Homeowners

Nuts & Bolts: The Hartford Financial Service Group Inc. introduced a homeowners’ insurance program designed to meet the changing coverage needs of families over their lifetime. Highlights of the Hartford’s new homeowners plan are: broadened eligibility, including homeowners with no prior insurance, all insurance scores and most roofs; competitive pricing for all types of homes, including apartments, rentals, condos, single-family homes, and homes valued up to $750,000; new optional higher deductibles; new optional endorsements, including identity fraud expense; scheduled personal property with agreed value; property and liability coverage for loved ones living in assisted living care facilities; property and liability coverage for students living away from school; and replacement cost of non-building structures, such as patios and walkways. Customers can also save up to 10 percent on their auto premium and an additional 10 percent on their homeowners premium when they buy both insurance plans.

Dollars: Deductibles from $250 to $5,000 available. Premiums vary by risk. No maximum dwelling coverage limit, however, requests for dwelling coverage of $1 million or greater require approval by a Hartford underwriter prior to binding coverage.

Carrier: The Hartford, rated “A+” by A.M. Best, admitted.

States Available: Expected to be available in most states by the end of 2004, with the exception of Alaska, California, Delaware, Hawaii, Louisiana, Massachusetts, Maryland, Mississippi, North Carolina, New Jersey and West Virginia.

Contact: Carin Stepeck, (860) 620-6247 or carin.stepeck@thehartford.com