USA: Four New İnnovative İnsurance Policies

Mercury Insurance announced four insurance innovations and five discounts for homeowners and renters in the US state of Illinois.

These fuses offer additional protections with an option for eco-friendly substitutes. In addition, discounts are offered to owners who take ecological measures.

David Trump, head of insurance products at Mercury Insurance, said giving state residents more ways to save financially is extremely valuable, and the added protections show the insurer is there when more things can go wrong. It is important to provide complete devices. What are they ?

Four new covers

👉Ecological housing

Mercury Insurance covers an additional 10% of replacement costs for alternative or environmentally sound construction methods.

For example, if a homeowner with this additional coverage damages their carpet and replaces it with a more environmentally friendly one, the US insurer will issue more funds.

Protection also covers other types of goods such as ventilation systems or household appliances when replaced with an environmentally friendly product. Everyday,

Mercury Insurance issues more than a million dollars to support policyholders, and also sees materials going to landfills that take a long time to degrade.

👉 Damaged roof or siding

Often, roof or siding repair is limited to a damaged area of ​​the home, and over time the existing undamaged material is lost or the roof or siding is no longer available.

Previously, homeowners could end up with a mismatched roof or siding. Today Mercury Insurance offers two additional coverages that also provide for the replacement of undamaged parts in the event of a mismatch.

👉Restriction of hidden water, steam leakage or leaks

Water-related disasters are the most common and can lead to costly repairs and many inconveniences for homeowners.

In some cases, a homeowner is unaware of a water leak in the wall or ceiling. This can take weeks or months and can only be discovered when the damage has grown significantly.

To better protect homeowners against this water damage, Mercury Insurance offers coverage that will apply more specifically to this type of damage.

👉Refrigerated products

During the pandemic, many homeowners have spent hundreds of dollars restocking their refrigerators to fill them to full capacity.

Mercury Insurance’s new protection covers $1,000 worth of grocery purchases if a power outage or mechanical breakdown of a refrigerator results in food spoilage.

Five new discounts

Additionally, new discounts include:

Green Home: Mercury Insurance provides up to 5% reduction in all risks if the home is certified green by the specific US Green Building Council (USGBC) rating system or meets the ecological requirements of the NAHB, an American builders association;Renovated residences: for example, homes over 20 years old that have had their ventilation system or roof replaced within the last 10 years are eligible for a reduction of up to 10% in water and wind-related risks;Good Payer: Insured homeowners who have made their payments on time in the last 36 months have a savings of 2% on their insurance policy;One-time premium payment: Mercury Insurance, up to 10% discount on annual premium;Digital: A new discount offering premium savings of up to 2% for policyholders who register on the client portal and dematerialize invoices and other documents.Look at us here we are here.