When it comes to homeowners insurance, it’s always better to be cautious than sorry because disaster can strike at any time and without warning. You’ll want to make sure you get the correct coverage for you and the right add-ons to get the job done and put your mind at ease.
Mercury Insurance is one of several insurers that offers homeowner coverage if you live in one of the ten states where Mercury sells homeowners insurance. This smaller firm may not be as well-known as Nationwide or Allstate, but that doesn’t mean it can’t give you with the coverage you require. HowAfrica reviews Mercury Insurance below so you can decide if it’s the best insurer for you.
Overview
Mercury Insurance Company provides homes insurance in ten states: Arizona, California, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia. Unfortunately, this implies that this insurer does not provide coverage in as many states as other insurers, such as Farmers Insurance, which provides coverage in 40 states.
Mercury offers coverage for:
- Dwelling protection — covers damage to your home due to fire, lightning, smoke or storm damage.
- Personal property — covers household items in the event of a fire, theft or some other covered loss.
- Extended replacement cost — covers up to 150% of the dwelling’s policy limits to rebuild your home if you experience a covered loss.
- Additional living expenses — covers your living expenses if your home becomes uninhabitable as a result of a covered loss.
- Personal liability protection — covers bodily injury caused to others or property damage due to a covered incident.
- Guest medical protection — covers the medical expenses for any visitors who are accidentally injured while on your property.
- Identity theft protection — covers expenses you incur due to identity theft.
Policyholders can also buy supplementary coverage for high-value items such as jewelry or fine art. Flood and earthquake insurance must be obtained individually as well.
Mercury also provides certain other optional safeguards that homeowners may want to consider adding to their insurance, such as:
- Service line protection — covers the cost of underground utility lines or pipes if they fail.
- Home systems protection — helps customers avoid costly repairs and replacements for a wide range of kitchen, laundry, home security, and home entertainment systems and equipment.
- Home cyber protection —provides financial protection against computer and home system intrusions, online fraud, and data breaches.
- Identity management services —can reimburse up to $25,000 in expenditures incurred as a result of identity theft.
Features
Mercury Insurance provides a handy app for Android and iOS consumers to pay bills, examine coverage information, contact customer support, and manage their policies.
Policyholders can call Mercury at 1-800-503-3724 to file a claim, or they can submit a claim online.
Discounts
Mercury Insurance offers a handful of standard policy discounts for customers who:
- Bundle their homeowners insurance with an auto insurance policy
- Have protective devices such as smoke alarms, deadbolts, and burglar alarms installed
- Use fire-resistant construction materials in the home
- Have a newer home
- Live in a gated community
- Choose a policy with a higher deductible
Of course, the savings provided may differ depending on the state you live in, so double-check that you are eligible for particular discounts.
Other insurance offered
Aside from homeowners insurance, Mercury provides a variety of other insurance products such as auto insurance, condo insurance, and renters insurance. Even for a smaller firm like Mercury, this is quite common, but the provider goes above and above by offering landlord insurance, umbrella insurance, business owners insurance, and business auto insurance.
Comparison
When compared to other businesses that provide homes insurance, Mercury’s availability is extremely limited. Mercury’s homeowners insurance is only accessible in 11 states in the United States.Lemonade is available in 24 states, while Hippo is available in 40 states.
This is clearly a deal breaker for homeowners who do not live in a covered state.
Mercury’s discounts are also quite normal in the business, but some insurers provide a broader range of methods to save on your coverage.Farmers Insurance provides a staggering 22 savings.
However, one feature that distinguishes Mercury is its service line protection. Underground service lines are essential because they provide gas, electricity, and sewage to the dwelling. If a service line fails, homeowners who have added this coverage to their Mercury policy will be protected.
Conclusion
Mercury provides regular coverage and discounts in limited geographic areas, thus it is not the ideal insurance for broad coverage. However, if you live in a state that is covered, it may still be a viable alternative for you. As with any homeowners insurance policy, the add-ons can make or break your coverage, so do your research and choose the additional coverage that best meets your needs.