Mercury Insurance Encourages Homeowners to Review Policies Annually for Potential Savings
Mercury Insurance is urging homeowners to review their insurance policies annually as potential savings may be overlooked due to home improvements or changes. The company highlights that renovations, protective devices, and community developments can affect eligibility for discounts but often go unmentioned during policy renewals. According to Mercury's Director of Underwriting Operations, Larry Anderson, many homeowners only think about their coverage when purchasing a house or filing a claim. He emphasizes the importance of regular reviews with an agent to ensure policies reflect current home conditions and identify savings opportunities from upgrades like new electrical systems, security devices, or wildfire mitigation. Mercury outlines five key changes that could impact insurance eligibility: updated home renovations, protective technology installations, resilience improvements, neighborhood developments, and community-based discount programs. Homeowners are advised to keep records of these modifications for review with their agent.
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Topics: discounts home insurance policy review