Economical News

BY Meagan Ouellette | June 26, 2017

We have some news regarding Personal Lines Property Rates

We would like to notify you of a Personal Property rate change, applicable to Economical Homeowners and Seasonal Homeowners policies.
The rate change comes into effect on the following dates:

  • July 1, 2017 for New Business Policies
  • September 1, 2017 for Renewals

After a recent actuarial review, this change became necessary due to deteriorating loss ratios and trends over the past 12 months. It will result in a premium increase for all policies; however, the amount will vary based on territory and risk profile.

Despite this change, Economical will still rank in the marketplace as the most competitive option in 25% of the quotes completed.

For the past 2 years, we have enjoyed very competitive Homeowners premiums with record setting new business activity. We have confidence that the Economical Homeowners product will continue to be a highly attractive option for your client.

Thank you for your support throughout the years!

Please contact the following with any questions you may have:

David Harris
Direct Line: 506-633-2179

Kelly Robinson
Direct Line: 506-633-2171

Quick Contact

RECEPTION : 1-506-633-7000
UNDERWRITING : 1-800-222-9646
CLAIMS : 1-800-222-9718