Personal Property Insurance Discounts & Benefits - Island Insurance | Island Insurance

Personal Property Insurance Discounts & Benefits

Homeowners, Condo Unit-Owners and Renters Insurance Discounts

Peruse the various discount possibilities below to see if you may qualify! Some restrictions, terms and conditions apply. Please call for details.


Discount Type Description
Island Package Bundle Customers who have a homeowners, condo unit-owners or renters policy AND a companion personal auto policy, will be rewarded with a multi-policy discount of 18% discount off their personal auto policy, $50 off per eligible vehicle, and 10% off their homeowners, condo unit-owners or renters policy.
Renewal Credit or Special Customer Credit In appreciation to our loyal customers, a credit will be issued to those who renew their policies with Island, Island Premier or Tradewind Insurance. Credit will be applied to most coverages.
Premises Alarm or Fire Protection System Approved and properly maintained installations of alarm or fire protection systems may be eligible for this discount.
Age of Dwelling If you are one of the many who own a home that is less than 20 years old, you could receive additional savings with our age of dwelling credit.

Benefits


Additional benefits at NO additional charge!


Loss Assessment Coverage
A basic limit of $5,000 loss assessment coverage is included at no additional cost.


Equipment Breakdown Coverage
Home and condo insurance customers receive Equipment Breakdown Coverage, which protects your home equipment (like appliances and devices) from loss by mechanical or electrical breakdown. With approximately 60% of equipment breakdown claims due to damages caused by power surges and 75% of air conditioning system breakdowns caused by electric issues like short circuit, arcing or surge, equipment breakdown coverage can fill an important gap to cover damage that homeowners and condo policies do not.


Household equipment typically protected by Equipment Breakdown Coverage:


  • Washers and dryers

  • Computers

  • Dishwashers

  • Refrigerators and freezers

  • Ovens and microwaves

  • Garbage disposals

  • Heat pumps

  • Heating and air conditioning systems

  • Electrical service panels

  • Home security systems

  • Water heaters

  • Well water pumps

  • Sump pumps

  • Surround sound systems

  • Swimming pool equipment

  • Televisions


Equipment Breakdown Coverage does not apply to normal wear and tear as equipment ages.


Identity Theft Resolution Assistance
Powered by CyberScout®, the national leader in identity management and fraud education, its highly experienced fraud experts will lead you through the resolution process one-on-one. Through CyberScout®, homeowners insurance policyholders and their resident family members will have access to:


  • Systematic notification to credit bureaus, creditors and collectors, government agencies, police and other relevant parties.

  • Preparation of all documents and phone calls needed to resolve your identity theft, including placing fraud alerts.

  • Direct assistance with filing a police report, creating a fraud victim affidavit, plus a comprehensive case file to assist law enforcement and claims handling.

  • A 3-in-1 credit report and one year of credit monitoring.

  • One year of fraud monitoring of more than 1,000 databases to identify fraudulent use of your stolen identity.


Please keep in mind that losses or expenses incurred in reporting or resolving the effects of identity theft are not covered by identity theft resolution assistance, but may be covered within specified limits of our homeowners insurance extensions of coverage endorsement.


Landlord Insurance Discount


Customer Credit
In appreciation to our loyal customers, a credit will be issued to those who renew their policies with Island, Island Premier or Tradewind Insurance. Credit will be applied to most coverages.