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brochureHomeowners 2007
brochure PDF (140K)

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Brochure
PDF (230K)


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More than 200 property/casualty insurers throughout the United States use AAIS's personal lines insurance programs, which provide standard forms, manual rules, and loss cost rating information for insuring residential property and personal liability.

Whether you are competing in standard markets or targeted ones (coastal, urban, high-value, etc.), AAIS personal lines programs provide product development and maintenance service that can be a very cost-effective alternative to other providers or to the cost of maintaining your own program.


The Homeowners Program, a complete standard program revised in 2007, features the industry's first standardized endorsements for adding equipment breakdown coverage to a homeowners policy, and introduces new coverage provisions addressing exposure to personal injury arising from electronic communications. It's the alternative you can't afford to overlook. MORE

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The AAIS Homeowners Program features seven base forms (basic, broad, special, contents/renters, special building and contents, unit-owners, and limited perils) plus a variety of loss settlement options (actual cash value, replacement cost for personal property, modified replacement cost, and functional replacement cost).

The program includes several mandatory endorsements not available in other programs; these exclude coverage for liability arising from lead, pollutants, punitive and exemplary damages, and other causes of loss. There are more than 75 other optional endorsements, including endorsements limiting loss due to fungi (mold).

The AAIS Homeowners Program manual features countrywide rules that include most rating factors, including countrywide rating factors for optional liability coverages. Individual state pages are provided with state-specific rules and rating information, where applicable.

The  manual provides factors for higher wind and hail deductibles in most states, and an optional manual supplement provides rating factors for new homes and age of home systems. The program's rating information incorporates modeled data from leading catastrophe modeling firms.

The Mobile-Homeowners Program provides all the coverages needed for insuring mobile homes along with rating information based on mobile-home experience.

The Home-Based Business Coverage Part, provided as part of the AAIS Homeowners, Mobile-Homeowners, and Farmowners programs, was the industry's first standard endorsement developed to provide personal lines coverage for the property and liability exposures of certain home-based businesses. It was subsequently expanded to add a class for bed and breakfast operations, and is scheduled for further revision in 2008. MORE

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The AAIS Home-Based Business Coverage Part classifies eligible home-based businesses into six categories, allowing personal lines staff to underwrite and rate the entire policy without using commercial lines procedures.

Regarding liability coverage, the endorsement replaces the personal liability coverage in the base policy with commercial liability coverage for business exposures.

Regarding property coverage, the endorsement does four things:

  • It extends personal property coverage to business property on the premises;
  • It adds coverage for structures used to store business property,
  • It increases the limit for business property away from the premises; and
  • It provides business-related incidental and optional coverages such as accounts receivable.

Loss cost rating information is provided by category or risk and amount of limit, and for coverage options.

The Personal Umbrella Program provides policy forms, optional endorsements, and manual rules for writing excess coverage over the limits of underlying policies, plus "drop down" coverage for personal injury liability. MORE

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Under the AAIS Personal Umbrella Program, companies have the option of writing umbrella coverage as an endorsement to a homeowners policy or as a stand-alone policy.

One endorsement option allows carriers to write excess liability insurance for home-based businesses covered under the AAIS Home-Based Business Coverage Part. Other options are available for extending "follow form" excess coverage to farming or specified business activities covered by underlying policies.

Endorsements are provided for excluding coverage for punitive damages or for liability arising from designated premises, drivers, vehicles, and watercraft.

In all cases, defense costs are paid outside of policy limits.

AAIS Personal Monolines provide a range of booklet-style forms that can be written on a stand-alone basis or packaged with other forms to insure residential property, personal property, and personal liability. MORE

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The Dwelling Properties Program includes three residential property forms--basic, broad, and open perils--that each provides the four principal coverages--residence, related private structures, personal property, and additional living cost/fair rental value.

The Landlord's Package, provided as part of the Dwelling Properties Program, consists of the industry's first standard endorsement option for insuring a landlord's premises liability exposure for small rental units (1-4 families).

The Personal and Premises Liability Program provides three principal coverage forms--personal liability, farm personal liability, and premises-only liability--whose coverage are analogous to those provided in liability sections of homeowners forms. Options are available for excluding coverage for lead liability, pollution liability, and punitive damages.

 

AAIS
American Association of Insurance Services
1745 S. Naperville Road | Wheaton, IL  60187-8132
630-681-8347 | 800-564-AAIS | Fax  630-681-8356