Unlike many carriers named storm ERIE franchise is a specific amount rather than a percentage of your owners limit. Instead, you only pay your regular deductible if your home is affected by a named storm or danger deductible you choose.
Peril ERIE franchises are a new option that lets you choose different deductibles for different perils. They are based on two things: how much premium savings you want and how much risk you're willing to remember. These franchises are actual dollar amounts instead of percentages, a good thing because the percentages are more likely to lead to sticker shock when a franchise expires after a major weather event.
"We offer our customers a new option and a new way of managing risk premiums with deductibles," said Joe Vahey, vice president and product manager, Personal Lines. "Customers can choose a deductible dollar amount from $ 250 to $ 10,000 for meteorological events NWS officially names. This includes hurricanes, tropical storms and tropical depressions."
Alternatively, choose deductibles for fire and lightning, hail, theft and vandalism, water and wind.
Not interested in changing your franchise? No worries because you always have the option to keep your original franchise.
"Your ERIE Insurance Agent can you whose franchises are the best solution for you and will impact how different franchises advice show your premium," said Vahey.
ERIE will begin deploying this new option in September 2013 in April 2014, all REA customers will be able to choose their own franchises for these dangers.
Watch a video of the response to 27 ERIE April 2011, Tennessee tornado.
0 Komentar