Van Winkle Renewal Comparison

AmGuard Insurance Company

Coverage Comparison

Rating - AM Best A+ XI Superior
Co-Insurance Clause - N/A
Business Income - ALS

14-20 Van Winkle Avenue Bldg 1
Building - $1,546,287
Deductible - $2,500
Equipment Breakdown - Included

14-20 Van Winkle Avenue Bldg 2
Building - $1,068,647
Deductible - $2,500
Equipment Breakdown - Included

22-24 Van Winkle Avenue
Building - $865,280
Deductible - $2,500
Equipment Breakdown - Included

Liability - $1,000,000/$2,000,000

$24,242

vs.

Farmers of Salem Insurance Company

Coverage Comparison

Rating - AM Best A- VII Excellent
Co-Insurance Clause - 100%
Business Income - Stated Value

14-20 Van Winkle Avenue Bldg 1
Building - $1,546,287
Deductible - $2,500
Equipment Breakdown - Included

14-20 Van Winkle Avenue Bldg 2
Building - $1,068,647
Deductible - $2,500
Equipment Breakdown - Included

22-24 Van Winkle Avenue
Building - $865,280
Deductible - $2,500
Equipment Breakdown - Included

Liability - $1,000,000/$2,000,000

19,825

★★★★★

TOTAL ANNUAL SAVINGS:

$4,417

If you are looking for a price play, Farmers is it. You are trading the following items for the savings…

Carrier Size – Guard has between $750M-$1B to pay claims. Farmers has appx $50M. In the event of a Catastrophe, this can be an issue.
Lead Exclusion – Farmers flatly excludes Lead Liability coverage. We can get this coverage if we provide Lead Swipe testing with Guard.
Co Insurance Penalty – Farmers has a 100% Co-Insurance Penalty, whereas Guard does not.
Business Income – Farmers has a stated amount, Guard has Actual Loss Sustained.