Mercury Insurance coverage presents new coverages, reductions for Arizona householders
The new covers include:
Green home: Mercury will also pay up to 10% of the replacement costs for environmentally friendly alternatives or construction methods with covered damage. For example, with the extra coverage, if a homeowner has damaged carpeting and chooses an eco-friendly replacement, Mercury would spend up to 10% more than the cost of replacing the carpeting so the homeowner can choose the eco-friendly option. Protection extends to personal property such as devices when they are replaced with environmentally friendly alternatives.
Coordination of undamaged sidings and roofing: Roof or siding repair is often limited to damaged areas, and over time the older, undamaged areas will fade or the original roofing or siding is no longer available – meaning homeowners end up with an unsuitable roofing or siding. Mercury now offers two additional covers – roof and siding – that allow undamaged parts to be replaced if there is a mismatch.
Limited Hidden Water, Steam Leakage, or Leakage: In many cases, a water leak can be hidden in a wall or ceiling and last weeks or months before it is discovered. Mercury offers coverage for damage in these cases.
Fridge Products: Mercury offers new protection that covers groceries up to $ 1,000 when a power outage or mechanical failure of a refrigerator results in food being spoiled.
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The new discounts include:
Green home: Mercury offers up to 5% off all hazards if the home has green certification through the US Green Building Council’s LEED rating system or meets the requirements of the National Association of Green Building Guidelines.
Updated houses: Homes that are more than 20 years old and have had permissible renovations such as HVAC replacements, new roofs, conversions, or new builds in the past 10 years are eligible for a discount of up to 10% on wind and water hazards.
Good payer: Homeowners who paid on time in the past 36 months are eligible for the discount which saves 2% on the policy. The discount is available to both new customers and existing policyholders.