BULLETIN
March 27, 2024
Western National Insurance Home Revisions - South Dakota
Western National recently completed a review of our homeowner programs, and we are making the adjustments outlined below in response to market conditions and to align with our loss experience. All changes are effective April 1, 2024, for new business and April 15, 2024, for renewals.
- Windstorm or hail losses for Form 3 and 5 policies will now be settled under Actual Cash Value Terms if the age of the roof is 10 years or older.
- The cosmetic damage roof exclusion is being modified to specify that this exclusion applies to all metal components of a roof.
- The required notification period for hail losses will now be within one year of the date of loss.
- The overall rate level adjustment is below 10%, although policy-level impact could be higher depending on individual risk characteristics.
As a reminder, Western National is in the process of automatically transitioning homeowner policies in our legacy system to the Signature Home program as they renew. For more detailed information on this process, please refer to our Home Policy System Transition document by clicking here.
Please contact your Regional Agency Manager with any questions.
Thank you for your continued partnership!
