Wednesday, February 22, 2012
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SAVE!!

 

Erie Multi-Policy Discounts

 

 

With our multiple-policy savings program, homeowners can save 25% on their homeowners policy AND 10% on their auto policy when both policies are written through Erie Insurance.

 

Call 410-319-9100 today to find out if you qualify!

 

 
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Read what our customers say about our service and coverage with auto insurance and other product lines.



This company was issued a secure rating by the A.M. Best Company, click for additional details

 

 

Homeowners Insurance

When discussing insurance, most people think of auto insurance, but your home is in many cases the most expensive property you own. We offer a comprehensive home protector plan that includes many standard features and many additional options to tailor the coverage to match your needs. By taking advantage of higher deductibles, multi-policy discounts and credits, you can also tailor your premiums to match your budget.

Standard homeowner coverages:

Not all homeowners have the same insurance needs. We feel it is important that you understand the coverage homeowners insurance policies include, as well as the optional coverage you can purchase.

 

Coverage Included:

  1. Dwelling: provides property coverage that protects your house and attached structures if damaged by certain events; including fire, wind damage (i.e.: hurricane, tornado) and weight of ice, snow or hail. You should always carry an amount of insurance equal to the full replacement cost of the dwelling less the cost of the land. Replacement cost is the amount it would take to replace or rebuild your home or repair damages with materials of similar kind and quality, without deducting for depreciation.
  2. Other Structures: provides protection to other structures at your premises that are not attached to the dwelling. Items covered include detached garages, tool sheds, etc. Coverage is normally limited to either 10% or 20% of the Dwelling limit. However, you may purchase more coverage for an additional premium.
  3. highly valuable jewelry like this gold and diamond ring should be protected on a separate insurance riderPersonal Property: provides protection for the contents of your home and other personal belongings owned by you or family members who live with you. Coverage is limited on certain types of property that are especially susceptible to loss, such as cash, securities, jewelry, furs and guns.
  4. Loss of Use: this coverage will help with additional living expenses if your home is damaged by a peril insured against to the extent that you cannot live in your home. These expenses include, but are not limited to, housing, meals and warehouse storage.
  5. Personal Liability: this section of the homeowner policy will provide coverage in the event you or a resident of your household is legally responsible for injury to others or damage to others' property. Due to our litigious society and in order to protect your assets and retirement, we recommend at least $300,000 of coverage.

Optional Coverage You May Want to Consider:

 

Your homeowner policy will not protect you or your property in all situations. All of the exclusions and specific language can be found in your policy. Common examples of coverage not included in the basic policy that many of our clients have purchased for an additional premium include:

  1. Enhancement Endorsement: this endorsement to your policy packages many important coverages together at a reduced premium. Coverage in this endorsement include sewer & drain backup, increased special limits on personal property. We highly recommend this endorsement to all of our clients.
  2. flood insurance policies are generally optionalFlood Insurance: homeowner policies DO NOT cover flood damage. Flood coverage is available to everyone through National Flood Insurance Association. Even if your home is not in a designated flood plain, do not assume you will never incur flood damage.
  3. "Floaters" on Valuable Items: high value property such as jewelry, furs, guns, coins and fine arts are covered on a very limited basis in the basic policy. A "floater" covers possessions of high value for their full value.
  4. Water Backup and Sump Overflow: losses from water backup and sump overflow are not covered under your homeowner insurance policy. This coverage is available as an endorsement or included in the purchase of the enhancement endorsement.
  5. home office insurance coverageHome Business Coverage: more and more of our clients are conducting business from their homes. Your homeowner policy places limitations on coverage for business property and liability. There are several options available to cover a home business. We would be happy to discuss these options with you.
  6. Coverage to Replace Obsolete Siding and/or Roofing Materials: if your home has older siding and/or roofing materials that are no longer available, you should consider this endorsement. After a covered loss, this endorsement will pay to reimburse you for the cost of replacing undamaged siding and/or roofing when the materials found on the covered loss area are no longer available.
  7. Earthquake: your homeowner policy does not provide any coverage for damage due to earthquake. In areas where earthquakes are uncommon, this coverage is very inexpensive. Many of our clients purchase this coverage due to the low premium.

Umbrella or Personal Catastrophic Policy

Million dollar lawsuits are becoming all too familiar and are occurring more frequently each year. Erie's Mastercover policy adds a lot of protection for a little cost. Without adequate coverage, a large jury award could wipe out your life savings. Erie's policy provides additional liability protection against the growing wave of lawsuits and jury awards in personal liability cases. This coverage does not replace your liability on your home or auto policies, but it does add an additional $1 or more of protection to your existing policy limits. In picking up where homeowner and automobile policies leave off, it is an extra layer of protection against lawsuits resulting from damage to someone else's property or injuries as the result of an accident. It also protects against false claims and intentional acts such as libel, slander and vandalism by minors, and covers false arrest, wrongful entry, invasion of privacy and more.

 

swimming pool owners are at higher risk for insurance claimsWho is at risk?

  • Families who drive a lot
  • Home and Condo owners
  • Renters
  • Anyone active in sports, such as golf, biking, or skiing
  • Boat Owners
  • Pool Owners

It is hard to think that the liability risks that we take daily, could result in a lawsuit that could decimate even the best financial planning strategy. The umbrella policy offers peace of mind that you are protected and so is your nest egg.

Boat Coverage

If your boat is your pride and joy, then you'll want to insure it against the uncertainty of the seas. Erie's boat protector can help make your time on the water relaxed and worry-free! We offer comprehensive coverage that protect you, your friends and family, your watercraft and your boating equipment. You'll enjoy being on the water even more when you aren't worried about your safety, the safety your passengers, or your investment. Since boat coverage is not mandatory, many boaters choose not to get insurance. If you are hit by an uninsured or underinsured boater, and you are injured, Erie's coverage pays for medical treatment, lost wages, and other costs associated with the accident Erie's boat policy also pays for emergency towing up to $250 if you boat is disabled, and you may purchase additional amounts. In addition to coverage available, there are also a variety of credits including:

  • Navigational Training
  • Loran
  • Ship to Shore Radio
  • Build-in Fire Extinguisher
  • Burglar Alarm
 
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