Division of Insurance Division of Insurance en espanol State of Colorado DORA

2014 Homeowners Insurance Premium Survey


Company Information.
Company Name:
NAIC Code:
Company Website URL:
Address:
City:
State:
Zip Code:

Respondent Information.
First Name
Last Name
Phone
Email


One-year premiums
as of July 1, 2014

Coverage included in premiums:

 

Dwelling Replacement Cost:

Deductible:

Contents Replacement Cost:

Liability:

Comprehensive Personal:

Medical Expense

HO-3

200,000

1000

160,000

100,000

1,000

HO-4

N/A

500

40,000

100,000

1,000

HO-6

N/A

500

80,000

100,000

1,000



Structure Type:
Frame - Wood frame
Masonry - Includes brick, concrete and veneer

Round all amounts to the nearest whole dollar.
If possible, provide quotes without additional discounts and surcharges.
If you do not have a premium for a specific field, leave the space blank. Do not enter $0.
All premium amounts should be based on full replacement cost coverage.
Assume each structure is 10 years old, equipped with dead-bolt locks and smoke/fire detectors, within 5 miles of a fire station and 1,000 feet of a fire hydrant.

The rates below should be provided on a neutral credit score. For purposes of this survey, a neutral credit score is one that would not significantly increase or decrease the rate.
Frame Structure
Cities Homeowner Policy Premiums HO-3 Renter Policy Premiums HO-4 Condominium Policy Premiums HO-6
Alamosa 81101
Arvada 80003
Aurora 80010
Boulder 80301
Colorado Springs 80903
Cortez 81321
Craig 81625
Denver 80205
Durango 81303
Estes Park 80517
Fort Morgan 80705
Ft. Collins 80525
Glenwood Springs 81601
Grand Junction 81506
Gunnison 81247
La Junta 81050
Lakewood 80227
Limon 80826
Littleton/Highlands Ranch 80126
Pueblo 81001
Steamboat Springs 80487
Sterling 80751
Trinidad 81082
Westminster 80031

Masonry Structure
Cities Homeowner Policy Premiums HO-3 Renter Policy Premiums HO-4 Condominium Policy Premiums HO-6
Alamosa 81101
Arvada 80003
Aurora 80010
Boulder 80301
Colorado Springs 80903
Cortez 81321
Craig 81625
Denver 80205
Durango 81303
Estes Park 80517
Fort Morgan 80705
Ft. Collins 80525
Glenwood Springs 81601
Grand Junction 81506
Gunnison 81247
La Junta 81050
Lakewood 80227
Limon 80826
Littleton/Highlands Ranch 80126
Pueblo 81001
Steamboat Springs 80487
Sterling 80751
Trinidad 81082
Westminster 80031

1. Does your company use credit scoring? (If you answer No skip to question 6)
Yes
No

2. Does your company use credit scoring for underwriting purposes?
Yes
No

3. Does your company use credit scoring for rating purposes?
Yes
No

4. Does your company use credit scoring for new business?
Yes
No

5. Does your company use credit scoring for renewal business?
Yes
No

6. Does your company write new business on homes located in a Wildland Urban Interface (WUI) area? ?
Yes
No

7. If you answered "Yes" to 6, describe the underwriting criteria for these homes, include PC restrictions, defensible space etc.

7A. Is your company currently non-renewing or cancelling homes located in the WUI area?
Yes
No

8. Does your company surcharge homes that are located in WUI areas?
Yes
No

9. If you answered "Yes" to 8, describe the surcharges incurred.

10. Describe your methods for educating insured's regarding fire prevention.

11. Does your company accept new homeowner applicants if they have filed a homeowners claim in the past three years?
Yes
No

12. Does your company accept new homeowner applications if a property has had a claim in the past three years?
Yes
No

13. Does your company cap replacement cost coverage?
Yes
No

14. If you answered "Yes" to 13, what is the capped percentage?

15. Does your company offer a wind/hail deductible that differs from all other peril deductibles?
Yes
No

16. Are the homeowner deductibles on file with the Division "flat" deductibles only (e.g. $500, $1,000, $5,000), a percentage of the coverage amount only (e.g. 1%, 5%, 10%), or some other method?
Flat deductible
Percentage deductible
Both
Other method

17. If you answered "Other" to 16, please explain the homeowner deductibles on file with the Division.

18. Does your company increase homeowner's deductibles due to weather related claims?
Yes
No

19. If you answered "Yes" to 18, please enter the number of weather related claims or dollar amount of the claim that will generate an increase in the homeowner's deductible.

20. If you answered "Yes" to 18, how many homeowner policies had a deductible increased between 1/1/13 and 06/30/14 due to weather related claims?

21. Does your company non-renew homeowner's policies due to weather related claims?
Yes
No

22. If you answered "Yes" to 21, please enter the number of weather related claims or dollar amount of the claim that will cause a non-renewal.

23. If you answered "Yes" to 21, how many homeowner policies were non-renewed between 1/1/13 and 06/30/14 due to weather related claims?

24. Does your company's underwriting action change if the weather related loss is considered a catastrophic loss? For purposes of this survey a catastrophic loss is defined as a natural disaster that causes $25 Million or more in direct insured losses to property and that affects a significant number of policyholders and insurers.
Yes
No

25. Does your company offer the replacement cost option for roof damage claims on homes:
Less than 10 years old
Yes
No

26. 10 - 14 years old
Yes
No

27. 15 - 19 years old
Yes
No

28. 20+ years old
Yes
No

29. Does your company write homeowner coverage for properties that have been designated historic?
Yes
No

30. Please provide any clarifications, suggestions or comments you may have regarding the information requested or this survey and its process.



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