MANUAL PAGES - mpiua.com

1 MASSACHUSETTS PROPERTY INSURANCE UNDERWRITING ASSOCIATION (MPIUA). DWELLING POLICY PROGRAM (2002 EDITION) MANUAL PAGES . EFFECTIVE 09 01 18. PAGE CHECKLIST FOR MASSACHUSETTS STATE PAGES TO BE USED IN. CONJUNCTION WITH MULTISTATE RULES SECTION OF ISO's DWELLING POLICY. PROGRAM MANUAL (DP 2002 PROGRAM). EXCEPTION PAGES . DP-E-1 4th Edition 3-09. DP-E-2 4th Edition 7-08. DP-E-3 2nd Edition 9-06. DP-E-4 2nd Edition 9-09. DP-E-5 1st Edition 9-09. MPIUA EXCEPTION PAGE. MPIUA-DP-EXC-1 2nd Edition Effective 09-01-18. MPIUA-DP-EXC-2 2nd Edition Effective 09-01-18. MPIUA-DP-EXC-3 2nd Edition Effective 09-01-18. MPIUA-DP-EXC-4 3rd Edition Effective 09-01-18. MPIUA-DP-EXC-5 2nd Edition Effective 09-01-18. MPIUA-DP-EXC-6 1st Edition Effective 09-01-18. TERRITORY PAGES . DP-T-1 2nd Edition 3-06. DP-T-2 4th Edition 9-09. MPIUA RATE PAGES . DP-R-1 Effective 10 01 06. DP-R -2 thru DP-R-32 Effective 03 31 10.

2 DP-R-33 Effective 07 01 10. ISO's MULTISTATE NOTICE DP - MU -2003 - RU - 1 DISPLAYS THE LATEST. PAGE INFORMATION FOR MULTISTATE RULES PAGES TO BE USED. DWELLING POLICY PROGRAM MANUAL MASSACHUSETTS. MPIUA EXCEPTION PAGES . ADDITIONAL EXCEPTION(S) TO GENERAL RULES (2) Endorsement Attach named Storm Deductible Endorsement FP DNSP to the policy and RULE 406. enter on the policy declarations the dollar DEDUCTIBLES amount of the percentage deductible that applies to named Storm and the dollar The following replaces Rule 406 Deductibles: amount that applies to all other perils . Example RULE 406. Deductible $250 except named Storm DEDUCTIBLES $___ (2% of the coverage A limit). All policies are subject to a deductible that applies to loss from all perils except Earthquake. A separate de- (3) Declarations Instructions ductible type applies to Earthquake coverage as de- scribed in Rule 509. Enter, on the policy declarations, the percentage amount that applies named For Theft coverage , the deductible amount may differ Storm and the dollar amount that applies from the deductible amount that applies to Fire and Al- to all other perils .

3 For example: lied Lines perils . Deductible named Storm 2% of the Refer to the Earthquake and Theft coverage rules for coverage A limit and $250 for all other the applicable deductible provision. perils . A. Base Deductible (4) Deductible Application $250 Deductible. In the event of a loss to covered property B. Optional Deductibles caused directly or indirectly by wind during a named Storm the dollar amount 1. All perils Deductibles is deducted from the total of the loss for Multiply the Base Premium for the Base De- all coverages. For example: ductible by the appropriate factors selected from the following table: Amount Of Loss Limit Of Before After , , Broad & Cov. Liability 1% Ded. Ded. Ded. Deductible Fire Special Forms A $ 100,000 $ 1,000 $ 7,500 . $ 100 B 3,000 . 500 .97 .91. C 35,000 . 1,000 .95 .76. D 18,500 . 2,500 .88 .50. E . Refer to company for the minimum annual additional premium charge that applies per policy for all $100 All $ 10,500 $ 9,500.

4 perils Deductibles Table (4) Example Table All perils Deductibles (5) Use Of Factors 2. named Storm Deductibles The factors displayed in Paragraph (6). The following deductible options are used in incorporate the factors for the All perils conjunction with a deductible applicable to all Deductibles shown in Paragraph other perils covered under Extended coverage , above. Do not use the factors for the All Broad or Special Forms. perils Deductibles when rating a policy with a higher named Storm deductible. a. Percentage Deductibles (6) Deductible Factors (1) Deductible Amounts To compute the premium for this provi- This option provides for higher named sion, multiply the Extended coverage , Storm percentage deductibles of 1%, 2% Broad or Special Form Base Premium for or 5% of the limit of liability that applies the Base Deductible for each coverage to coverage A when the dollar amount insured under the policy by the appropri- of the percentage deductible selected ate factor selected from the following ta- exceeds the amount of the All Other Per- ble for the deductible amounts desired: ils deductible.

5 This option is not available for policies covering only personal prop- erty. MPIUA-DP-EXC-1 2ND Edition 09 01 18. Massachusetts Property Insurance Underwriting Association ISO Properties, Inc., 2005 PLC. DWELLING POLICY PROGRAM MANUAL MASSACHUSETTS. MPIUA EXCEPTION PAGES . (3) coverage Options The deductible factors for coverage A, RULE 406. B, D or E and coverage options for build- DEDUCTIBLES (Cont'd ings and non-building structures differ by the deductible amounts that apply to named Storm and to other perils . coverage A, B, D Or E And coverage Options For The deductible factors for coverage C. Buildings And Non-Building Structures and other personal property coverage All options differ by the deductible amount Other perils named Storm Amounts that applies to other perils . They do not differ by the amount of the named Storm Ded. Amt. 1% 2% 5%. deductible. $ 100 .9315 .8302. (4) Use Of Factors 250.)

6 9416 .8707 .7796. 500 .8890 .8201 .7188 The factors displayed in Paragraph (5). incorporate the factors for the All perils 1,000 .7290 .7290 .6378 Deductibles shown in Paragraph Do 2,500 .4940 .4920 .4840 not use the factors for the All perils De- Table (6)#1 Factors ductibles when rating a policy with a higher named Storm deductible. (5) Deductible Factors coverage C And Other Personal Property coverage Options To compute the premium for this provi- sion, multiply the Extended coverage , named Storm Broad or Special Form Base Premium for All Other perils Ded. Amt. 1%, 2% Or 5% Deductible the Base Deductible for each coverage $ 100 insured under the policy by the appropri- 250 .9920 ate factor selected from the following ta- 500 .9020 ble for the deductible amounts desired: 1,000 .7290. 2,500 .4930 coverage A, B, D Or E And coverage Options For Only use when policy also covers building or non- Buildings And Non-Building Structures building structures All Table (6)#2 Factors Other named Storm Deductible Amounts perils Ded.

7 $500 $1000 $2000 $5000. b. Higher Fixed-Dollar Deductibles Amt. (1) Deductible Amounts $ 100 .9618 .8808 .8403. This option provides for higher fixed dol- 250 .9618 .9011 .8201 .7796. lar deductible amounts of $500, $1,000, 500 .8505 .7695 .7290. $2,000 and $5,000 when the dollar 1,000 .6885 .6480. amount of the higher fixed-dollar deductible selected exceeds the amount 2,500 .4930. of the All Other perils deductible. This Table (5)#1 Factors option is not available for policies covering only personal property. (2) Endorsement and Declarations Instructions coverage C And Other Personal Attach named Storm Fixed-Dollar Property coverage Options . Deductible Endorsement FP DN SF named Storm Separately enter, on the policy declara- Deductible Amounts tions, the deductible amounts that apply All Other perils Ded. Amt. $1000, $2000 Or $5000. to named Storm and All Other perils . For $ 100 .9821.

8 Example: 250 .9112. Deductible $250 except $1,000 for 500 .8302. named Storm. 1,000 .6885. 2,500 .4930. Only use when policy also covers building or non- building structures Table (5)#2 Factors nd MPIUA-DP-EXC-2 2 Edition 09 01 18. Massachusetts Property Insurance Underwriting Association ISO Properties, Inc., 2005 PLC. DWELLING POLICY PROGRAM MANUAL MASSACHUSETTS. MPIUA EXCEPTION PAGES . RULE 406. Table B. DEDUCTIBLES (Cont'd All coverage A Limit Other C. Minimum named Storm Deductible perils $60,000 $125,000 $250,000. Requirement - Ded. Up to to to to $600,000. All Policies That Include coverage A Amount $59,999 124,999 249,999 599,999 and Over $ 100 NONE $500 $1000 $2000 $5000. $ 250 NONE $500 $1000 $2000 $5000. $ 500 NONE NONE $1000 $2000 $5000. 1. For a reduced premium, a minimum $1000 NONE NONE NONE $2000 $5000. named Storm deductible applies to all $2500 NONE NONE NONE NONE $5000.)

9 Policies that include coverage A provided that the dollar amount of the minimum deductible according to this rule exceeds 4. The Minimum named Storm Deductible as shown the amount of the applicable All Other perils In Table A and B may be removed or reduced as deductible. This minimum deductible varies shown in Table C below if the Insured has taken all or by coverage A limit and distance of the some of the required measures (See ) to protect property from the coast as shown in Table A their home from wind damage. and Table B. The named Insured may select a higher fixed-dollar deductible or a 5. Requirements for Removal or Reduction of percentage deductible with a dollar amount Minimum named Storm Deductible that exceeds the applicable Minimum named Storm Deductible amount. Table C. 2. To compute the premium for this provision, (1) (2) (3). use the coverage A limit and location of the risk to determine the applicable named named Storm Revised Storm Deductible and then follow the Deductible named Requirement Storm instructions given in (4) and a.

10 Mitigation As Per Rule Deductible (5) for a percentage deductible and in Steps Taken ( ) Requirement (4) and (5) for a higher fixed-dollar deductible. All ( ) Any All perils Deductible 3. Minimum named Storm Deductible By Roof & Foundation 5% 1%. coverage A Limit And Distance Of The Property From The Coast ( ) 5% 1%. Table A 2% All perils Deductible 1% All perils Deductible 5,000 1,000. Cov A Entire Barnstable County Rest of State 2,000 All perils Deductible Amt In Dukes & With in More than With in More 1,000 All perils Deductible than (000) Nantucket mile mile mile mile Roof Only 5% 2%. Counties of Coast from Coast of Coast from Coast ( ) 2% 1%. 1% All perils Deductible Up to 99 2% 2% 2% 1% S 5,000 1,000. 100 199 2% 2% 2% 1% E 2,000 500. 200 299 5% 2% 2% 1% E 1,000 All perils Deductible 300 399 5% 2% 2% 1%. 400 499 5% 2% 2% 1% T All Windows & 5% 2%. 500 599 5% 2% 2% 2% A All Glass Doors 2% 1%.