Three Ways to Use Home Insurance to Control Inflation Costs

/2022%20Gold%20Stevies%20Icon%20for%20Customer%20Service

Customer Service

/Icon%20of%20the%202021%20Gold%20Customer%20Service%20Award%20from%20the%20ABA

Customer Service

Choose Coverage

 

Inflation is the highest it has been in 40 years. The average cost to rebuild a home has risen by more than $36,000 just since 2020. You’d be in a tough place if you had to rebuild your home in the foreseeable future.

This is how we can help

Our home policies not only lock in your rate for 12 months, they can also protect you from inflationary costs.

Three more ways to save2

  • New customer “Welcome!” home discount - up to 10%
  • Get multi-policy discounts of up to 25% off your home insurance rate and up to 10% off your current auto rate
  • The Bundle Plus Advantage - more than just a few discounts3

Contact us

Our Risk Coaches™ are licensed insurance professionals can help you get the money-saving home coverage you need. Call us at 800.539.8658 Monday through Friday, from 8:00 a.m. to 8:00 p.m. ET.

 

 

 

Disclosures

Share this:

Additional Rebuilding Cost Coverage

Pays the total cost to rebuild your home if it is destroyed by a covered cause of loss – even if it exceeds the policy coverage limit.1

Personal Property Replacement Cost Payment Option

Pays the amount it takes to replace your destroyed property with items of the same quality. Your claim payment amount isn’t reduced by depreciation.1

Coverage for Expenses Imposed by Your Municipality

Sewer and service line replacement or repair. Most homeowners don’t know this – and it can cost them plenty: If the sewer or other service line connected to your house has to be repaired or replaced, you – not your city or town – are likely to be on the hook for it. That can cost more than $30,000. Save yourself a portion of this expense by adding a $66 endorsement to your home policy that provides up to $10,000 in coverage.

Rebuilding your home after a total loss. Building codes have changed quite a bit. If you have to rebuild your home, you have to obey local ordinances or laws related to building codes. Doing so can cost you tens of thousands of dollars. A good home insurance policy includes “Ordinance or Law” coverage against this expense.

Police and fire department service charges. A police or fire department that responds to a call about your property can charge you several hundred dollars – even if you didn’t make the call and it was a false alarm. It’s a good idea to make sure your policy includes coverage for these municipal service charges.

Disclosure Statements

This page offers a brief description of insurance coverage and/or related services offered by Electric Insurance Company and is provided for informational purposes only. For exact coverage provisions, availability, terms, limitations, and exclusions, please contact Electric Insurance Company at 800.342.5342. In the event there are discrepancies between this information and the policy, the terms of the policy apply.

* The policy’s co-insurance clause requires the dwelling to be insured for at least 80% of the cost it would take to rebuild it at the time the claim is made in order for Additional Rebuilding Expense Coverage to apply.

1. Terms and conditions apply; availability varies by state.

2. Product, service, program, credit, and discount availability and limits vary by state. The information provided on this site is provided for informational purposes only and is not a full explanation of products, services, or coverage.

3. Applies to incidents that damage both the covered auto and home; terms and conditions apply; subject to eligibility.

 
call-now 800.539.8658