PL - IA 01/01/2013 Rates and Manuals - Western National Insurance ...

Western National Mutual Insurance CompanyIOWA HOMEOWNER RULESRule 5 – DeductiblesA deductible amount is subtracted from all covered property losses, except those losses covered by thefollowing Incidental Property Coverages: Emergency Removal; Fire Department Service Charge; CreditCard, Forgery, and Counterfeit Money; Grave Markers; Loss Assessment; Refrigerated Food Spoilage;and, if applicable, Lock and Garage Door Transmitter Replacement.The deductible amount is subtracted only once per occurrence at each location, regardless of thenumber of covered items affected.5.1 Common Loss DeductibleCommon Loss Deductible form WN IL 07 is added to all Homeowner policies. This formchanges the deductible provision. When an insured has more than one policy (homeowner,personal auto and/or motorcycle) insured with Western National Insurance Group, they have theoption of choosing only the single highest deductible applicable to these policies whenever anoccurrence involves more than one policy.5.2 Flat Deductibles – All PerilsA flat deductible applies to all perils for Forms 4 and 6, and to all perils except wind and/or hailfor Forms 2, 3 and 5.Deductible AmountStandard Program Standard Program Preferred Program Preferred ProgramForms 2 and 3 Forms 4 and 6 Forms 3 and 5 Form 6$ 500 $ 500 $ 500 $ 5001,000 1,000 1,000 1,0001,500 1,500 1,500 1,5002,500 2,500 2,500 2,5005,000 5,000 5,000 5,00010,000 10,000 10,000 10,000Use the factors shown in this manual to adjust the premium and show the deductible amount onthe declarations. Deductible credits are NOT subject to maximum dollar amounts.5.3 Higher Windstorm Or Hail DeductiblesPolicy Forms 2, 3 and 5 will be issued with a minimum deductible of $1,000 applicable to losscaused by perils of windstorm and/or hail. The windstorm or hail deductible must be expressedas a flat dollar amount.Windstorm or hail deductibles in excess of $1,000 are also available for Forms 2, 3 and 5.Use the factors shown in this manual to adjust the premium. These factors are to be used in lieuof the factors shown in Rule 5.2.When a windstorm or hail deductible applies, show the deductible amounts on the declarations.7-1-2010 IA - Rules - 13 General RulesIncludes copyrighted material with permission of American Association of Insurance Services