That is a very real concern for everyone, especially if you know a friend or family member that has suffered such a devastating loss. It’s our priority to ensure that every property insurance policy has the right coverage and proper limits in place. We go the extra mile when it comes to home insurance, offering regular loss prevention visits and routine evaluation checks to make sure you’re insured to value, that means that should you lose everything in a claim, we’ll put you back in the same position you previously enjoyed before the loss.
If you have a claim for water damage, it’s important to know the source of the water. Your coverage will depend on the what caused the damage and the insurance you’ve purchased. We offer a range of insurable options that include basic water escape from pipes or appliances, to sewer backup, to a full water protection endorsement that includes flooding. Not everyone qualifies for all coverage, but we’ll advise and make you aware of the options available depending on your property location and risk assessment of our loss prevention team.
The answer is yes, anytime that you assume more of the risk by covering a larger portion of a loss via your deductible will result in a lower premium. Some feel that the only time they would claim against their insurance policy is for a major loss or damage. If you agree, then carrying a higher deductible and saving some money on a lower premium makes sense. This applies to all lines of insurance, but savings may vary depending on the amount of increase in your deductible, our professional insurance advisors can discuss options and savings with you to find the best fit at your comfort level.
Erie Mutual takes loss prevention very seriously, as we would also hope all our members do as well. Our company believes that everyone who places their insurance coverage with Erie Mutual deserves the very best customer experience, that includes the added value of our loss prevention efforts. To us, it’s inconceivable how large stock insurance companies can offer proper insurance protection to homes they have never seen, or why someone would trust to insure with a company that has never visited or even taken pictures.
We arrange for our Loss Prevention team to visit every new property we insure, as well as schedule regular visits at the time most convenient for you every four years (two years for farm policies). The visit to your property allows us to assess any changes or updates made since our previous visit, or in the case of a first-time visit, it also gives us a visual to identify any risks or safety concerns which should be corrected to ensure the safety of you and your family. Loss prevention visits provide an opportunity to educate and inform Erie Mutual members, it’s part of the great relationship we’ve built over years with each of our members. Our members appreciate that their insurer is truly concerned with their family’s overall safety and well-being.
