On AE’s new homeowners portal, you have the option of selecting various coverage limits for your customer’s personal property. At AE we make sure to listen to our agents’ requests – no more forced coverage C limits.
Here is a comparison of the old (traditional ISO) vs. the new:
| Traditional ISO | AE’s Automated System |
|---|---|
| Actual Cash Value – 50% of Cov. A Limit | Replacement Cost – 30% of Cov. A Limit |
| Replacement Cost – 40% of Cov. A Limit | |
| Replacement Cost – 30% of Cov. A Limit | |
| Replacement Cost – 50% of Cov. A Limit | |
| Replacement Cost – 70% of Cov. A Limit | |
| Actual Cash Value – 50% of Cov. A Limit |
Example: John Doe insures a home with a Cov. A limit of $500,000. In the past the coverage for personal property would default to $250,000 and only pay the actual cash value. John only owns $150,000 in personal property and would like to get the full replacement cost in case of claim. With AE’s “30% of Cov. A Replacement Cost” selection, you can now offer this option to John.
Please note- this is available for NY policies underwritten on AEIC paper.
