Welcome to CSE's upgraded CA Safeguard Homeowners Insurance product!

We are excited to announce a revision to our Safeguard Homeowners Insurance product in California. It's been completely updated and repositioned to serve the preferred marketplace. The overall rate change for this revision is -2.0% and the effective date will be May 15th, 2016 for new business and renewals.


   
 
Below you'll find a full recap of our new features and enhancements!

First, a note on rate change and pricing segmentation:

Our Homeowners Insurance rates have been adjusted to allow for better pricing segmentation. However, with this improved segmentation comes premium dislocation. 66% of our policyholders will see a premium change of less than $200. If you would like to learn more about your agency's in-force policy level impact, please contact your Territory Manager.

With these new rates, coverage enhancements and flexibility features, CSE's Homeowners product is a superior solution for today's homeowner.
New features and enhancements

Broadened discounts:
  • LOYALTY - Existing CSE policyholders save up to 5%
  • ALARMS - Save up to 21% for burglar, fire, and water detection devices
  • MULTI-POLICY - Save up to 24% when insuring Auto, Landlord, Earthquake or Umbrella
  • 56+ - Save 5% if 56 years of age or older
  • CSE AGENTS - Save 5% as a CSE Agent


New enhanced coverage features:
  • Ordinance or law - expanded to 10% of Coverage A on a base policy and 20% of Coverage A with the Plus endorsement
  • Sewers and drains - the Plus endorsement now includes $7,500 for loss to property caused by back up of sewers and drains
  • Policy sub-limits - both the base policy and the Plus endorsement sub-limits have been enhanced to provide broader coverage for CSE policyholders
  • Loss assessment coverage up to $2,500 for covered assessments from an HOA
  • Extended replacement cost (ERC) - the Plus endorsement now includes
    175% extended replacement cost
  • Removed the exclusion for damage from rain, snow, sand or dust
  • Numerous sublimits increased, including those for bicycles, trailers, firearms, business personal property on premise


New optional enhancements:
  • Higher policy level deductible options up to $10,000
  • Water damage deductibles of $5,000, $7,500 and $10,000
  • Expanded scheduled personal property categories to now include bicycles and firearms
  • Functional replacement cost coverage for older homes
  • Ordinance or law - increased limits coverage
  • Service line coverage up to $10,000
  • Loss assessment coverage - higher limits now available

 
Renewal endorsement functionality 

You now have the ability to endorse upcoming renewal policies starting 3/25.

This will enable you to manage the premium level as well as add some of the CSE new coverage options effective with the renewal.
 
To make changes effective upon renewal, simply select "Renewal" in the Transaction Selection drop down box in SPInn in order to see all new coverage options. You will have a window to make changes within 51 days to 65 days from the renewal effective date.

 

Agent binding authority:

Agent binding authority has been increased to $1M liability limits and $1.2M Coverage A!


For more information about revisions to the policy, please check out our important notice to all policyholders.

We are proud to provide you with these enhancements. If you have any questions about the above stated questions, please contact your Territory Manager.

We sincerely thank you for trusting CSE with your business!