2910 North 44th Street, Suite 210, Phoenix, Arizona 85018-7256 · (602) 912-8456 · FAX: (602) 912-8452

Contact: Greg Harris 97-11

Executive Assistant Director FOR IMMEDIATE RELEASE

602/912-8451 July 15, 1997

Department Issues Mobile Homeowner's Insurance

Premium Comparison

The Arizona Director of Insurance, John A. Greene, announced today that the Department of Insurance has published its annual Mobile Homeowner's Insurance Premium Comparison for 19 insurers writing approximately 85 percent of the mobile home insurance business in Arizona.

The Premium Comparison is based on insurance company rates in effect as of May 9, 1997 for a double-wide or a single-wide mobile home located in Arizona in areas having a high concentration of mobile homes. The insurance companies quoted their annual premiums based on mobile home hypotheticals as described by the Department.

According to Greene, "the Department publishes the mobile homeowner's comparison each year to provide consumers with information identifying insurance companies selling mobile homeowner's insurance and the premiums they charge. The actual premium charged by these insurers will depend upon a number of variables and individual characteristics. Further, some insureds may be eligible for discounts offered by the insurance companies."

Greene indicated that the release of the updated Premium Comparison is in response to consumer interest and is part of the Department's ongoing effort to increase public awareness of the advantages of comparison shopping for insurance. "Consumers should carefully compare insurance coverage, claims' handling, and overall service as well as price. Buyers of insurance should take the time to thoroughly investigate the market to obtain the best insurance coverage for their premium dollar," Greene stated.

Anyone who wishes to receive a copy of the Premium Comparison may obtain one by writing to the Consumer Services Division, Arizona Department of Insurance, 2910 N. 44th St., Phoenix, Arizona 85018, and enclosing a self-addressed, stamped envelope, or by calling the Department in Phoenix at (602) 912-8444 or Tucson at (520) 628-6370. The Premium Comparison is also available on the Internet at http://www.state.az.us/id.