Effective January
2009: All Connecticut FAIR Plan DP-1 policies that cover
dwellings located within 2600' of the Connecticut shoreline will
have two deductibles. There will be a deductible for named perils
and a separate deductible that applies in the event of direct
physical loss to property covered under the policy caused directly
or indirectly by windstorm associated with a declared hurricane.
The amount of the hurricane deductible is 5% of the building coverage
(Coverage A). The dollar amount for this deductible is shown on
the quotation and the policy declarations page. A disclosure notice
and a copy of the endorsement will be mailed with all applicable
renewal quotations. A copy of this Hurricane Deductible endorsement
(CFP-HUR-8-07) is available on this website by clicking HERE.
July 2008: The Coastal Market Assistance Program
(C-MAP) has been created to assist homeowners living in Connecticut
coastal areas who have been unable to obtain insurance. C-MAP
was created by the Insurance Companies that write homeowners
insurance in Connecticut under the authorization of the Connecticut
Insurance Department and is administered by the Connecticut
FAIR Plan.
Applicants to C-MAP must
go to a producer or agent to assist them in all insurance transactions.
June
2006: Liability coverage is now available on 1 to 3
family dwellings that are vacant/unoccupied and under renovation,
subject to inspection. Vandalism and Malicious Mischief coverage
is also available on dwellings and commercial property that
are vacant/unoccupied under renovation – however, it is
very expensive because of the vacancy.
February
2006: We no longer require the ‘original’
application, if an application is faxed to us. However,
the faxed application must still be complete and it must be
signed by the applicant.
Animal
Bites -
Effective
1/1/04, we have the 'Animal Liability Exclusion Endorsement'
that allows us to provide liability coverage but exclude any
animal(s) that has bitten and is still on the premises. An 'Acknowledgement
of Exclusion of Animal Liability Coverage' Form must be completed
and signed by the Applicant/Insured before we can add this endorsement.
As of January 2004,
we no longer accept applications (new or renewal) without an
agent. We are advising all applicants to seek assistance from
any insurance agent who is licensed in Connecticut for property
insurance.
Third Party Notification
forms are being mailed with every new and renewal policy. This
form allows any insured who is 55 years or older to designate
a third party to receive cancellations and non-renewal notices.
We cannot transfer
coverage by endorsement from one insured to another (due to
the Patriot's Act). A new application, quotation and policy
are required.
The FAIR Plan has
adopted the new ACORD 66 CT Application to be used for all new
business submissions. We will still accept our Form #10 Application
for Basic Property & Liability Insurance while supplies
last.
Our Corporate Questionnaire
and Vacancy Questionnaire are still required, where applicable,
on all applications.
We do not write schedules
(unless 2 or more buildings are on the same lot). This is due
to the new Limited Fungi, Wet or Dry Rot, or Bacteria Coverage
endorsements that limit coverage per policy. Schedules provide
less coverage.
Suggestions? This is our new website and we would like your input.
How can we improve it, have we missed anything? E-
mail your comments
