,
51, 54, 60, 63,
64, 65, 66, 67,
68, 69
61
Frame
09
1.200
1.110
N/A
Log
09
1.200
1.110
N/A
Masonry
09
1.000
1.000
N/A
Masonry Veneer
09
1.000
1.000
N/A
Fire Resistive
09
1.000
1.000
N/A
Construction
Protection
Class
Zone Group
10
20, 32, 45, 50,
51, 54, 60, 63,
64, 65, 66, 67,
68, 69
61
Frame
10 - 10C
1.330
1.230
N/A
Log
10 - 10C
1.330
1.230
N/A
Masonry
10 - 10C
1.000
1.000
N/A
Masonry Veneer
10 - 10C
1.000
1.000
N/A
Fire Resistive
10 - 10C
1.000
1.000
N/A
CONDOMINIUM UNITOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
CONDOMINIUM UNITOWNERS
ZONE 10 & 20 - 2% HURRICANE DEDUCTIBLE/$500 ALL OTHER PERIL; REMAINDER -
$500 ALL-PERIL DEDUCTIBLE
$100,000 LIABILITY; $1,000 MEDICAL PAYMENTS
Premium = Zone Base Rate X Protection Class Factor X Construction Factor X Amount Factor X Risk Amount / $20,000
RISK AMOUNT FACTORS
Risk Amount
Factor
$2,000
2.770
$6,000
1.540
$7,000
1.440
$8,000
1.365
$9,000
1.345
$10,000
1.295
$11,000
1.250
$12,000
1.215
$13,000
1.170
$14,000
1.160
$15,000
1.100
$20,000
1.000
$25,000
0.950
$30,000
0.880
$35,000
0.855
$40,000
0.835
$45,000
0.820
$50,000
0.810
$75,000
0.780
$100,000
0.765
$125,000
0.755
$150,000
0.750
$175,000
0.740
$200,000
0.730
$225,000
0.720
$250,000
0.710
$275,000
0.705
$300,000
0.700
Each
Additional
Factor
CONDOMINIUM UNITOWNERS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
Each
Additional
Factor
$1,000
0.670
For risk amounts between those shown above, interpolate to derive the appropriate factor.
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
BASIC PREMIUM ADJUSTMENTS
The following adjustments apply to develop the basic premium. If applicable, these basic premium adjustments must be
applied prior to adjustment for discounts, charges, or options.
The basic premium adjustments shall apply sequentially as presented in this section. Each subsequent adjustment is
applied to the previously adjusted premium.
CUSTOMER RATING INDEX (CRI) FACTOR
The basic premium shall be adjusted by the CRI Factor in accordance with the following provisions:
A. New Business Rating
A New Business CRI will be used to determine the CRI Factor when a policy is initially written (see Section D
below). The New Business CRI will continue to be used at each renewal in determining the CRI Factor for at
least two years after the policy is initially written.
B. Subsequent Rating
At each renewal, beginning at most three years from the initial effective date of the New Business CRI, a Renewal
CRI will be used to determine the CRI Factor.
C. CRI Factor
The CRI Factor is determined using the formulas below. The CRI Factor shall be rounded to 3 decimal places
and is subject to the specified minimum and maximum factors.
NEW BUSINESS RATING
Formula
Minimum
Factor
Maximum
Factor
CRI Factor = 1.003
(5600 - CRI)
0.850
2.500
SUBSEQUENT RATING
Formula
Minimum
Factor
Maximum
Factor
CRI Factor = 1.003
(5600 - CRI)
0.850
2.500
D. Miscellaneous Provision
If a policy is issued to a named insured to replace a State Farm policy on property currently insured by that
person, e.g. due to refinancing of the home, due to a change of effective dates, or due to a Renter's policy
address change, the CRI from the former policy will apply. If this was a Renewal CRI, the time requirements in
Sections A and B of this rule are waived and Subsequent Rating applies. If this was a New Business CRI, the
time requirements in Sections A and B are measured from when the New Business CRI was used initially.
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
E. Reinstatements
Policies reinstated within 30 days of the date on which coverage ceases will use the CRI applicable when
coverage ceased.
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
INSURANCE TO REPLACEMENT COST (Homeowners Only)
If the dwelling is insured for an amount less than 80% of replacement cost, then the following three adjustments are
required:
A. Replacement Cost - Common Construction
Apply the appropriate factor below to the premium for the amount equal to 80% of the dwelling replacement cost
(adjusted for preceding basic premium adjustments):
Coverage A/Replacement Cost
Basic Premium
Adjustment
At Least
But Less Than
0.70
0.80
0.89
0.60
0.70
0.87
0.50
0.60
0.85
0.40
0.50
0.82
0.30
0.40
0.79
0.20
0.30
0.75
0.00
0.20
0.70
B. Depreciated Loss Settlement - Contents
The following adjustment applies to the premium developed in A.:
Basic Premium
Adjustment
-6%
C. Jewelry and Furs Limitation
Subtract the following from the premium developed above:
Basic Premium
Adjustment
-$7
ACTIVATE: Loss Settlement Provision A2 - Replacement Cost - Common Construction
ACTIVATE: Loss Settlement Provision B2 - Depreciated Loss Settlement (Contents)
ATTACH: Special Limits Endorsement, FE-5258
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
CONDOMINIUM UNITOWNERS OCCUPANCY
If the condominium unit has any rental exposure, then the following adjustment applies to the Condominium Unitowners
premium:
Number of Days Rented
or Held for Rental
Basic Premium
Adjustment
1 - 56 days per year
10%
57 - 90 days per year
35%
91 - 180 days per year
35%
Over 180 days per year but less than 100%
35%
ATTACH: FE-5252, Unitowners Rental to Others Endorsement, if rental is 1-180 days
ATTACH: FE-5253, Unitowners Rental/Seasonal Occupancy Endorsement, if rental is over 180 days
For seasonal condominium units, rate in accordance with above occupancy and attach FE-5253.
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
CLAIM FREE DISCOUNT
If the policy is claim free, a premium credit will apply. A policy will be considered claim free in the following situations:
A. Policies that have been in-force with State Farm 0-2 consecutive years will be considered claim free if both the
following criteria are met:
1. The named insureds/applicants have had no losses pertaining to the personal residence or claims
covered under personal residence insurance (Homeowners, Condominium Unitowners, Renters,
Manufactured Home, or Farm/Ranch) in the last 5 years prior to being insured with State Farm. A claim
during the 5 year period prior to being insured with State Farm will not be considered so long as the claim
arose from an incident in which there was no damage or injury.
2. There are no Qualified Claims while being insured with State Farm.
B. Policies that have been in-force 3 or more consecutive years with State Farm that have no Qualified Claims
during the last 3 years (ending 3 months prior to the current renewal effective date).
Consecutive Years
Insured with State Farm
Basic Premium
Adjustment
0 - 2
-7%
3 - 5
-13%
6 - 8
-15%
9 +
-20%
Consecutive Years Insured with State Farm
The years with State Farm are determined by the number of consecutive years (ending with the current renewal date) the
named insured or spouse has had a State Farm Homeowners, Manufactured Home, or Farm/Ranch policy covering their
primary dwelling or contents. Although the number of consecutive years is based on the policy on the primary dwelling or
contents, it will also be used for any non-primary residence insured by State Farm.
If an applicant returns within three years of cancellation or expiration, and has had no losses or claims in the last five
years, then use the consecutive years insured with State Farm which applied at the time of cancellation or expiration.
Number of Qualified Paid Claims in the Last 3 Years
The number of claims is determined by the number of qualified paid claims the policyholder has had in the last 3 years
(ending 3 months prior to the current renewal effective date). A qualified claim is considered to be any non-catastrophe or
non-weather related claim which results in a paid loss during this 3 year period. Losses which only have payments under
Medical Payments coverage, losses which occurred prior to the policyholder's current tenure with State Farm, or losses
for which subrogation payments have been received are not considered qualified claims.
The number of qualified Section I (Property Coverages) claims may be reduced or eliminated with the selection of a
higher deductible. All claims that would not have applied if this higher deductible had been in force at the time of the claim
are removed from the total qualified claim count.
The number of qualified Section II (Liability) claims may be reduced or eliminated with the elimination of the exposure
which caused the claim.
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
CLAIM RECORD RATING PLAN
If the named insured qualifies for the Claim Free Discount, the policy is not eligible for the Claim Record Rating Plan. The
basic premium will be adjusted based upon the combination of consecutive years insured with State Farm and the number
of qualified paid claims.
A. Consecutive Years Insured with State Farm
The years with State Farm are determined by the number of consecutive years (ending with the current renewal
date) the named insured or spouse has had a State Farm Homeowners, Manufactured Home, or Farm/Ranch
policy covering their primary dwelling or contents. Although the number of consecutive years is based on the
policy on the primary dwelling or contents, it will also be used for any non-primary residence insured by State
Farm.
If an applicant returns within three years of cancellation or expiration, and has had no losses or claims in the last
five years, then use the consecutive years insured with State Farm which applied at the time of cancellation or
expiration.
B. Number of Qualified Paid Claims in the Last 3 Years
The number of claims is determined by the number of qualified paid claims the policyholder has had in the last 3
years (ending 3 months prior to the current renewal effective date). A qualified claim is considered to be any non-
catastrophe or non-weather related claim which results in a paid loss during this 3 year period. Losses which only
have payments under Medical Payments coverage, losses which occurred prior to the policyholder's current
tenure with State Farm, or losses for which subrogation payments have been received are not considered
qualified claims.
The number of qualified Section I (Property Coverages) claims may be reduced or eliminated with the selection of
a higher deductible. All claims that would not have applied if this higher deductible had been in force at the time
of the claim are removed from the total qualified claim count.
The number of qualified Section II (Liability) claims may be reduced or eliminated with the elimination of the
exposure which caused the claim.
C. Basic Premium Adjustment
The basic premium will be adjusted according to the table below:
Consecutive
Years Insured with
State Farm
Basic Premium Adjustment
Number of Qualified Paid Claims in the Last 3 Years
0
1
2
3
4 +
0 - 2 with Prior Claims
0%
20%
70%
125%
200%
0 - 2 without Prior Claims
-7%
15%
65%
125%
200%
3 - 5
-13%
10%
60%
120%
200%
6 - 8
-15%
5%
55%
115%
200%
9 +
-20%
-20%
30%
110%
200%
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
A prior claim exists whenever the named insureds/applicants have had any losses pertaining to the personal
residence or claims covered under personal residence insurance (Homeowners, Condominium Unitowners,
Renters, Manufactured Home, or Farm/Ranch) in the last 5 years prior to being insured with State Farm. A claim
during the 5 year period prior to being insured with State Farm will not be considered a prior claim so long as the
claim arose from an incident in which there was no damage or injury.
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
HOME/AUTO DISCOUNT
The basic premium shall be reduced by the following if the named insured is also the named insured on a private
passenger automobile policy written as voluntary business by State Farm.
Basic Premium
Adjustment
-20%
Note: The following vehicles are not qualifying policies for this discount:
• Motor homes, Truck or Van Campers (Recreational Use)
• Motorcycles, Motorscooters, and Motorized bicycles
• Antique and Classic Automobiles and Replicas
• Fleets insured under the provisions of the Experience Rating Plan
• Recreational vehicles
• Driver Training Automobiles
• Funeral Directors' Automobiles
• Automobiles Leased to United States Government Agencies
• Named Non-Owner and Employers Non-Ownership Liability/Hired Cars
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
UTILITIES RATING PLAN (Homeowners Only)
The following adjustment applies to the basic premium depending on the calendar year that the dwelling was completed
and first occupied or the calendar year that utilities were updated. If the year first occupied is different than the year
completed, the later year is used in determination of the applicable premium adjustment. If the utilities were updated in
different years, then the premium adjustment is based on the earliest year in which any one of the utilities was updated.
For utilities to be considered completely updated and qualify for the discount, all of the following must be updated by
qualified contractors with all work conforming to local code requirements:
A. Plumbing - improvements should include the installation of new water lines within the structure and plumbing
fixtures.
B. Electrical service - improvements should include the replacement of fuse or breaker boxes, switches, fixtures, and
wiring.
C. Heating and cooling system - improvements should include furnace and air-conditioning replacement, or
replacement of burners on furnaces and compressors on central air-conditioning systems.
For Homes Completed and Occupied
or Utilities Updated
Basic Premium
Adjustment
During current calendar year
-38%
One year preceding current calendar year
-35%
Two years preceding current calendar year
-30%
Three years preceding current calendar year
-26%
Four years preceding current calendar year
-22%
Five years preceding current calendar year
-18%
Six years preceding current calendar year
-13%
Seven years preceding current calendar year
-8%
Eight years preceding current calendar year
-5%
Nine years or more preceding current calendar year
0%
Note: A dwelling under construction shall receive the same discount as would a home completed and occupied during
the current calendar year. The Coverage A amount for a dwelling under construction should equal 100% of the completed
dwelling replacement cost.
ATTACH: Valuation Endorsement, FE-7347
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
HOME ALERT PROTECTION
The following discounts apply to the basic premium for fire and burglary prevention efforts by the policyholder:
Description
Basic Premium Adjustment
Renters and
Condominium
Unitowners
Homeowners
Fire or Smoke Local Alarm -2% 0%
Burglar Alarm System -3% 0%
Fire or Smoke Detectors which also activate either a digital dialer or a
voice synthesized (not tape) telephone dialer
-4% 0%
Fire or Smoke Local Alarm and Burglar Alarm System -5% 0%
Fire or Smoke Local Alarm, Dead Bolt Locks and Fire Extinguisher -5% 0%
Fire or Smoke Detectors which also activate either a digital dialer or a
voice synthesized (not tape) telephone dialer, Dead Bolt Locks and Fire
Extinguisher
-7% -2%
Burglar Alarm System, Fire or Smoke Local Alarm, Dead Bolt Locks
and Fire Extinguisher
-7% -2%
Fire and/or Burglar Alarm reporting to either Fire Dept., Police Dept. or
Central Station, Dead Bolt Locks and Fire Extinguisher
-15% -10%
Telephone dialer discounts do not apply in areas where dialers are prohibited by ordinance or law.
Only one discount from the above schedule may be applied per policy. No combination of discounts, other than shown, is
permitted.
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
AUTOMATIC SPRINKLER DISCOUNT
The following discounts apply to the basic premium for automatic sprinkler systems in the dwelling:
Description
Basic Premium
Adjustment
Automatic sprinklers in all areas including bathrooms, attics,
closets, and attached structures
-10%
Automatic sprinklers totally or partially omitted in bathrooms,
attics, closets, and attached structures
-5%
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
LOSS SETTLEMENT - PERSONAL PROPERTY
A. Homeowners
Losses for personal property are settled on either a limited replacement cost without deduction for depreciation or
a depreciated loss settlement basis depending on the insured's coverage selections. The basic Coverage B limit
is also based on these coverage selections. The following chart summarizes these options:
Loss
Settlement
Provision
Basis of
Loss Settlement
Coverage B
B1
Limited Replacement Cost
75% of Coverage A
B2
Depreciated Loss Settlement
55% of Coverage A
1. Dwellings insured for at least 80% of replacement cost
When the dwelling is insured for at least 80% of replacement cost, personal property losses are settled
according to the Loss Settlement Provision B1. The basic premiums contemplate this coverage, but this
basic coverage can be changed to a depreciated loss settlement basis for a premium discount. The
selection of depreciated loss settlement coverage also reduces the Coverage B limit from 75% to 55% of
the Coverage A limit.
Basic Premium
Adjustment
-6%
ACTIVATE: Loss Settlement Provision B2 - Depreciated Loss Settlement
2. Dwellings insured for less than 80% of replacement cost
When the dwelling is insured for less than 80% of replacement cost, personal property losses are settled
according to Loss Settlement Provision B2. The basic premiums (after adjustment for Insurance to
Replacement Cost) contemplate this coverage. This basic coverage can be changed to a limited
replacement cost basis for a premium charge. The selection of limited replacement cost coverage also
increases the Coverage B limit from 55% to 75% of the Coverage A limit.
Basic Premium
Adjustment
Minimum
Adjustment
12%
$23
ACTIVATE: Loss Settlement Provision B1 - Limited Replacement Cost
B. Renters and Condominium Unitowners
The basic premiums contemplate loss settlement on a replacement cost less depreciation basis (Loss Settlement
Provision B2). The Limited Replacement Cost Option is available only when Inflation Coverage applies to the
policy.
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
The additional premium for this coverage shall be determined by applying the following percentage charge to the
basic premium.
Basic Premium
Adjustment
Minimum
Adjustment
27%
$31
ACTIVATE: Loss Settlement Provision B1 - Limited Replacement Cost
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
REPLACEMENT COST - COMMON CONSTRUCTION (Homeowners Only)
The loss settlement provision for Coverage A may be revised to provide for repair or replacement with commonly
used materials. The basic premiums contemplate this coverage if the home is insured for an amount less than
80% of the replacement cost. For homes insured for at least 80% of replacement cost, the following adjustment
applies to the basic premium.
Basic Premium
Adjustment
-10%
ACTIVATE: Loss Settlement Provision A2 - Replacement Cost - Common Construction
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
WIND MITIGATION DISCOUNT PLAN
Sufficient certification and construction records are required to be submitted by the policyholder prior to application of
adjustments associated with this plan. The discount will be effective on the date the inspection was completed or
improvements made if documentation is received by State Farm in 60 days or less. If over 60 days, the discount will be
effective on the day the documentation is received by State Farm.
The adjustments do not apply if Windstorm or Hail exclusion applies.
A. Building Construction Standards
If the home has been designated by the Institute for Business and Home Safety (IBHS) as Fortified...for
safer living including the hurricane mitigation section of the program, then a basic premium adjustment
applies as shown in the table below. Otherwise, for homes that do not meet this criterion but are built in
accordance with the 2006 International Residential Code (IRC) including all hurricane mitigation
construction requirements, then a separate basic premium adjustment is applied as shown in the table
below.
Zone Group
Fortified for Safer Living
Homeowners Renters
Condominium
Unitowners
10
-30%
-21%
-25%
20
-25%
-15%
-19%
32
-17%
-7%
-10%
45
-13%
-7%
-10%
Zone Group
2006 IRC
Homeowners Renters
Condominium
Unitowners
10
-26%
-17%
-20%
20
-22%
-13%
-16%
32
-15%
-6%
-10%
45
-12%
-6%
-10%
If the home has been designated by the Institute for Business and Home Safety (IBHS) as Fortified for
Existing Homes: Hurricane Fortified Bronze, Silver, or Gold then a basic premium adjustment applies as
shown in the tables below. (For each of the hurricane levels above, Option 2 of Hurricane Fortified
Bronze must be satisfied.)
Zone Group
Fortified for Existing Homes: Hurricane Fortified Bronze
Homeowners Renters
Condominium
Unitowners
10
-13%
-10%
-11%
20
-13%
-8%
-10%
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
Zone Group
Fortified for Existing Homes: Hurricane Fortified Bronze
Homeowners Renters
Condominium
Unitowners
32
-10%
-4%
-6%
45
-8%
-4%
-6%
Zone Group
Fortified for Existing Homes: Hurricane Fortified Silver
Homeowners Renters
Condominium
Unitowners
10
-26%
-17%
-20%
20
-22%
-13%
-17%
32
-16%
-6%
-10%
45
-12%
-6%
-10%
Zone Group
Fortified for Existing Homes: Hurricane Fortified Gold
Homeowners Renters
Condominium
Unitowners
10
-28%
-19%
-23%
20
-24%
-15%
-18%
32
-17%
-7%
-10%
45
-13%
-7%
-10%
B. Opening Protection
The following discount applies to the basic premium for the presence of qualifying opening protection at
all exterior envelope openings (such as windows, garage doors, sliding doors, swinging doors, glass
block, door sidelights, and skylights) on the dwelling structure. For the discount to apply, the following
conditions must be met:
1. All exterior building envelope openings with glazing (e.g. glass) shall have qualifying impact-
resistant and wind pressure-resistant opening protection.
2. All exterior building envelope openings without glazing shall have qualifying wind pressure-
resistant opening protection.
3. All garage doors (with and without glazing) shall meet or exceed a qualifying minimum pressure
resistance.
4. Opening protection must be installed by a qualified contractor, according to the manufacturer's
specifications.
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
5. Impact-resistant protective devices must not be made of wood structural panels, such as OSB or
plywood, or be homemade.
6. Multi-unit buildings must be completely protected for an individual unit owner to qualify unless the
unit is in a section of the building that is reasonably separated from the remainder of the building
and that section is completely protected.
This discount is not available if the Fortified for Safer Living discount applies, if the 2006 IRC discount
applies, or if the Fortified for Existing Homes: Hurricane Fortified Silver or Gold discounts apply.
Zone Group
Basic Premium Adjustment
Renters and
Condominium
Unitowners
Homeowners
10
-6%
-10%
20
-2%
-6%
32
N/A
-4%
45
N/A
-2%
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
HURRICANE DEDUCTIBLES
Hurricane deductibles are available as shown in the tables below. To apply, the hurricane deductible dollar amount must
be greater than the basic policy (all other peril) deductible dollar amount.
Changes to hurricane deductibles are not permitted mid-term
HOMEOWNERS
Zone
Hurricane Deductible
1% All-Peril
2%
5%
10%
15%
10
5%
0%
-11%
-23%
-30%
20
5%
0%
-11%
-23%
-30%
32
0%
-4%
-11%
-20%
N/A
45
0%
-3%
-7%
-10%
N/A
50
0%
-2%
-4%
N/A
N/A
51
0%
-2%
-4%
N/A
N/A
54
0%
-2%
-4%
N/A
N/A
60
0%
-1%
N/A
N/A
N/A
61
0%
-1%
N/A
N/A
N/A
63
0%
-1%
N/A
N/A
N/A
64
0%
-1%
N/A
N/A
N/A
65
0%
-1%
N/A
N/A
N/A
66
0%
-1%
N/A
N/A
N/A
67
0%
-1%
N/A
N/A
N/A
68
0%
-1%
N/A
N/A
N/A
69
0%
-1%
N/A
N/A
N/A
ATTACH: Hurricane Deductible Endorsement, FE-5301
RENTERS AND CONDOMINIUM UNITOWNERS
Zone
Hurricane Deductible
$500 All-Peril
2%
5%
10%
15%
10
1%
0%
-7%
-15%
-21%
20
1%
0%
-6%
-13%
N/A
32
0%
-1%
-3%
N/A
N/A
45
0%
N/A
N/A
N/A
N/A
50
0%
N/A
N/A
N/A
N/A
51
0%
N/A
N/A
N/A
N/A
54
0%
N/A
N/A
N/A
N/A
60
0%
N/A
N/A
N/A
N/A
61
0%
N/A
N/A
N/A
N/A
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
Zone
Hurricane Deductible
$500 All-Peril
2%
5%
10%
15%
63
0%
N/A
N/A
N/A
N/A
64
0%
N/A
N/A
N/A
N/A
65
0%
N/A
N/A
N/A
N/A
66
0%
N/A
N/A
N/A
N/A
67
0%
N/A
N/A
N/A
N/A
68
0%
N/A
N/A
N/A
N/A
69
0%
N/A
N/A
N/A
N/A
ATTACH: Hurricane Deductible Endorsement, FE-5302
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
WINDSTORM OR HAIL EXCLUSION
If the perils of Windstorm and Hail are excluded, the following adjustments apply. If the Windstorm and Hail Exclusion
applies, hurricane deductibles are not available.
Zone Group
Basic Premium Adjustment
Homeowners Renters
Condominium
Unitowners
10
-83%
-60%
-75%
20
-75%
-45%
-60%
32
-55%
-25%
-35%
ATTACH: Windstorm or Hail Exclusion Endorsement, FE-7512
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
DEDUCTIBLES
A. Homeowners
The basic premiums include a 1% all-peril deductible. For other deductibles, apply the adjustment shown in the
tables below, based on the Coverage A amount.
Zone Group
Coverage A
Amount of Insurance
Basic Premium Adjustment
Policy Deductible
1% ($1,000
Minimum)
1/2%
1% ($500
Minimum)
2% 3%
10, 20, 32
$1 - $7,499
-36%
N/A
N/A
N/A
N/A
10, 20, 32
$7,500 - $14,999
-28%
N/A
N/A
N/A
N/A
10, 20, 32
$15,000 - $24,999
-22%
N/A
N/A
N/A
N/A
10, 20, 32
$25,000 - $34,999
-15%
N/A
N/A
N/A
N/A
10, 20, 32
$35,000 - $44,999
-13%
N/A
N/A
N/A
N/A
10, 20, 32
$45,000 - $49,999
-10%
N/A
N/A
N/A
N/A
10, 20, 32
$50,000 - $64,999
-8%
N/A
N/A
-10%
-17%
10, 20, 32
$65,000 - $74,999
-4%
N/A
N/A
-10%
-17%
10, 20, 32
$75,000 - $84,999
-2%
N/A
N/A
-10%
-17%
10, 20, 32
$85,000 - $99,999
0%
N/A
N/A
-10%
-17%
10, 20, 32
$100,000 +
0%
N/A
N/A
-10%
-17%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$1 - $7,499 N/A N/A -26% N/A N/A
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$7,500 - $14,999 N/A N/A -19% N/A N/A
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$15,000 - $24,999 N/A N/A -12% N/A N/A
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$25,000 - $34,999 N/A N/A -6% N/A N/A
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$35,000 - $44,999 N/A N/A -2% N/A N/A
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$45,000 - $49,999 N/A N/A 0% N/A N/A
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$50,000 - $99,999 N/A N/A 0% -10% -17%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$100,000 + N/A 9% 0% -10% -17%
Zone Group
Coverage A
Amount of Insurance
Basic Premium Adjustment
Policy Deductible
$500
$1,000
$2,000
$5,000
$10,000
10, 20, 32
$1 - $7,499
N/A
-36%
-45%
-59%
-63%
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
Zone Group
Coverage A
Amount of Insurance
Basic Premium Adjustment
Policy Deductible
$500
$1,000
$2,000
$5,000
$10,000
10, 20, 32
$7,500 - $14,999
N/A
-28%
-39%
-54%
-63%
10, 20, 32
$15,000 - $24,999
N/A
-22%
-32%
-49%
-58%
10, 20, 32
$25,000 - $34,999
N/A
-15%
-26%
-44%
-56%
10, 20, 32
$35,000 - $44,999
N/A
-13%
-23%
-41%
-55%
10, 20, 32
$45,000 - $49,999
N/A
-10%
-20%
-39%
-52%
10, 20, 32
$50,000 - $64,999
N/A
-8%
-18%
-36%
-48%
10, 20, 32
$65,000 - $74,999
N/A
-4%
-16%
-32%
-46%
10, 20, 32
$75,000 - $84,999
N/A
-1%
-12%
-29%
-45%
10, 20, 32
$85,000 - $99,999
N/A
1%
-10%
-27%
-44%
10, 20, 32
$100,000 - $104,999
N/A
2%
-9%
-26%
-41%
10, 20, 32
$105,000 - $114,999
N/A
3%
-8%
-23%
-39%
10, 20, 32
$115,000 - $124,999
N/A
4%
-6%
-22%
-37%
10, 20, 32
$125,000 - $134,999
N/A
5%
-5%
-21%
-35%
10, 20, 32
$135,000 - $144,999
N/A
6%
-4%
-20%
-34%
10, 20, 32
$145,000 - $154,999
N/A
7%
-2%
-18%
-32%
10, 20, 32
$155,000 - $164,999
N/A
8%
-1%
-17%
-30%
10, 20, 32
$165,000 - $174,999
N/A
8%
0%
-16%
-29%
10, 20, 32
$175,000 - $184,999
N/A
9%
1%
-15%
-28%
10, 20, 32
$185,000 - $194,999
N/A
10%
2%
-14%
-26%
10, 20, 32
$195,000 - $204,999
N/A
11%
2%
-13%
-26%
10, 20, 32
$205,000 - $214,999
N/A
12%
2%
-12%
-25%
10, 20, 32
$215,000 - $224,999
N/A
13%
3%
-11%
-24%
10, 20, 32
$225,000 - $234,999
N/A
14%
3%
-10%
-23%
10, 20, 32
$235,000 - $244,999
N/A
15%
4%
-10%
-22%
10, 20, 32
$245,000 - $274,999
N/A
15%
4%
-9%
-21%
10, 20, 32
$275,000 - $324,999
N/A
20%
7%
-6%
-18%
10, 20, 32
$325,000 - $374,999
N/A
23%
9%
-4%
-16%
10, 20, 32
$375,000 - $424,999
N/A
26%
11%
-1%
-13%
10, 20, 32
$425,000 - $474,999
N/A
28%
13%
1%
-11%
10, 20, 32
$475,000 - $524,999
N/A
30%
15%
2%
-9%
10, 20, 32
$525,000 - $574,999
N/A
32%
18%
3%
-7%
10, 20, 32
$575,000 - $624,999
N/A
34%
20%
4%
-6%
10, 20, 32
$625,000 - $674,999
N/A
36%
22%
5%
-4%
10, 20, 32
$675,000 - $724,999
N/A
37%
23%
6%
-4%
10, 20, 32
$725,000 - $750,000
N/A
38%
24%
7%
-2%
10, 20, 32
$750,001 - $781,499
N/A
39%
25%
7%
-2%
10, 20, 32
$781,500 - $843,999
N/A
40%
26%
8%
-1%
10, 20, 32
$844,000 - $906,499
N/A
41%
28%
9%
0%
10, 20, 32
$906,500 - $968,999
N/A
42%
29%
10%
1%
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
Zone Group
Coverage A
Amount of Insurance
Basic Premium Adjustment
Policy Deductible
$500
$1,000
$2,000
$5,000
$10,000
10, 20, 32
$969,000 - $1,062,499
N/A
44%
30%
11%
2%
10, 20, 32
$1,062,500 - $1,187,499
N/A
46%
32%
13%
3%
10, 20, 32
$1,187,500 - $1,312,499
N/A
48%
35%
15%
4%
10, 20, 32
$1,312,500 - $1,437,499
N/A
51%
37%
18%
6%
10, 20, 32
$1,437,500 - $1,562,499
N/A
53%
38%
20%
7%
10, 20, 32
$1,562,500 - $1,687,499
N/A
55%
40%
22%
8%
10, 20, 32
$1,687,500 - $1,812,499
N/A
57%
41%
23%
9%
10, 20, 32
$1,812,500 - $1,937,499
N/A
59%
42%
25%
10%
10, 20, 32
$1,937,500 - $2,124,999
N/A
60%
43%
25%
13%
10, 20, 32
$2,125,000 - $2,374,999
N/A
63%
45%
28%
15%
10, 20, 32
$2,375,000 - $2,749,999
N/A
66%
48%
30%
15%
10, 20, 32
$2,750,000 - $3,249,999
N/A
71%
52%
34%
20%
10, 20, 32
$3,250,000 - $3,749,999
N/A
75%
56%
37%
23%
10, 20, 32
$3,750,000 - $4,249,999
N/A
79%
59%
39%
26%
10, 20, 32
$4,250,000 - $4,749,999
N/A
83%
62%
41%
28%
10, 20, 32
$4,750,000 +
N/A
85%
65%
43%
30%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$1 - $7,499 -26% -36% -45% -59% -63%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$7,500 - $14,999 -19% -28% -39% -54% -63%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$15,000 - $24,999 -11% -22% -32% -49% -58%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$25,000 - $34,999 -6% -15% -26% -44% -56%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$35,000 - $44,999 -1% -13% -23% -41% -55%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$45,000 - $49,999 2% -10% -20% -39% -52%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$50,000 - $64,999 3% -8% -18% -36% -48%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$65,000 - $74,999 6% -4% -16% -32% -46%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$75,000 - $84,999 8% -1% -12% -29% -45%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$85,000 - $99,999 9% 1% -10% -27% -44%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$100,000 - $104,999 11% 2% -9% -26% -41%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$105,000 - $114,999 13% 3% -8% -23% -39%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$115,000 - $124,999 15% 4% -6% -22% -37%
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
Zone Group
Coverage A
Amount of Insurance
Basic Premium Adjustment
Policy Deductible
$500
$1,000
$2,000
$5,000
$10,000
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$125,000 - $134,999 16% 5% -5% -21% -35%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$135,000 - $144,999 18% 6% -4% -20% -34%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$145,000 - $154,999 20% 7% -2% -18% -32%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$155,000 - $164,999 22% 8% -1% -17% -30%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$165,000 - $174,999 23% 8% 0% -16% -29%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$175,000 - $184,999 24% 9% 1% -15% -28%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$185,000 - $194,999 25% 10% 2% -14% -26%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$195,000 - $204,999 26% 11% 2% -13% -26%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$205,000 - $214,999 27% 12% 2% -12% -25%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$215,000 - $224,999 28% 13% 3% -11% -24%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$225,000 - $234,999 28% 14% 3% -10% -23%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$235,000 - $244,999 29% 15% 4% -10% -22%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$245,000 - $274,999 30% 15% 4% -9% -21%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$275,000 - $324,999 34% 20% 7% -6% -18%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$325,000 - $374,999 37% 23% 9% -4% -16%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$375,000 - $424,999 40% 26% 11% -1% -13%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$425,000 - $474,999 42% 28% 13% 1% -11%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$475,000 - $524,999 45% 30% 15% 2% -9%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$525,000 - $574,999 48% 32% 18% 3% -7%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$575,000 - $624,999 50% 34% 20% 4% -6%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$625,000 - $674,999 52% 36% 22% 5% -4%
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
Zone Group
Coverage A
Amount of Insurance
Basic Premium Adjustment
Policy Deductible
$500
$1,000
$2,000
$5,000
$10,000
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$675,000 - $724,999 54% 37% 23% 6% -4%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$725,000 - $750,000 55% 38% 24% 7% -2%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$750,001 - $781,499 55% 39% 25% 7% -2%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$781,500 - $843,999 58% 40% 26% 8% -1%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$844,000 - $906,499 59% 41% 28% 9% 0%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$906,500 - $968,999 60% 42% 29% 10% 1%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$969,000 - $1,062,499 62% 44% 30% 11% 2%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$1,062,500 - $1,187,499 65% 46% 32% 13% 3%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$1,187,500 - $1,312,499 68% 48% 35% 15% 4%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$1,312,500 - $1,437,499 71% 51% 37% 18% 6%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$1,437,500 - $1,562,499 73% 53% 38% 20% 7%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$1,562,500 - $1,687,499 76% 55% 40% 22% 8%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$1,687,500 - $1,812,499 78% 57% 41% 23% 9%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$1,812,500 - $1,937,499 80% 59% 42% 25% 10%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$1,937,500 - $2,124,999 82% 60% 43% 25% 13%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$2,125,000 - $2,374,999 86% 63% 45% 28% 15%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$2,375,000 - $2,749,999 89% 66% 48% 30% 15%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$2,750,000 - $3,249,999 94% 71% 52% 34% 20%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$3,250,000 - $3,749,999 99% 75% 56% 37% 23%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$3,750,000 - $4,249,999 103% 79% 59% 39% 26%
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$4,250,000 - $4,749,999 107% 83% 62% 41% 28%
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
Zone Group
Coverage A
Amount of Insurance
Basic Premium Adjustment
Policy Deductible
$500
$1,000
$2,000
$5,000
$10,000
45, 50, 51, 54, 60, 61, 63,
64, 65, 66, 67, 68, 69
$4,750,000 + 111% 85% 65% 43% 30%
B. Renters and Condominium Unitowners
Policy
Deductible
Basic Premium
Adjustment
Minimum
Adjustment
Maximum
Adjustment
$500
0%
Does not apply
Does not apply
$1,000
-13%
Does not apply
Does not apply
$2,000
-24%
Does not apply
Does not apply
BASIC PREMIUM ADJUSTMENTS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
BUILDING ORDINANCE OR LAW COVERAGE (Homeowners Only)
A Homeowners policy provides coverage for contingent liability due to the operation of building laws equal to 10% of the
Coverage A limit. Loss under Coverage A will be settled on the basis of any ordinance or law regulating the construction,
repair, or demolition of the building. The amount of coverage provided may be increased by application of the following
charge to the basic premium:
Percentage of
Coverage A Limit
Basic Premium
Adjustment
Minimum
Adjustment
25%
3%
$5
50%
8%
$15
ACTIVATE: Option OL in the Policy
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
DISCOUNTS, CHARGES, AND OPTIONS
All discounts, charges, and options are to be applied to the basic premium as developed after applicable adjustments from
the Basic Premium Adjustments section. Percentage discounts, charges, and options are to be applied to this basic
premium prior to any adjustment for flat dollar discounts, charges, and options. The policy minimum premium applies to
the policy premium after adjustments for discounts, charges, and options.
ADDITIONAL INSURED
A. Sections I and II - Co-owner or Additional Insured
The interest of a co-owner or another additional insured with an interest only in the residence premises may be
covered for no additional premium.
1. Occupant - Co-owner
A Homeowners policy can be issued to the co-owner of a one or two family dwelling if each of the co-
owners occupying the building lives in independently separate premises. A separate Homeowners policy
can be issued to the other co-owner.
2. Non-occupant - Co-owner
Interests of a non-occupant, other than a contractor, may be covered in the event of joint ownership in the
dwelling.
3. Other Additional Insureds
The interest of an additional insured with an interest only in the residence premises may be covered.
ACTIVATE: Option AI in the Policy.
B. Section I only - Contractor
The interest of a contractor in the building may be covered for no additional premium.
ATTACH: Contractors' Interest Endorsement, FE-7302
C. Sections I and II - Association
The interest of a Homeowners/Condominium Association may be covered for no additional premium.
ATTACH: Additional Insured Endorsement (Homeowners/Condominium Associations), FE-5262
D. Section II only - Special Event
The Section II interest of an additional insured arising from a special event may be covered for the following
additional fully earned premium.
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
Liability Limit
Premium
$100,000
$25
$300,000
$30
$500,000
$35
$1,000,000
$50
$2,000,000
$75
$3,000,000
$105
$4,000,000
$125
$5,000,000
$140
ATTACH: Additional Insured - Special Event Endorsement (Section II), FE-5263
E. Sections I and II - Additional Insured
The interest of an additional insured, not described elsewhere in this section, may be covered for no additional
premium.
ATTACH: Additional Insured Endorsement, FE-5267
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
ADULT FAMILY HOME COVERAGE
When the insured provides adult care services in the dwelling, Section II coverage should be provided. The following
additional premiums apply:
Liability Limit
Number of Adults Cared For
Occurrence
Aggregate
1
2
3
4
5
6
$100,000
$100,000
$60
$120
$180
$280
$400
$540
$300,000
$300,000
$65
$130
$195
$300
$425
$570
The selected liability limit must coincide with the policy Section II limit. The above charges apply regardless of Medical
Payments limits.
To reinstate the aggregate limit, refer to Company.
ATTACH: Adult Family Home Coverage Endorsement, FE-7766
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
BACK-UP OF SEWERS OR DRAINS
Coverage may be provided for loss caused by water which backs up through sewers or drains including sump pumps,
sump pump wells, or any type system designed to remove subsurface water. The following options are available:
BACK-UP OF SEWERS OR DRAINS - $10,000 Limit/Listed Contents
A coverage limit of $10,000 is provided for the dwelling and the following personal property items:
• Clothes washers and dryers
• Food freezers and the food in them
• Refrigerators
• Ranges
• Portable dishwashers
• Dehumidifiers
A $1,000 deductible or the policy deductible, whichever is higher, applies to loss under this endorsement.
Policy Deductible
Premium
Renters
Condominium
Unitowners
Homeowners
All
$3
$5
$15
ATTACH: Back-up of Sewer or Drain Endorsement ($10,000 Limit), FE-5706
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
BROADENED COVERAGE
The Broadened Coverage Endorsement may be attached to provide broader theft and Section II coverage to
those who lease out their homes for special events. The following fully earned premium applies:
Premium
$20
ATTACH: Broadened Coverage Endorsement, FE-7452
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
BUSINESS PROPERTY - INCREASED LIMITS
The policy provides $1,000 on premises coverage and $250 off premises coverage for personal property intended for use
in a business. Coverage for merchandise held as samples or for sale or for delivery is included. Coverage is not provided
for electronic data processing equipment or the recording or storage media used with that equipment.
On premises coverage can be increased to $2,500 or $5,000 for the following additional premium.
Limit
Premium
$2,500
$16
$5,000
$22
ACTIVATE: Option BP in the Policy. Limits will be shown on the Declarations Page.
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
BUSINESS PURSUITS
The Section II Liability protection may be extended to certain occupations. The occupations which may be covered are as
follows:
A. Clerical Office Employees engaged wholly in office work
B. Salespersons, Collectors, or Messengers
C. Teachers - including Liability for Corporal Punishment
D. School Administrators
This coverage does not replace Professional Liability Coverage.
This option does not provide coverage for loss in connection with a business owned or financially controlled by the insured
or by a partnership of which the insured is a member.
Only one charge applies per policy.
Liability Limit
Premium
$100,000
$7
$300,000
$9
$500,000
$10
$1,000,000
$12
$2,000,000
$19
$3,000,000
$26
$4,000,000
$34
$5,000,000
$41
The selected liability limit must coincide with the policy Section II limit. The above charges apply regardless of Medical
Payments limits.
ACTIVATE: Option BU in the Policy.
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
CHILD CARE
When the insured provides babysitting care in the dwelling, Section II coverage should be provided. The following
additional premiums apply:
Liability Limit
Number of Children Cared For
Occurrence
Aggregate
1 - 3
4
5
$100,000
$100,000
$60
$90
$120
$300,000
$300,000
$78
$115
$155
The selected liability limit must coincide with the policy Section II limit. The above charges apply regardless of Medical
Payments limits.
To reinstate the aggregate limit, refer to Company.
ATTACH: Child Care Liability Endorsement, FE-5268
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
CONDOMINIUMS BUILDING PROPERTY COVERAGE - INCREASED LIMITS
The limit of liability for Condominium Unitowners Building Property (Coverage A) can be increased.
Each
Additional
$1,000 - Add:
$4.00
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
COVERAGE B - INCREASED LIMITS (Homeowners Only)
The Coverage B amount for personal property can be increased.
Each
Additional
$1,000 - Add:
$0.50
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
DWELLINGS UNDER CONSTRUCTION
A. Building Materials Theft
Coverage is available for loss by theft of construction materials from the residence premises. A limit of liability of
$5,000 applies per loss, subject to the policy deductible ($250 minimum). Coverage will be terminated 180 days
after its effective date, or when the dwelling is completed, whichever occurs first.
There will be no refund of premium in the event this endorsement is cancelled.
Limit of Liability
Premium
$5,000
$75
ATTACH: Building Materials Theft Endorsement, FE-7531
B. Theft Coverage
Theft coverage in or to a newly constructed dwelling prior to occupancy is available for the following
premium. Coverage will not take effect until the dwelling is fully enclosed and capable of being locked.
There will be no refund of premium in the event this endorsement is cancelled.
Premium
$15
ATTACH: Theft Endorsement, FE-5272
C. Temporary Extension of Coverage (Homeowners Only)
Coverage B and Section II may be extended to the residence where the insured is temporarily
residing. Coverage will cease at this temporary residence at the earlier of:
1. The date the new dwelling is occupied.
2. One year from the policy effective date.
There is no charge for this temporary extension.
ATTACH: Dwelling Under Construction Endorsement, FE-7342
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
EARTHQUAKE DAMAGE ASSUMPTION
Earthquake damage can be covered by the addition of an endorsement. The following provide additional details on this
coverage.
EARTHQUAKE DAMAGE ASSUMPTION - RULES
A. Earthquake Zones
Zone
Counties
2
Coahoma
DeSoto
Quitman
Tunica
3
Bolivar
Leflore
Marshall
Panola
Sunflower
Tallahatchie
Tate
Washington
4
Alcorn
Benton
Calhoun
Carroll
Chickasaw
Grenada
Holmes
Humphreys
Issaquena
Itawamba
Lafayette
Lee
Monroe
Montgomery
Pontotoc
Prentiss
Sharkey
Tippah
Tishomingo
Union
Warren
Webster
Yalobusha
Yazoo
5
Remainder of State
B. Deductible
The earthquake deductible applies separately to Coverage A (Dwelling), Dwelling Extension, Coverage B
(Personal Property), and Coverage D (Loss Assessments), subject to a minimum aggregate deductible amount of
$250 in any one occurrence.
Policy Form
Deductible
Homeowners
Percentage of the Coverage A, Coverage B, and
Dwelling Extension (other structures) limits of liability ($250 minimum).
Renters Percentage of the Coverage B limit of liability ($250 minimum).
Condominium
Unitowners
Percentage of the Coverage A and Coverage B limits of
liability ($250 minimum). A $100 deductible applies to Coverage D.
C. Exterior Masonry Veneer
The applicable charge for Earthquake Coverage (except for Renters and Condominium Unitowners) depends on
whether coverage is provided for exterior masonry veneer.
1. Homeowners
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
a. If coverage is not desired for exterior masonry veneer (or if the dwelling has no exterior masonry
veneer), attach FE-7575 and use the rates for "excluding exterior masonry veneer".
b. If coverage is desired for exterior masonry veneer or if the dwelling is of masonry construction,
attach FE-7576 and use the rates for "including exterior masonry veneer and masonry".
2. Renters and Condominium Unitowners
Endorsements and rates for these forms are not affected by exterior masonry veneer considerations.
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
EARTHQUAKE DAMAGE ASSUMPTION - BASIC RATES
The basic rates provide basic package amounts of coverage. The rates shown below apply per $1,000 of Coverage A for
Homeowners and per $1,000 of Coverage B for Renters and Condominium Unitowners.
HOMEOWNERS
Zone Deductible
Rate per $1,000
Excluding Exterior
Masonry Veneer
Including Exterior
Masonry Veneer and
Masonry
2
10%
$1.05
$1.37
2
15%
$0.83
$1.08
2
20%
$0.66
$0.86
3
10%
$0.58
$0.75
3
15%
$0.45
$0.59
3
20%
$0.36
$0.47
4
5%
$0.36
$0.47
4
10%
$0.28
$0.36
4
15%
$0.22
$0.28
4
20%
$0.17
$0.23
5
5%
$0.26
$0.34
5
10%
$0.20
$0.26
5
15%
$0.16
$0.20
5
20%
$0.12
$0.16
RENTERS
Zone Deductible
Rate per
$1,000
2
10%
$0.58
2
15%
$0.44
2
20%
$0.34
3
10%
$0.28
3
15%
$0.20
3
20%
$0.14
4
5%
$0.27
4
10%
$0.18
4
15%
$0.13
4
20%
$0.09
5
5%
$0.18
5
10%
$0.12
5
15%
$0.08
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
Zone Deductible
Rate per
$1,000
5
20%
$0.06
CONDOMINIUM UNITOWNERS
Zone Deductible
Rate per
$1,000
2
10%
$0.54
2
15%
$0.41
2
20%
$0.31
3
10%
$0.26
3
15%
$0.18
3
20%
$0.13
4
5%
$0.27
4
10%
$0.18
4
15%
$0.13
4
20%
$0.09
5
5%
$0.18
5
10%
$0.12
5
15%
$0.08
5
20%
$0.06
ATTACH: Earthquake Endorsement - Excluding Masonry Veneer, FE-7575 or Earthquake Endorsement, FE-7576
(Homeowners)
Note: This premium is fully earned and will not be refunded if FE-7575 or FE-7576 is attached.
ATTACH: Earthquake Endorsement, FE-7301 (Renters)
ATTACH: Earthquake Endorsement, FE-7310 (Condominium Unitowners)
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
EARTHQUAKE DAMAGE ASSUMPTION - INCREASED LIMITS
If higher than basic limits are provided for the following types of coverage, additional charges are made according to all
applicable rates shown below. These rates apply only to the increased amount of coverage.
HOMEOWNERS - COVERAGE B
Zone Deductible
Additional Rate per $1,000
Excluding Exterior
Masonry Veneer
Including Exterior
Masonry Veneer and
Masonry
2
10%
$0.42
$0.42
2
15%
$0.33
$0.33
2
20%
$0.26
$0.26
3
10%
$0.23
$0.23
3
15%
$0.18
$0.18
3
20%
$0.14
$0.14
4
5%
$0.14
$0.14
4
10%
$0.11
$0.11
4
15%
$0.09
$0.09
4
20%
$0.07
$0.07
5
5%
$0.10
$0.10
5
10%
$0.08
$0.08
5
15%
$0.06
$0.06
5
20%
$0.05
$0.05
HOMEOWNERS - DWELLING EXTENSION
Zone Deductible
Additional Rate per $1,000
Excluding Exterior
Masonry Veneer
Including Exterior
Masonry Veneer and
Masonry
2
10%
$0.84
$1.09
2
15%
$0.66
$0.86
2
20%
$0.53
$0.69
3
10%
$0.46
$0.60
3
15%
$0.36
$0.47
3
20%
$0.29
$0.37
4
5%
$0.29
$0.37
4
10%
$0.22
$0.29
4
15%
$0.17
$0.22
4
20%
$0.14
$0.18
5
5%
$0.21
$0.27
5
10%
$0.16
$0.21
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
Zone Deductible
Additional Rate per $1,000
Excluding Exterior
Masonry Veneer
Including Exterior
Masonry Veneer and
Masonry
5
15%
$0.12
$0.16
5
20%
$0.10
$0.13
HOMEOWNERS - LOSS ASSESSMENTS
Zone Deductible
Additional Rate per $1,000
Excluding Exterior
Masonry Veneer
Including Exterior
Masonry Veneer and
Masonry
2
10%
$0.84
$1.09
2
15%
$0.66
$0.86
2
20%
$0.53
$0.69
3
10%
$0.46
$0.60
3
15%
$0.36
$0.47
3
20%
$0.29
$0.37
4
5%
$0.29
$0.37
4
10%
$0.22
$0.29
4
15%
$0.17
$0.22
4
20%
$0.14
$0.18
5
5%
$0.21
$0.27
5
10%
$0.16
$0.21
5
15%
$0.12
$0.16
5
20%
$0.10
$0.13
CONDOMINIUM UNITOWNERS - COVERAGE A
Zone Deductible
Additional
Rate per
$1,000
2
10%
$0.84
2
15%
$0.64
2
20%
$0.49
3
10%
$0.41
3
15%
$0.29
3
20%
$0.21
4
5%
$0.39
4
10%
$0.26
4
15%
$0.18
4
20%
$0.13
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
Zone Deductible
Additional
Rate per
$1,000
5
5%
$0.26
5
10%
$0.17
5
15%
$0.12
5
20%
$0.09
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
EARTHQUAKE DAMAGE ASSUMPTION - YEAR BUILT ADJUSTMENT
For Homeowners policies covering dwellings built prior to 1950, apply the following factor to the basic earthquake
premium.
Construction Description
Year Built
Prior to 1940
1940 - 1949
Including Exterior Masonry Veneer and Masonry
1.80
1.50
Excluding Exterior Masonry Veneer
1.10
1.10
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
FIREARMS
The policy provides named peril coverage with a $2,500 limit on loss by theft of Firearms. Coverage for accidental direct
physical loss may be written to provide broader coverage and increase the limit as follows:
Limits for Loss by
the Following Perils
Limit Any
One Article
Total
Theft $2,500 $5,000
Coverage B Perils
(other than Theft)
Coverage B Limit
plus $5,000
Coverage B Limit
plus $5,000
All Other
Covered Perils
$2,500 $5,000
The following additional premium applies:
Premium
$12
ACTIVATE: Option FA in the Policy. Limits will be shown on the Declarations Page.
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
HOME COMPUTERS
The policy provides $5,000 coverage on electronic data processing equipment including the recording and storage media
used with that equipment. This coverage applies to equipment primarily used on premises regardless of whether it is
used in a business. Coverage is included for recording or storage media which can be replaced with other of like kind and
quality on the open retail market.
This limit can be increased to $10,000.
Premium
$15
ACTIVATE: Option HC in the Policy. The limit will be shown on the Declarations Page.
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
IDENTITY RESTORATION
Coverage may be provided to assist an insured whose identity has been used for fraudulent purposes. There will be no
deductible applied to the loss under this endorsement.
Limit
Premium
$25,000
$25
The premium developed for Identity Restoration coverage is excluded from the minimum premium calculation.
ATTACH: Identity Restoration Coverage Endorsement, FE-3301
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
INCIDENTAL BUSINESS
If the insured maintains an incidental office, or a professional or private school or studio in the dwelling, Option IO should
be activated. This option provides additional Section I coverage of $5,000 on premises and $1,000 off premises for
equipment, supplies, and furnishings usual and incidental to the business occupancy. No coverage is provided under this
option for computers and equipment or merchandise held as samples or for sale.
In addition, Section II coverage is provided for the incidental business. This coverage does not replace professional
liability coverage.
The following premiums apply:
Liability Limit
Premium
$100,000
$23
$300,000
$26
$500,000
$29
$1,000,000
$34
$2,000,000
$54
$3,000,000
$75
$4,000,000
$95
$5,000,000
$116
The selected liability limit must coincide with the policy Section II limit. The above charges apply regardless of Medical
Payments limits.
ACTIVATE: Option IO in the Policy.
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
JEWELRY AND FURS
For gold and silver (other than goldware and silverware), platinum, jewelry, precious and semi-precious stones, watches
and furs, three coverages are available as described below:
• Named peril coverage with a $200 limit on gold, silver, and platinum (other than goldware and silverware) and a
$1,000 limit on loss by theft of jewelry, precious and semi-precious stones, watches and furs.
• Accidental direct physical loss coverage/$2,500 Option JF limit - see chart below.
• Accidental direct physical loss coverage/$5,000 Option JF limit - see chart below.
Limits for Loss by
the Following Perils
$2,500 Option JF
$5,000 Option JF
Limit Any
One Article
Total
Limit Any
One Article
Total
Theft $1,500 $2,500 $2,500 $5,000
Coverage B Perils
(other than Theft)
Coverage B Limit
plus $2,500
Coverage B Limit
plus $2,500
Coverage B Limit
plus $5,000
Coverage B Limit
plus $5,000
All Other
Covered Perils
$1,500 $2,500 $2,500 $5,000
1. Named Peril Coverage ($1,000 Theft Limit) - Homeowners Only
For dwellings which are insured for at least 80% of replacement cost, accidental direct physical loss coverage
with a $2,500 theft limit is provided as part of the basic premium. This coverage can be reduced to a named peril
basis with a $1,000 limit on theft for the following premium adjustment. The basic premium for Homeowners
policies which are insured for an amount less than 80% of replacement cost and for Renters and Condominium
Unitowners reflect the Named Peril ($1,000 Theft Limit) Coverage - no adjustment applies.
Premium
Adjustment
-$7
ATTACH: Special Limits Endorsement, FE-5258
2. $2,500 Limit
For Homeowners policies insured for less than 80% of replacement cost and Renters and Condominium
Unitowners policies, the basic Named Peril ($1,000 Theft Limit) coverage can be broadened to an accidental
direct physical loss basis ($2,500 Theft Limit) for the following premium. For a Homeowners policy, if the dwelling
is insured for at least 80% of replacement cost, then this coverage is provided as part of the basic premium - no
adjustment applies.
Premium
$20
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
ACTIVATE: Option JF in the Policy. Limits will be shown on the Declarations Page.
3. $5,000 Limit
Premium
Homeowners (insured for less
than 80% of Replacement
Cost), Renters, Condominium
Unitowners
Homeowners (insured for at
least 80% of Replacement
Cost)
$40
$30
ACTIVATE: Option JF in the Policy. Limits will be shown on the Declarations Page.
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
JOINT OWNERSHIP - SEASONAL DWELLINGS (Homeowners Only)
Homeowners coverage may be provided on jointly owned seasonal dwellings subject to the following limitations:
• Coverage B is limited to property owned by the named insureds which is used solely in conjunction with the
premises and while on the residence premises.
• Section II Liability and Medical Payments to Others is limited to the premises only.
ATTACH: Joint Ownership Endorsement, FE-7566
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
JOINT UNITOWNERS (Condominium Unitowners Only)
Providing Homeowners coverage on joint unitowners may dictate the attachment of this endorsement which limits
coverage in the following areas:
• Coverage B is restricted to property owned by the named insureds which is used solely in conjunction with the
premises and while on the residence premises.
• Section II Liability and Medical Payments to Others is restricted to the premises only.
ATTACH: Joint Unitowners Endorsement, FE-7482
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
LOSS ASSESSMENTS
A. Homeowners
If the insured is a member of a Homeowners Association, coverage may be purchased for the insured's portion of
an assessment against all members of the Association. Coverage applies when the assessment is made in
accordance with the governing rules of the Association as a result of:
1. A direct loss to commonly owned property caused by a peril covered under Section I of the policy.
2. An occurrence to which Section II would apply.
3. Damages which the Association may be obligated to pay due to personal injury.
If an earthquake endorsement is attached to the policy, it also applies to this coverage. In this case, a separate
charge for Earthquake Loss Assessments must also be made under Earthquake Coverage.
RATES PER $1,000
Coverage D Amount
First $5,000
Next $20,000
Next $75,000
$0.50
$0.25
$0.10
ATTACH: Coverage D Loss Assessment Endorsement, FE-5256
B. Condominium Unitowners
The limit of liability for Loss Assessments Coverage (Coverage D) may be increased. The following rates apply:
RATES PER $1,000
Additional Amount
First $1,000
Next $24,000
Next $75,000
$10.00
$0.15
$0.10
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
MEDICAL PAYMENTS - OPTIONAL LIMITS
For other than basic limits, apply the following premium adjustments.
Medical
Payments
Limit
Premium
$1,000
Basic
$2,000
$3
$3,000
$5
$4,000*
$7
$5,000
$9
$10,000
$15
*Renewals Only
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
NURSES' PROFESSIONAL LIABILITY COVERAGE
Liability arising out of nursing activities as a registered nurse, a licensed practical nurse, or a licensed vocational nurse
can be covered by the addition of an endorsement.
Only one charge applies per policy.
Liability Limit
Premium
Occurrence
Aggregate
$100,000
$100,000
$40
$300,000
$300,000
$45
$500,000
$500,000
$50
$1,000,000
$1,000,000
$60
$2,000,000
$2,000,000
$96
$3,000,000
$3,000,000
$132
$4,000,000
$4,000,000
$168
$5,000,000
$5,000,000
$204
The selected liability limit must coincide with the policy Section II limit. To reinstate the aggregate limit, refer to Company.
ATTACH: Nurses' Professional Liability Insurance Endorsement, FE-5257
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
OFF PREMISES STRUCTURES
A. Coverage may be extended to include structures which are located off premises. Coverage will be provided on
an actual cash value basis. Coverage will not apply to:
1. Off-premises dwellings, whether or not owner-occupied.
2. Buildings used in whole or in part for business purposes.
3. Buildings which are rented or held for rental unless used solely as a private garage.
4. Structures which were intended for use as a dwelling when originally constructed.
5. Buildings not permanently attached to or otherwise forming a part of the realty.
Premium
$35
B. Homeowners
Coverage is provided for "accidental direct physical loss". This endorsement does not increase the coverage
amount applying to Other Structures. If the total value of Other Structures both on and off premises exceeds 10%
of Coverage A, the Dwelling Extension limit may be increased using rates shown for Other Structures - Increased
Limits.
ATTACH: Off-Premises Structures Endorsement, FE-5255
C. Renters and Condominium Unitowners
Coverage is provided on the same named peril basis as is currently provided under Coverage B. This
endorsement provides a maximum $15,000 limit of liability. If the total value of Other Structures Off Premises
exceeds that amount, refer to Company.
ATTACH: Off-Premises Structures Endorsement, FE-5261
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
OFF PREMISES STRUCTURES - INCREASED LIMITS (Renters and Condominium Unitowners
Only)
If the total value of other structures off premises exceeds $15,000 use the following rate per additional $1,000 of
coverage.
Protection
Class
Rate per
$1,000
1-9
$2.60
10 & 10C
$4.35
ATTACH: Off-Premises Structures Endorsement, FE-5433
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
OTHER STRUCTURES - INCREASED LIMITS (Homeowners Only)
The basic policy provides a limit of liability for other structures equal to 10% of Coverage A. Increased limits can be
provided for other structures on the premises. The coverage will be the same as the basic policy and will be rated on the
total value of the other structures in excess of 10% of Coverage A.
If an earthquake endorsement is attached to the policy, it applies to this coverage. In this case, a separate charge for
Increased Other Structures must also be made under Earthquake Coverage.
Protection
Class
Rate per
$1,000
1 - 9
$2.50
10 & 10C
$3.85
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
PERSONAL INJURY COVERAGE
Coverage for Personal Injury may be provided under Coverage L - Personal Liability. This coverage includes injury
arising out of the following offenses subject to the limitations in the endorsement.
A. False arrest, detention, imprisonment, eviction, or malicious prosecution
B. Libel, slander, or defamation of character
C. Invasion of privacy
The following charges apply per policy.
Liability Limit
Premium
$100,000
$10
$300,000
$13
$500,000
$16
$1,000,000
$24
$2,000,000
$38
$3,000,000
$53
$4,000,000
$67
$5,000,000
$82
The selected liability limit must coincide with the policy Section II limit.
ATTACH: Personal Injury Endorsement, FE-7468
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
PERSONAL LIABILITY - OPTIONAL LIMITS
For other than basic limits, apply the following premium adjustments.
Personal
Liability Limit
Premium
$100,000
Basic
$300,000
$10
$500,000
$17
$1,000,000
$35
$2,000,000
$53
$3,000,000
$74
$4,000,000
$88
$5,000,000
$98
Limits for all Section II coverages must be equal. The Section II limits for the following coverages should be reviewed if
applicable.
1. Incidental Business
2. Child Care
3. Business Pursuits
4. Nurses' Professional Liability
5. Personal Injury
6. Adult Family Home Coverage
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
RENTAL PERSONAL PROPERTY
Coverage may be provided under Coverage B for property rented or held for rental with the residence premises. Theft
coverage for rental property under this endorsement is limited to burglary coverage.
Premium
$9
ATTACH: Rented Personal Property Endorsement, FE-7453
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
SILVERWARE AND GOLDWARE
The policy provides named peril coverage with a $2,500 limit of loss by theft of Silverware and Goldware. This special
limit may be increased in increments of $2,500 for the following additional premiums.
Limit for Loss
by Theft
Premium
$5,000
$10
$7,500
$18
$10,000
$25
ACTIVATE: Option SG in the Policy. The limit will be shown on the Declarations Page.
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
VACANCY COVERAGE
The policy limits coverage for vandalism and glass breakage if the dwelling has been vacant for over 30 days. For an
additional fully earned premium, the limitations may be deleted. The following premium will not be refunded if this
endorsement is cancelled.
Premium
$45
ATTACH: Vacancy Endorsement, FE-7470
DISCOUNTS, CHARGES, AND OPTIONS
State Farm Fire and Casualty Company
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
WATERBED LIABILITY COVERAGE
A policy may be endorsed to pay up to the Coverage L limit of liability all sums for which any insured is legally liable to pay
for damage to property of others caused by or arising out of the ownership, maintenance, or use of the owned
waterbed. The following premium applies.
Premium
$25
ATTACH: Waterbed Liability Endorsement, FE-7448
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
No reproduction of this copyrighted material allowed without express written consent from State Farm®
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
No reproduction of this copyrighted material allowed without express written consent from State Farm®
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
No reproduction of this copyrighted material allowed without express written consent from State Farm®
©, Copyright, State Farm Mutual Automobile Insurance Company 2010
No reproduction of this copyrighted material allowed without express written consent from State Farm®
Supporting Document Schedules
Item Status: Status Date:
Bypassed - Item: P&C Filing Fee Approved 04/05/2010
Bypass Reason: EFT
Comments:
Item Status: Status Date:
Satisfied - Item: Description Field/Explanatory Memorandum Approved 04/05/2010
Comments:
Attachment(s):
MS Wind Mitigation Filing.pdf
Item Status: Status Date:
Bypassed - Item: P&C Actuarial Memorandum, Actuarial Support and Exhibits Approved 04/05/2010
Bypass Reason: N/A
Comments:
SERFF Tracking #: SFMA-126475027 State Tracking #: ML-26043 Company Tracking #: ML-26043
State: Mississippi Filing Company: State Farm Fire and Casualty Company
TOI/Sub-TOI: 35.0 Interline Filings/35.0000 Personal/Commercial Interline Filings
Product Name: ML-26043
Project Name/Number: ML-26043/ML-26043
PDF Pipeline for SERFF Tracking Number SFMA-126475027 Generated 08/01/2012 04:22 PM
State Farm Fire and Casualty Company
Mississippi Homeowners and Rental Dwelling Programs
Wind Mitigation Discount Plan
I. Overview
Attached is our proposed wind mitigation discount plan for Homeowners and Rental
Dwelling (RDP) programs. All credits included in the plan are applied to the all-peril
basic premium. The proposed effective date for this plan is 5/1/2010 for both new
and renewal business.
While this may ultimately have a rate impact that is equivalent to a rate reduction,
our initial estimates are that the impact will be negligible. Therefore, we propose to
make no base rate premium adjustments at this time.
II. Proposed Rating Plan Changes
Exhibits 1 and 2 show the manual pages for each program which detail the
proposed credits. Note that we also have an opening protection discount that will
continue to be offered as a separate discount for those who do not qualify for the
Fortified for Safer Living, the Fortified for Existing Homes Levels 2 or 3, or the 2006
IRC discounts.
We do not propose making changes to the Homeowners opening protection credits
at this time. We propose to introduce opening protection credits for RDP which are
based on the Homeowners credits adjusted by the proportion of losses attributed to
windstorm and hail in RDP.
The additional proposed discounts were calculated by notionally modeling the same
risk with the primary characteristics in each zone that approximate the applicable
building code or designation. The percent of hurricane losses that would be
eliminated was calculated and applied to the percent of premium that is attributed to
windstorm and hail to come up with the indicated discounts. The proposed
discounts were selected based on the indicated discounts from this process, the
indicated relationships between the different building standards and rating zones,
and actuarial judgment.
Exhibit 1
Total Homeowners Manual Page
WIND MITIGATION DISCOUNT PLAN - Sufficient certification and construction records
are required to be submitted by the policyholder prior to application of adjustments
associated with this plan. The discount will be effective on the date the inspection was
completed or improvements made if documentation is received by State Farm in 60
days or less. If over 60 days, the discount will be effective on the day the
documentation is received by State Farm.
The adjustments do not apply if Windstorm or Hail exclusion applies.
A. Building Construction Standards
If the home has been designated by the Institute for Business and Home
Safety (IBHS) as Fortified…for safer living including the hurricane mitigation
section of the program, then a basic premium adjustment applies as shown in
the table below. Otherwise, for homes that do not meet this criterion but are
built in accordance with the 2006 International Residential Code (IRC)
including all hurricane mitigation construction requirements, then a separate
basic premium adjustment is applied as shown in the table below.
Zone
Fortified for Safer Living Basic Premium Adjustment
Homeowners
Renters
Condominium
Unitowners
10
-30%
-21%
-25%
20
-25%
-15%
-19%
32
-17%
-7%
-10%
45
-13%
-7%
-10%
Zone
2006 IRC
Homeowners
Renters
Condominium
Unitowners
10
-26%
-17%
-20%
20
-22%
-13%
-16%
32
-15%
-6%
-10%
45
-12%
-6%
-10%
Exhibit 1
Total Homeowners Manual Page
If the home has been designated by the Institute for Business and Home
Safety (IBHS) as Fortified for Existing Homes Hurricane Levels 1, 2, or 3 then
a basic premium adjustment applies as shown in the tables below. (For each
of the hurricane levels above, Option 1 of Hurricane Level 1 must be satisfied.)
Zone
Fortified for Existing Homes Hurricane Level 1
Basic Premium Adjustment
Homeowners
Renters
Condominium
Unitowners
10
-13%
-10%
-11%
20
-13%
-8%
-10%
32
-10%
-4%
-6%
45
-8%
-4%
-6%
Zone
Fortified for Existing Homes Hurricane Level 2
Basic Premium Adjustment
Homeowners
Renters
Condominium
Unitowners
10
-26%
-17%
-20%
20
-22%
-13%
-17%
32
-16%
-6%
-10%
45
-12%
-6%
-10%
Zone
Fortified for Existing Homes Hurricane Level 3
Basic Premium Adjustment
Homeowners
Renters
Condominium
Unitowners
10
-28%
-19%
-23%
20
-24%
-15%
-18%
32
-17%
-7%
-10%
45
-13%
-7%
-10%
Exhibit 1
Total Homeowners Manual Page
B. Opening Protection
The following discount applies to the basic premium for the presence of
qualifying opening protection at all exterior envelope openings (such as
windows, garage doors, sliding doors, swinging doors, glass block, door
sidelights, and skylights) on the dwelling structure. For the discount to apply,
the following conditions must be met:
1. All exterior building envelope openings with glazing (e.g. glass) shall
have qualifying impact-resistant and wind pressure-resistant opening
protection.
2. All exterior building envelope openings without glazing shall have
qualifying wind pressure-resistant opening protection.
3. All garage doors (with and without glazing) shall meet or exceed a
qualifying minimum pressure resistance.
4. Opening protection must be installed by a qualified contractor,
according to the manufacturer’s specifications.
5. Impact-resistant protective devices must not be made of wood
structural panels, such as OSB or plywood, or be homemade.
6. Multi-unit buildings must be completely protected for an individual unit
owner to qualify unless the unit is in a section of the building that is
reasonably separated from the remainder of the building and that
section is completely protected.
This discount is not available if the Fortified for Safer Living discount
applies, if the 2006 IRC discount applies, or if the Fortified for Existing
Homes Hurricane Level 2 or 3 discounts apply.
Zone
Basic Premium Adjustment
Homeowners
Renters
Condominium
Unitowners
10
-10%
-6%
-6%
20
-6%
-2%
-2%
32
-4%
N/A
N/A
45
-2%
N/A
N/A
Exhibit 2
RDP Manual Page
WIND MITIGATION DISCOUNT PLAN - Sufficient certification and construction records
are required to be submitted by the policyholder prior to application of adjustments
associated with this plan. The discount will be effective on the date the inspection was
completed or improvements made if documentation is received by State Farm in 60
days or less. If over 60 days, the discount will be effective on the day the
documentation is received by State Farm.
The adjustments do not apply if Windstorm or Hail exclusion applies.
A. Building Construction Standards
If the home has been designated by the Institute for Business and Home
Safety (IBHS) as Fortified…for safer living including the hurricane mitigation
section of the program, then a basic premium adjustment applies as shown in
the table below. Otherwise, for homes that do not meet this criterion but are
built in accordance with the 2006 International Residential Code (IRC)
including all hurricane mitigation construction requirements, then a separate
basic premium adjustment is applied as shown in the table below.
Fortified for Safer Living
Zone
Basic Premium
Adjustment
10
-14%
20
-13%
32
-13%
45
-12%
2006 IRC
Zone
Basic Premium
Adjustment
10
-12%
20
-12%
32
-11%
45
-11%
If the home has been designated by the Institute for Business and Home
Safety (IBHS) as Fortified for Existing Homes Hurricane Levels 1, 2, or 3 then
a basic premium adjustment applies as shown in the tables below. (For each
of the hurricane levels above, Option 1 of Hurricane Level 1 must be satisfied.)
Exhibit 2
RDP Manual Page
Fortified for Existing Home Hurricane Level 1
Zone
Basic Premium
Adjustment
10
-6%
20
-7%
32
-7%
45
-7%
Fortified for Existing Home Hurricane Level 2
Zone
Basic Premium
Adjustment
10
-12%
20
-12%
32
-11%
45
-11%
Fortified for Existing Home Hurricane Level 3
Zone
Basic Premium
Adjustment
10
-13%
20
-13%
32
-12%
45
-12%
B. Opening Protection
The following discount applies to the basic premium for the presence of
qualifying opening protection at all exterior envelope openings (such as
windows, garage doors, sliding doors, swinging doors, glass block, door
sidelights, and skylights) on the dwelling structure. For the discount to apply,
the following conditions must be met:
1. All exterior building envelope openings with glazing (e.g. glass) shall
have qualifying impact-resistant and wind pressure-resistant opening
protection.
2. All exterior building envelope openings without glazing shall have
qualifying wind pressure-resistant opening protection.
3. All garage doors (with and without glazing) shall meet or exceed a
qualifying minimum pressure resistance.
4. Opening protection must be installed by a qualified contractor,
according to the manufacturer’s specifications.
5. Impact-resistant protective devices must not be made of wood
structural panels, such as OSB or plywood, or be homemade.
Exhibit 2
RDP Manual Page
6. Multi-unit buildings must be completely protected for an individual unit
owner to qualify unless the unit is in a section of the building that is
reasonably separated from the remainder of the building and that
section is completely protected.
This discount is not available if the Fortified for Safer Living discount
applies, if the 2006 IRC discount applies, or if the Fortified for Existing
Homes Hurricane Level 2 or 3 discounts apply.
Zone
Basic Premium
Adjustment
10
-5%
20
-3%
32
-3%
45
-2%