Erie provides homeowners insurance policies in 12 states and the District of Columbia, receiving top marks in both JD Power’s home insurer study and its own customer satisfaction survey.
Standard policies from Geico include dwelling coverage for your house and any attached structures, plus liability protection. Additional coverage options such as service line protection or identity restoration coverage can also be purchased as add-ons.
Personal Property Coverage
Erie Home Insurance covers your dwelling and personal property with comprehensive protection for each, liability protection in case someone is injured on your property, extra living expenses if forced out, extra living expenses after covered loss; it even offers extended water coverage which protects against backups from sewers and drainage systems.
Erie offers special features, such as guaranteed replacement cost settlements and deductible waiver for claims involving total loss. Furthermore, other structures (fence, shed, detached garage) are covered at 20% of dwelling coverage amount – twice what most competitors provide! Also unique to Erie is identity theft recovery coverage available to all members of a household.
Erie Insurance is a regional provider selling its home policies in 12 states across the US, but customer surveys consistently give high marks to its shopping and claims experiences. Erie was named among the top three homeowner insurance offerings by J.D. Power in 2021. Lemonade earned an A+ rating from AM Best, signifying it is in strong financial standing to meet its obligations. Unfortunately, they currently face a lawsuit from several independent agencies alleging discriminatory practices. While Lemonade touts itself as being cutting-edge home insurance provider for today, their buying and management experience remains more traditional by way of licensed agents over the phone or physical offices.
Additional Living Expenses Coverage
Erie Insurance Group operates in 12 states and Washington D.C. It offers homeowners insurance at rates generally below the national average and boasts guaranteed replacement cost coverage to protect you in case rebuilding costs exceed what your dwelling limit allows for. AM Best has given it an A+ financial rating – their second-highest possible rating – while customer satisfaction ratings from JD Power were above average in 2021 study.
Erie home insurance stands out from the pack with an innovative feature not found elsewhere: bi-peril deductible options that enable policyholders to tailor their deductible depending on which types of claims they want covered – for instance, you might choose a $500 deductible for fire claims while opting for a higher amount for water claims.
Erie Insurance provides comprehensive liability protection, up to $1 Million of personal liability protection. They also include verbal injury coverage that shields homeowners against accusations of libel or slander brought against them by others.
Erie Insurance provides discounts to customers who purchase multiple lines from them, install safety devices in their homes and meet certain ages. Furthermore, special pricing for newer homes as well as high insurance scores is offered as discounts; however it does not offer online quotes; instead it requires speaking to an agent in order to receive and purchase policies.
Identity Theft Coverage
Erie Home Insurance provides identity recovery coverage that protects against financial losses caused by covered losses, an invaluable feature that many other home insurers don’t include in their policies.
Erie Insurance policies also come with other advantages:
Erie homeowners insurance policies come equipped with guaranteed replacement cost, meaning the company will cover any costs above your dwelling limit in rebuilding it after a disaster. In addition, Erie provides an “loss of use” option without a dollar limit that can help cover expenses associated with being forced from your home due to covered perils.
Erie offers another unique benefit with its coverage for “other structures”, such as fences or sheds that may be damaged during a disaster, at 20% of your dwelling limit – double the coverage offered by most competitors! Plus, when combined with auto or life policies from Erie you could even save up to 20%!
Erie Insurance only offers its policies in 12 states and DC. Furthermore, only limited information about their policy details can be found online; consumers needing more in-depth coverage information should contact an Erie agent near them for additional support. As a result, it may be hard to compare them with other insurers when making your choice for homeowners insurance policies.
Flood Coverage
Erie’s standard homeowners policy provides guaranteed replacement cost coverage, which covers the full amount necessary to rebuild your home in case it exceeds your dwelling limits and claim limits. Other insurers usually charge extra for such an exclusive feature.
ERIE offers various add-on services such as service line protection, identity restoration and gift card reimbursement. Furthermore, up to one million dollars in personal liability coverage is also provided – this will protect you from lawsuits alleging verbal injury such as slander or defamation.
Erie offers several discounts and credits to help reduce premium costs, such as new home, sprinkler systems, smoke detectors and multi-policy discounts for combining auto and home policies. Erie also boasts an outstanding track record in customer satisfaction; ranking as number one in JD Power Homeowners Insurance Claims Satisfaction Survey as evidence that they handle claims promptly and fairly.
