Erie Insurance

Homeowners Insurance - Erie Insurance

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Category: Erie Insurance
Published on Thursday, 15 July 2010 09:45

erie-insurance-logo"I was cooking macaroni for the kids when the upstairs bathroom came downstairs into the kitchen". We fondly call that particular claim, “The Case of the Flying Macaroni” and the Policyholder who it happened to became one of our biggest fans. Earlier that year she had purchased ERIE’s HomeProtector Insurance from her Erie Insurance Agent. She liked that our particular policy gave her all kinds of reassurance.

Homeowners Insurance

ERIE offers:

  • Competitive pricing with discounts such as Age of Insured, New Home, as well as Multi-Policy.
  • Guaranteed replacement cost on your home and attached structures. (After all, what are you going to do with half a door?)
  • Coverage up to $3,000 for theft of jewelry, watches, furs, precious and semi-precious stones.
  • Award-winning claims service that ensures you will be contacted promptly after reporting a loss. (Really, why should you have to wait?)

Home Insurance Options
Learn more about ERIE's home insurance products:

  • HomeProtector
  • Value & Discounts
  • Apartments, Condos or Mobile Homes
  • Flood Insurance

To help protect your belongings, maintain your home and avoid dangerous situations that could lead to a loss, refer to these home safety articles. Not sure what you need? Learn more about what's included in a standard home insurance policy.

Additional Protection: Identity Recovery Coverage
With ERIE's Identity Recovery Coverage, you can have peace of mind knowing that if someone steals your identity, help is just a phone call away. Identity Recovery Coverage can be added to any ERIE home or mobile home policy.

 

Coverage

Homeowners

Not all homeowner’s insurance policies offer the extra protection features of Erie Insurance’s HomeProtector program. ERIE offers a variety of coverage options with the Broadcover, Extracover and Ultracover policies.

  • Broadcover – Covers named perils on property and building*
  • Extracover – Covers named perils on property, all risks on building*
  • Ultracover – Covers all risks on property and building*

Contact an Erie Insurance Agent to review the insurance policy options in more detail.

Insuring Your Apartment, Condominium or Mobile Home
Homes, like people, come in all shapes and sizes. A two-story suburban Colonial. A trendy flat in an urban neighborhood. A spacious doublewide. Whatever your home, sweet home, the point is it’s yours.

And we want to help you keep what’s yours … well, yours. Erie Insurance offers homeowners’ type coverage for your apartment, condo or mobile home. Each of the policies covers:

  • Your personal property, wherever it may be.
  • Loss of use, which includes additional living expenses if you have to relocate temporarily.
  • Personal liability for certain types of claims brought against you anywhere in the world.
  • Medical payments to others injured in an accident that arises from your premises or personal activities.

 

Flood Insurance — Getting Coverage
Did you know that your home has a greater chance of being damaged by a flood than a fire? It’s true, according to FloodSmart.gov. Unfortunately, your homeowners insurance policy won’t cover the damage to your home or property; only flood insurance will cover the losses.

Erie Insurance partnered with American Bankers Insurance Company to offer Policyholders flood coverage options through its Agents. American Bankers is one of the top flood carriers in the country and has consistently received an excellent rating for financial strength from A.M. Best credit rating organization.

Your Agent can also help you secure flood insurance to protect your home or business through the Federal Emergency Management Agency’s National Flood Insurance Program.

It’s a good idea to start the process as soon as you can because most flood insurance policies have at least a 30-day waiting period before they take effect.

Premium costs for residential properties vary depending on coverage, which is available for your building, contents or both. Your Agent can help determine the flood risk level for your home and property and advise you on the appropriate level of insurance protection.

What’s Covered?
All types of homes including condos are eligible for flood insurance. You can even purchase flood insurance to protect your contents if you rent your home.

But while most homeowners insurance is set up to get your home and belongings back to their pre-loss states, flood insurance is designed to simply get you back on your feet — it’s not as comprehensive as most homeowners policies.

Flood insurance doesn’t cover basement improvements like walls, floors or ceilings and personal belongings that are kept in the basement. It does usually cover washers and dryers, food freezers and the food inside. Water tanks, oil tanks, furnaces, stairways, unpainted drywall and sheet rock walls and ceilings are generally covered as well.

Major Disasters

In extreme cases, federal disaster aid may be available. But before most forms of federal disaster assistance are offered, the area must be declared a major disaster by the President. That declaration doesn’t happen often. According to the Insurance Information Institute, it occurs in less than 10 percent of all disasters.

With flood insurance in place, a major disaster does not have to be declared for a claim to be paid. However, certain criteria must still be met before the claim is paid and even with flood insurance, the entire loss may not be covered.

Since it may take some time before a flood insurance payment arrives, it’s a good idea to have some emergency funds available to see you through.


Homeowners Value and Discounts

To offer you the most for your insurance dollar, Erie Insurance offers a variety of discounts on homeowner policies.

  • Multi-Policy Discount – insure your home and auto with Erie Insurance and receive additional savings on your homeowners insurance.
  • Life Multi-Policy Discount – save on your homeowners insurance when you have a qualifying Erie Family Life policy (not available in N.Y.).
  • Fire and/or Burglary Alarm System Discount – install smoke alarms or a burglary alarm system in your home and take advantage of additional discounts.
  • Sprinkler System Credit – if your home is equipped with an automatic sprinkler system, you’ll save on your homeowners insurance.
  • New Home Discount – if your home was built in the last 14 years*, you’ll receive a discount on your homeowners insurance.
  • Age of Insured Discount – Erie Insurance offers Policyholders age 46 and older a discount on their homeowners insurance. The discount increases as you age (not available in N.C. and N.Y.).**

* Age requirement of home varies by state.
** Maximum discount offered at age 65. Discount will remain on the policy after age 65.

 

Source: Erie Insurance