FULMONT MUTUAL INSURANCE COMPANY
2007-12 NEW COVERAGE AND CHANGES FOR 2008
Fulmont Mutual Insurance Company would like to wish our agents and their staff a Happy and Healthy Holiday season. Our office will be closed on Monday, 12/24 and Tuesday, 12/25/07 for the Christmas Holiday. Regular office hours will resume on Wednesday, 12/26/07 at 8:00 am.
I would like to highlight some new forms that were approved this year and encourage you to consider adding the coverage to your current policyholders:
1. Mechanical, Electrical, Pressure Systems Breakdown coverage for Homeowners and Mobilehomeowner policies. The rate for this new form is .01 per hundred, with a minimum premium of $15.00. Why not have the piece of mind that you are expanding coverage for your customers? If you want to add it to all of your policies, please let me know and we can endorse it on your policies at anniversary or renewal dates.
2. Identity Recovery Form: For $28.00 per year, your policyholder can purchase this coverage. It will help the policyholder through the arduous process of recovering their identity if they become a victim of ID theft.
3. Typing "No-money" endorsements: If you currently type your own non-premium bearing change endorsements (mortgagee changes, address change, etc.) effective in January, 2008 you will no longer be mailing the mortgagee copy to the mortgagee. When you type the change, you will email or fax the form to our office, and you will mail or give the customer's copy directly to the customer. We have subscribed to an online notification system that will take care of this for both of us.
4. Mailing of Mortgagee copies of policies, endorsements: You will no longer be receiving the mortgagee copy of new or renewal policies and endorsements for mailing to the mortgagee. You will continue to mail the policyholder's copy of the policy to the policyholder. We have subscribed to an online notification system that will take care of this for both of us.
5. Additional Markets for General Liability for Contractors and Large Capacity Restaurants, Franchise Operations; We are very pleased to announce a market for large capacity restaurants, franchise operations, higher liability limits through an outside source. If you need a quote for a large risk, please complete an ACORD application and any required supplemental form and send it to me. If you would like additional information, please let me know.
As always, we appreciate your business and look forward to 2008!
Joanne Gifford, Underwriting Manager
2007-12-27