Offer newly enhanced Encova Premier Homeowners to your policyholders today
Encova Premier HomeownersSM is better than ever, with broadened eligibility, improved pricing and more value-added services.
Written on the HO 00 05 comprehensive policy form, Encova Premier Homeowners includes many valuable coverages, including:
- Replacement cost coverage for personal property
- Extended replacement cost coverage for the dwelling – up to 150% of the coverage A amount
- Land restoration - $10,000
- Buried utility lines - $10,000
- Accidental death benefit - $10,000
- Supplemental loss assessment - $10,000
- Limited water backup and sump discharge or overflow - up to $100,000
- Personal injury
- Personal liability - $500,000
- Medical payments - $10,000
When we initially introduced Encova Premier Homeowners, the presence of both monitored fire and burglar alarms were required for eligibility. Your feedback indicated that this was overly restrictive, and we have since removed these requirements.
We also adjusted our base rates for core coverages within Encova Premier Homeowners to ensure competitiveness in the marketplace. Impacts vary based on policy characteristics, so remember to quote us every time – many policies will see quoted premiums decrease by at least $100.
Encova Premier Homeowners policyholders also have access to specialized loss control with expertise on the exposures typically associated with higher value properties. This service is coordinated with the policyholder and agent, and the loss control expert will provide recommendations and feedback to help identify potential areas of concern that should be addressed.
If you have questions about Encova Premier Homeowners or any of our Exceed products, contact your personal lines territory manager or agency manager.