Electric Insurance: Overview

What are the benefits of Risk Coach™ from Electric Insurance?

Risk Coach™ is a personalized assessment tool that connects consumers with a licensed professional, who conducts one-on-one insurance reviews to help them understand the coverage terms of insurance policies and identify the best way to protect their most valuable assets.

How to get student discounts from Electric Insurance:

Electric Insurance offers two kinds of student discounts as detailed below:Good Student Credit: applies to full-time students, up to age 24, with a “B” or better average who meet the following criteria:Ranks in the upper 20% of his/her class scholastically, or Maintains a "B" average or its equivalent if the letter grading system cannot be averaged, then no grade can be below a "B" orIn a numerical grading system, the student must have at least a "3" in a "4, 3, 2, 1" point system or its equivalent. A student is included on a "Dean's List" or "Honor Roll" or comparable list indicating scholastic achievement. Student 100 or More Miles Away from Home (Without a Vehicle) Rating Credit: This applies when the named insured has a household family member who is on the policy, but who is away at school or in the armed services and is 100 miles or more away from home without an auto.

Does Electric Insurance offer discounts for hybrid or plug-in vehicles?

Electric Insurance company offers a 10 percent discount for electric and hybrid vehicles.

What is liability only coverage by Electric Insurance?

Electric Insurance offers bodily injury liability and property damage liability which is required in all states. Each state has different coverage requirements, so depending on where you live, you may be required to have additional coverage.

Does Electric Insurance have Personal Injury Protection coverage?

Electric Insurance offers personal injury protection, which would pay you medical costs for you and your passengers. In some states, it also includes lost wages, additional living expenses you incur as a result of the accident, funeral costs and more.

Electric Insurance company offers the following benefits to homeowners:

12-month policies: lock in your cost for a full year and cut the number of renewal policies and ID cards you receive in half (normally the companies offer 6-month policies).Broad payment options: some employees who have the coverage with the company through their employer's benefits program get payments deducted from their paychecks; others have monthly payments electronically debited from a checking account and some opt for the bill-by-mail options (monthly, quarterly, semi-annually and more).Convenient hours: its customer call center is staffed 8:00 a.m to 7 pm. ET, Monday through Friday but you can also report claims by phone 24-hours a day.MyAccount Policy management center: With this 24/7 online account center, you can add drivers to your policy, replace vehicles as well as view and pay your bills.

What coverage does Electric Insurance cover for homeowners?

Electric Insurance covers the following items: Coverage A (Dwelling): 100% guaranteed replacement cost coverage which includes wildfires, earthquakes, hurricanes, tornados, etc.).Coverage B (Other Structures): for other permanent structures on the property, including garages, sheds, workshops, pool houses, or in-law apartments. Coverage C (Personal Property): covers appliances, clothes, electronics, furniture and other things you use on a daily basis. If you have specialty items, find out more about additional endorsements. Coverage D (Loss of Use). If your house is damaged and needs repairs, this coverage will pay for lodgings while it's being repaired. Coverage E (Legal Liability). This coverage is especially useful for anyone who engages in activities where accidental harm could come to another, or who have children who could accidentally harm another. Coverage F (Medical Payments). If you or anyone in your immediate family who still lives at home hurts someone on your property, this coverage pays for medical care.

Does Electric Insurance offer discounts to renters?

Electric Insurance offers the following discounts for renters: Employer Group DiscountsMulti-policy DiscountClaims-free Years DiscountLength of Tenure with Electric Insurance CompanyFire Alarm DiscountSprinkler DiscountBurglar alarm discount

What are the average costs of renters insurance with Electric Insurance?

The average cost of renters insurance with Electric Insurance is about $12 per month.

Does Electric Insurance have gap coverage?

Yes, Electric Insurance offers gap coverage. This type of coverage would pay your lienholder the outstanding balance on your car loan or lease if your car is totaled.

Can you make auto payments with Electric Insurance?

Yes, you can. Electric Insurance offers flexible payment options that allow you to have monthly payments electronically debited from your checking or savings account and a credit card or debit card.

Does Electric auto insurance cover towing?

Electric auto insurance covers you if your vehicle is towed to a garage or a police impound lot after a covered accident.

How is Electric Insurance different from other insurance companies?

Electric Insurance Company is dedicated to providing great value and exceptional service to its customers in all 50 states. It’s also easy to report a claim with Electric Insurance, which can be done through the mobile app, web or by calling its call center, which is active 24 hours, 7 days a week.

Does Electric Insurance use credit-based information for insurance rates?

Electric Insurance uses credit-based information for insurance rates in order to evaluate risk and determine a consumer’s pattern of credit management. Some credit factors taken into account include payment history, public records such as bankruptcies or judgments, outstanding debt, and length of credit history scores.

Does Electric Insurance cover flood damage for homeowners?

Electric Insurance offers separate flood insurance coverage, which a standard home policy wouldn’t cover. Only flood insurance would cover damage caused by groundwater. You can purchase flood coverage for your dwelling, your personal property, or both.

Bodily Injury Liability

This form of coverage is required in every state. It covers bodily injuries to a third party in an accident that was deemed your fault.

Property Damage Liability

This form of coverage is required in every state. It covers property damage and loss of use to a third party.

Uninsured/Underinsured Motorist

This form of coverage covers damages when the other party is at fault but is either uninsured or underinsured.

Comprehensive Coverage

This coverage pays for damages and loss other than that caused by a collision. It is subject to a deductible.

Collision Coverage

his coverage pays for damages and loss caused by impact with another automobile, object or person. It is subject to a deductible.

Medical Payments

This type of protection will cover you if you’ve been injured in an accident, regardless of who’s at fault.

Medical Payments

This type of protection will cover you if you’ve been injured in an accident, regardless of who’s at fault.

Personal Injury Protection (PIP)

This coverage would pay medical costs for you and your passengers. In some states, it also includes lost wages, additional living expenses you incur as a result of the accident, funeral costs and more.

Rental Vehicle

This coverage takes care of renting a vehicle while yours is being repaired.

Towing & Labor

This coverage covers you if your vehicle is towed to a garage or a police impound lot after a covered accident.

Loan / Lease Gap

This type of coverage would pay your lienholder the outstanding balance on your loan or lease if your car is totaled.