Date of Release: August 12, 2022
State: All States
Effective Date: Immediately
Effective immediately, we are applying a 6% Inflation Guard to CPP policies as they renew if the policy, or a building on the policy, does not have an Inflation Guard applied. Inflation Guard will be required on new business going forward.
This annual increase in value helps your policyholders’ buildings continue to be insured to the proper value as time goes on.
Please contact your Commercial Lines Underwriter with any questions.
Thank you for your business.
This bulletin does not change the language of any policy. If there is a conflict between this bulletin and the policy language, the policy language will apply.