State Auto Program Enhanced

It's a great thing when people listen - and State Auto has listened to our MILD member's request for additional coverages in our endorsed program.  Two new coverages are now included in our property and casualty program.  They are:

• Bailee - Processor Floater
• Missing Property Coverage

Bailee Floater

This new coverage provides for loss to the property of others caused by any processing or other work upon the property.  This enhancement includes a $10,000 coverage limit subject to a minimum deductible of $500 (higher if selected).

Missing Property Coverage
This new coverage provides for loss to customer's property where the only proof of loss is the unexplained or mysterious disappearance of the covered property.  The coverage limit for any one loss is $1,000, subject to a minimum deductible of $500 (higher if selected).

State Auto's program is clearly a member driven program as evidenced by these enhancements. Their program is built around the following four cornerstones for our members:

•  Quality Insurance Protection
• Competitive Pricing
• Dividend Potential for participating members, and
• Financial Support to MILD.

Quality Insurance Protection

Coverage matters when your business suffers a loss.  Having the right insurance protection is critical.  State Auto's insurance policies are tailored by local, independent agents to meet the needs of participating MILD members.  Available coverages include:

• Replacement Cost Coverage - Buildings and Business Personal Property
•  Bailee - Property of Others - Actual Loss Sustained
•  Bailee - Processor Floater
•  Missing Property Coverage
•  Equipment Breakdown
• Business Income - Actual Loss Sustained

Competitive Premiums

Price matters - and you should not have to pay more for the right insurance protection for your business.  State Auto's recent program evaluation included several pricing comparisons with member's current insurance programs.  State Auto was competitive in these instances -  and proved to be an especially good value when combining the competitive pricing with needed insurance coverages. 

Dividend Potential

This is where your MILD association membership and participation in this program makes a difference.  In this insurance program, member premiums are recognized as a group.  Next, after payment of claims, program expenses and taxes, year-end results are calculated.  If the result is a profit, a dividend will be issued to those members participating in this program.  It's that simple!

Financial Support to MILD

State Auto supports our association through an annual promotional budget.  This money is used to market this endorsed insurance program to our members through ads in this publication, our member directory and calendar.  State Auto sponsorship dollars are also used to support our annual convention.  These promotional dollars help reduce our overall costs which, in turn, keeps our membership dues affordable.

Here's how to participate.

1.      Request a proposal from a State Auto agent.  For a listing of local, independent State Auto agents in Michigan please go to State Auto's Web site at:  www.StateAuto.com, and enter your zip code in the "Find an Agent" box on the upper righthand side.  Just follow the prompts to find an agency in your area.

2.      Contact one of our agents for a quote, and Compare to your current insurance coverage and pricing.

3.      Insure with State Auto to receive the benefits of this MILD endorsed program.