Boat Insurance

Whether you’re a power boater or a sailor, Erie Insurance can help make sure your boat is covered from bow to stern.

Why Insure Your Boat with ERIE?

Here are three reasons why you should consider ERIE’s Boat Protector Policy for your coverage. ERIE offers:

  1. Comprehensive coverage that covers many types of losses.
    • Physical damage coverage – Covers physical loss of – or damage to – the boat equipment and accessories and outboard motor or trailer.
    • Liability coverage – Provides liability protection for bodily injury or property damage.
    • Medical payments coverage – Provides bodily injury protection for you, your family and others.

2. Included extras such as:

    • Up to $500 to repair or replace boating equipment and accessories at no additional cost.1
    • Payments up to $250 per occurrence for emergency towing to the nearest marina.1
    • Up to $1,000 coverage of non-owned property.1
    • Up to $500 for personal effects (damaged personal property). 1
    • Up to $500 for fire extinguisher recharge or replace.1

3. Quick and fair claims service that ensures you will be contacted promptly after reporting a loss.  With ERIE, you can count on:

  • Your own local Agent who lives where you do.
  • Local claims support that is available when you need it 24/7.

 

Insurance Checkup: Nine Reasons to Check Your Coverage

March 17, 2014 – As our lives change, so do our insurance needs. Letting your Erie Insurance Agent know about changes can ensure that you have adequate insurance coverage.
Here are some examples of when to check your coverage:

  1. You’re remodeling or building an addition to your property. In some cases, remodeling projects can increase your home’s reconstruction cost. Talk to your Erie Insurance Agent about your project and homeowners insurance coverage. (Whenever you hire a contractor, be sure you request a certificate of insurance to confirm that the contractor has liability and workers’ compensation coverages.)
  2. Your teen starts driving. If a teenager in your home is learning how to drive, that means you’ll soon need to help them purchase insurance. Your Agent can guide you through the process, find the best way to add the young driver to your policy and provide materials about safe driving behavior. (Related story: Mom shares her experience about teaching her daughter to drive.)
  3. You got a new job. If you have accepted a position and the work commute is shorter or longer, call us. A significant change in annual mileage could warrant a change in your auto policy.
  4. You bought a new ride. If you’ve purchased or leased a new or used vehicle, your insurance policy needs to be updated. Car dealers are required by law to confirm insurance coverage, but only you can make the necessary changes to your policy to make sure you’re fully protected.
  5. You’re saving a buck with refinancing. When you’re taking advantage of lower interest rates by refinancing your home or vehicle, your policy should be updated to reflect any new mortgagee or lienholder. If you’ve paid off your car loan, let your Agent know about that too.
  6. Your family’s growing and changing. When you get married or welcome a new baby to the family, the new responsibilities may warrant a change in your home, auto and life insurance coverage.
  7. You’ve bought a little luxury. When you purchase valuables such as a diamond ring or a rare piece of art, you should contact your Agent. A typical homeowners policy covers personal belongings and furnishings up to the policy limits, but higher-valued items may have additional coverage limitations. (Ask your Erie Insurance Agent about how you could expand your protection with affordable endorsement bundles that are available with an ErieSecure® Policy1.)
  8. You’ve started a home-based business. Depending on the equipment and the nature of your home-based business, you may need an endorsement or separate policy to protect your investment and liability exposures. Ask your Agent.
  9. It’s time to retire. Ready to kick back and relax? We can help you maximize the benefits of your retirement plan with a life insurance program.2

No matter what you’re considering, contact your local Erie Insurance  Agent, who will assist you with life, auto or home insurance policy changes and insurance needs.

1ErieSecure® is not available in North Carolina. See individual policies for specific coverage details. Certain terms and limitations may apply. Refer to our disclaimer.

2Life insurance and annuity products are not available in New York. 

 

Welcome to Centerville Insurance Agency

We offer Personal & Business Insurance as well as Life Insurance and Retirement services.

Safe Summer Fun

March 27, 2013

Keep the kiddos out of harm’s way during long, lazy backyard days

By: Amanda Prischak

Your backyard might be a fun place for the kids and the rest of the family. But is it safe? Each year, about 51,000 children are injured on backyard playground equipment alone. And thousands of others are injured or even die doing other activities. Fortunately, there are lots of things you can do to stay safe on land, air or water.

Swing sets: Opt for one with seats made of something soft instead of wood or metal. Install the set on a level surface and consider setting it in concrete. Place energy-absorbent material like sand, rubber or mulch underneath the set. Periodically check to make sure no screws or bolts are uncapped, rusted or broken. On hot days, check the temperature of slides and swings to prevent burns.

Trampoline: Make sure your model has shock-absorbing pads that fully cover the frame, hooks and springs. Refrain from using a ladder that could give small children unsupervised access to the trampoline. Only allow one person on at a time and have a no-somersaults policy. Make sure you buy anadd-on cage enclosure that keeps anyone from bouncing off. Replace the fabric and springs regularly.

Pool: Install fencing that’s at least five feet high and features self-locking, self-closing gates. Regularly check and repair the pool’s drain and suction covers to prevent accidental entrapment. Never let anyone swim alone, and make sure children are well supervised. Have a pool hook, plenty of lifevests, a ring buoy with line and a phone close by. Consider learning CPR and use a pool cover when the fun’s done. Ban head-first dives.

Tree houses: Choose a strong, sturdy tree that’s far away from any electrical wires. Refrain from placing the house any higher than 10 feet. Make sure the path up is a solid barrier wall that’s at least 38 inches tall and don’t hang any ropes or chains—they pose strangulation risks. Spread lots of mulch underneath the tree house. Each spring, check for any rotting or wear on the tree house and branches supporting it.

Wood surfaces: While cancer causing arsenic-basedwood was phased outin 2003, your wood structuresmay contain it and otherharmful chemicals. Stay safe bysealing decks every year with penetrating deck treatments. Refrain from pressure washing or using any deck washing treatments as they can turn wood toxic; instead, clean with disposable rags and soap and water. Err on the side of caution with picnic tables and cover with a tablecloth.

An umbrella for extra protection

Even the most safety-minded among us could someday face a personal injury or liability lawsuit. That’s a scary prospect since payments for hospital bills, rehabilitation, lost wages, pain and suffering, and litigation could potentially wipe out your entire net worth and even your future earnings.

Fortunately, ERIE offers affordable Personal Catastrophe Liability (PCL) policies. Also known as an umbrella policy, a PCL policy adds an extra $1 to $5 million to both your auto and your homeowners liability limits. A $1 million PCL policy typically offers the average person adequate protection for about $150 or $200 more per year. To learn more, contact your ERIE Agent.

 

Common Questions, Honest Answers

March 27, 2013

The lowdown on your high-frequency insurance questions.

By: Abby Badach

Have a burning insurance question? If so, chances are the customer advocates in ERIE’s Customer Service department have answered it many times before. Here’s a list of the most common ones they receive via ERIE’s toll-free number and Facebook® page.

I’m buying a car. Do I have coverage?

You’ll have automatic coverage for a newly acquired car if you already have a similar vehicle (in this case, a car) on your policy, ERIE insures all your other cars and the new car you buy is titled to the named insured on your existing policy. This applies whether the car you buy replaces an old car or is an additional vehicle.

However, if you’re adding something different (for instance, a motorcycle when you only insure a car), that might not apply. The takeaway? Always ask your ERIE Agent about coverage before you make a purchase.

My son lives with me and has a driver’s license, but he never drives my car. Do I have to add him to my auto insurance policy?

Technically, yes. Emergencies happen, and it’s hard to guarantee that he’ll never need to drive the car. To keep you and your family protected, all licensed drivers in your household should have their own policy or be added to yours. If you swear that Junior will never drive your car, your Agent or an underwriter may require you to specifically exclude your child from your auto policy. Always check with your ERIE Agent as not all states offer driver exclusion options.

My claim wasn’t covered when my roof sprang a leak. Why?

Since policies differ too much to give a blanket answer, your ERIE Agent should always be the first person you call about these kinds of matters. One thing that’s not covered: routine wear-and-tear. For example, if your roof springs a leak simply because it’s old, you can’t expect your policy to kick in like it would for damage caused by a peril like lightning.

If you do file a valid claim, you’ll be glad to have Guaranteed Replacement Cost. This coverage guarantees that you’ll be able to rebuild your home after a major loss without worrying about depreciation, policy limits or insurance construction costs. ERIE automatically includes it as a part of many of its homeowners policies*—and you can purchase an affordable endorsement for the policies that don’t include it.

Does ERIE offer a good student driver discount?

We don’t have a discount by that name, but we do offer the Youthful Driver Discount that can save eligible licensed drivers ages 20 and under up to 20 percent on their car insurance. Plus, drivers under age 21 who complete an accredited driver’s education course may also be eligible for discounts. Check with your Agent to see if your young driver qualifies.

For extra savings, consider ERIE Rate Lock®**. This policy endorsement freezes your auto premium year after year even if you file a claim. Your rate only changes when you add or remove a vehicle or a driver from your policy or change the location where your car is garaged.

Does ERIE have a diminishing deductible?

Yes, through the ERIE Auto Enhancement Endorsement. For each consecutive policy year in which you don’t file a claim, your deductible will be reduced by $100, up to a maximum amount of $500. Eligibility varies by state, so check with your Agent to see if you qualify.

Can you send me a new insurance card?

We can—but it’s also good to know that you can print out a card simply by logging onto your account at erieinsurance.com.

I turned 24 shortly after my policy went into effect. Can you give me the adult rate?

ERIE offers drivers the lower adult rate at age 24—a nice benefit since many carriers don’t offer it until you turn 29. Unfortunately, your policy is based on your age at the time the policy was written or renewed, so we can’t prorate it during the policy period. But know you’ll get the adult rate at your next renewal!

 

Chris Noth’s realLIFEstory®

The actor’s life could have turned out much differently if his father didn’t have life insurance
March 5, 2010

A father is killed in a car accident, leaving a mother alone to raise three young sons. It may sound like the beginnings of a Hollywood script for a tearjerker, but this was, in fact, real life for actor and producer Chris Noth. Best known as Mr. Big on “Sex and the City” and Detective Mike Logan on “Law & Order,” Chris was just 9 years old when his life was turned upside-down by his father’s death.

In an instant, Chris’ mother Jeanne was thrust into the role of a single working mother. The family’s middle-class lifestyle had been supported by two salaries. Now they’d have to make ends meet on one.

Fortunately, Chris’ dad understood the value of life insurance more than most people. He was a life insurance agent, and his job was to help people plan for the unexpected. In the case of his family, he practiced what he preached and was adequately insured.

The insurance money was a source of great comfort and security for Chris’ mother. While she continued to work as a journalist, the life insurance proceeds allowed the family to maintain their standard of living and ensured that all three boys could go to college.

Chris didn’t follow his father’s footsteps into the life insurance industry, but he understands that nothing—not even fame and fortune—can protect you from life’s unexpected turns.

“Life insurance was there for my family when we needed it,” he says. “Especially at a time like this when so many are struggling, life insurance can be that safety net that catches a family when tragedy strikes.

“Life is unpredictable, so be smart and plan ahead.”

Erie Family Life* offers a variety of life insurance products to fit your budget and needs. Talk to your ERIE Agent about which might work best for you.

*Erie Family Life insurance not available in New York

 

Live Long and Prosper

New annuity products help ensure your life
is as comfortable as it is long

April 3, 2008

Plenty of people buy life insurance to offset the financial consequences of a life ended too soon. Paying off the mortgage, getting the kids through school, funding the everyday needs of those who depend on you—life insurance plans can cover them all.

But what about the consequences of a life lived long? Are you prepared financially for the prospect of surviving and thriving well into your 80s, 90s or beyond?

You’d better be—especially if you’re part of the silver tsunami.

An aging population

The rise in the number of older Americans has been noted for awhile, showing that people are living longer. The Census Bureau reported that 90- to 94-year-olds grew by more than 44 percent from 1990-2000. What’s more, the demographic groups for those ages 45–54 (the Boomers) grew by even greater percentages during the same decade.

The Boomers are expected to stay healthier and live longer than any previous generation. But they face some emerging financial uncertainties. The solvency of Social Security remains a topic of debate and health care cost inflation shows little sign of abating. How will they finance retirement when their wallet is being pinched from both sides?

Annuities can help

One financial product that can help stabilize individual income during retirement is an annuity.

“Although annuities have been around for decades, they’re still misunderstood by a lot of people,” said Bill Williams, a manager at Erie Family Life Insurance. “In part, that’s because the financial impact of living long beyond retirement age is not something that people often consider.”

An annuity, generally speaking, is an agreement between an organization and an individual—the organization agrees to pay the individual a stream or series of payments.
Life insurance companies sell annuity products because their mission is to protect individuals’ financial freedoms in case of unexpected occurrences, including living longer than expected.

“The benefit of purchasing an annuity is that it can guarantee an income that cannot be outlived,” Williams added. “By investing some or all of your 401(k) or other savings in an annuity before or when you retire, you can secure a steady monthly income for you or a beneficiary for as long as either of you live—whether that’s to 75, 95 or longer.”

To broaden the options for Boomers and others planning for retirement, Erie Family Life recently added several products to its annuity series. One new product, the CD-type annuity, gives buyers the option of locking in an initial interest rate for three, five or seven years. To learn more about this annuity product and others, contact your ERIE agent who can help you decide which type of annuity best serves your needs.