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Heartland Mutual Insurance Company Heartland Mutual Insurance Company

Heartland Mutual Insurance Company - PowerPoint Presentation

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Uploaded On 2019-06-23

Heartland Mutual Insurance Company - PPT Presentation

Heartland Mutual is an insurance company owned by its policyholders committed to providing protection at a competitive rate with exceptional personal ID: 760066

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Presentation Transcript

Slide1

Heartland Mutual Insurance Company

Heartland Mutual is an insurance company owned by its policyholders committed to providing protection at a competitive rate with exceptional personal service.

Slide2

Our History:

Heartland Mutual began in June 1883 when Farmers Mutual Fire Insurance Society of St. Clair County Illinois resolved to organize in accordance with Illinois law as a county insurance company. The new company became known as Belleville, St. Clair County Farmers Mutual Fire Insurance Company and would write business only in St. Clair County. The company began with liabilities and assets of $2,661 and a risk in force of $421,392.

Today the company has 65 counties in its writing territory, over $1.7 billion risk in force and assets in excess of $6 million.

Slide3

Company Employees:

Christopher M. Feldt, PFMM (Manager)

Chuck Ahrens (Claims Manager)

Dale Schuetz

(Inspector/Adjuster) Part-Time

Christine Clark

(Sr

. Underwriter)

Liz Hood (Underwriter)

Sarah Wilderman

(Inspector/Underwriter

)

Melissa Blakeslee (Insurance

Office Specialist)

Jenna Hunter (Claims

Coordinator/Office Assistant)

Dylan

Sill (Inspector/Adjuster) Eastern

Region

Slide4

Our Writing Territory

Slide5

Heartland/Grinnell Mutual

Reinsurance

* AM Best rating: A (Excellent)

Liability

* Personal Liability (PL)

* Farm-Guard Liability (FG)

* Owners, Landlords & Tenants (OLT)

Earthquake

(10%,15% & 20% Deductibles)

Slide6

Available Policy Discounts:

Auto/Home discounts with GMRC

12%

Dwelling &

10%

PL premiums

Auto/Home discounts w/o GMRC

5%

Dwelling premium

Longevity discounts up to

4%

Claim Free discounts

9%

or

12%

Home security discounts

3%, 5

%

or

10%

Slide7

Deductible & Payment Options:

Offer the following deductibles:1,0002,5005,000 (Farm only) 10,000 (Farm only)Offer the following payment options:QuarterlySemi-annualAnnual

Slide8

Products Offered:

FarmownersHomeowners * Renters InsuranceRented DwellingMobile, Modular/ Manufactured Homes

Slide9

Current Policy Breakdown:

Slide10

Homeowners:

Preferred Homeowners * Extended Coverage 10% * Additional Coverage – Personal Property * Equipment BreakdownStandard Homeowners * Package Policy * Equipment BreakdownBuilders RiskRenters Insurance

Slide11

Homeowners Levels:

Slide12

Homeowners:

Level 1: HG-3 Preferred 100%

Dwelling age must not exceed 35 years.700 or better credit score.No claims within the last three years that exceed $1,000.No limiting or exclusion of coverage allowed.Must be owner occupied.Must be in excellent condition and well maintained.Minimum coverage $125,000.Max coverage $400,000.

Level 2: HG-3 Standard 100%

Dwelling age must not exceed 50 years.

600

to 699 credit score.

Prior claims allowed but all damage must be repaired and could be subject to a claim surcharge.

Must be in good condition and well maintained.

No limiting or exclusion of coverage allowed.

Minimum coverage $125,000.

Max coverage $400,000.

Slide13

Homeowners:

Level 3: HG-3 Standard 85%

Dwelling age must not exceed 75 years600 to 699 credit scorePrior claims allowed but all damage must be repaired and could be subject to a claim surchargeLimiting and exclusion of coverage allowed.Minimum coverage $50,000Max coverage $350,000

Level 4: Variable Replacement

Will offer 50%, 60% or 70% of the RCT

Dwellings

that exceed 75 years or older.

600 and above credit score. (Anything lower than 600 will not be eligible for this level.)

Dwelling must be occupied, in good

condition

and well maintained.

Slide14

Homeowners:

Level 5: HG-2 ACV 50%

Dwelling can exceed 75 years or older.

599 or below credit score.

Could be subject to a credit surcharge.

No RC-90, RC-106 or RC-107 will be allowed.

Minimum coverage $25,000.

Slide15

Rented Dwellings:

Insurance coverage for dwellings and other rented structuresPlus loss of rent that you may incur in the event of a loss.

Slide16

Farm Policy:

Farmate / Farmguard * Other Structures must be named * Farmowners Equipment Breakdown * Commander * Custom dwellings

Slide17

Farmowners Levels:

Slide18

Farmowners:

Level 1: RC-53 Commander 100%

Dwelling age must not exceed 35 years700 or better credit scoreNo claims within the last three years that exceed $1,000No limiting or exclusion of coverage allowedMust be owner occupiedMust be in excellent condition and well maintainedMinimum coverage $125,000Max coverage $400,000

Level 2: RC-54/RC-107 CD 100%

Dwelling age must not exceed 50 years.

600

to 699 credit score.

Prior claims allowed but all damage must be repaired and could be subject to a claim surcharge.

Must be in good condition and well maintained.

No limiting or exclusion of coverage allowed.

Minimum coverage $125,000.

Max coverage $400,000.

Slide19

Farmowners:

Level 3: RC-54/RC-107 CD 85%

Dwelling age must not exceed 75 years.600 to 699 credit score.Prior claims allowed but all damage must be repaired and could be subject to a claim surcharge.Must be in good condition and well maintained.Limiting and exclusion of coverage allowed.Minimum coverage $50,000.Max coverage $350,000.

Level 4: Variable Replacement

Will offer 50%, 60% or 70% of the RCT

Dwellings that exceed 75 years or older.

600 and above credit score. (Anything lower than 600 will not be eligible for this level.)

Dwelling must be occupied, in good

condition

and well maintained.

Slide20

Farmowners:

Level 5: RC-54 C/Dwelling 50%

Dwelling can exceed 75 years or older599 or below credit scoreCould be subject to a credit surchargeNo RC-90, RC-106 or RC-107 will be allowedMinimum coverage $25,000

Level 6: RC-41P ACV 50%

Will be placed in either class B, C or D depending on the minimum coverage amount and the condition of the structure.

Slide21

Unscheduled Farm Personal Property:

Livestock & PoultryHay, Silage & StrawFarm ProductsMiscellaneous EquipmentFarm MachineryHarvestingRC-399: Non-Depreciation of RepairsBlanket must be insured at 100% of ACV

Slide22

Scheduled Personal Property:

Additional insurance coverage that can be provided for such items as:JewelryComputersFine ArtsCollectiblesGunsAll-Terrain VehiclesBoats

Slide23

Unacceptable Risks:

Wood burning stoves used as primary heat source60 AMP electrical service Vicious dogs such as Pit Bulls, Doberman Pinschers and Rottweiler'sCanceled or nonrenewed for any reason Vacant propertyUndergoing renovation

Slide24

General Underwriting:

Heartland Mutual will conduct the following on All risks:Clue reportInsurance scoreExterior underwriting inspectionPlease note that this combined information will determine the level of coverage and the amount of coverage offered

Slide25

How To Get Started:

Visit our website

www.heartlandmutualins.net

for a quote request form

Vector Quoting System through the IMT Dashboard

Slide26

What Information Is Needed:

Name of the applicantProperty addressPresent addressDate of birthSS #Year builtInsurance amountOutbuildings (Size/Year built)

Slide27

QuoteRequestForm

Slide28

Claims Handling:

Slide29

Claims Handling:

24 Hour claim reporting

Fast/dependable claim service by a HMIC employee

Use of specialized tools in the field

such as

the latest in laptop/tablet technology coupled with mobile Wi-Fi to be connected in the field.

This

type of technology has given

our adjusters

the ability to connect to the main office to review policy information, access our claim management system, complete inspection reports, complete cost estimates, review desktop

files

and communicate directly to the underwriters via

Skype/Slack

or

e-mail.

Slide30

Applications:

Can be completed on-line through our websiteCan be mailed, emailed or faxed inNOTE ALL APPLICATIONS MUST HAVE AN AGENT AND AN INSURED SIGNATURE BEFORE THE POLICY CAN BE ISSUED

Slide31

www.heartlandmutualins.net

www.facebook.com/heartlandmutualins

www.twitter.com/HeartlandMutInswww.instagram.com/heartlandmutualins