Mercury Home Insurance Review 2023: Is It Right for You?

Mercury is among the largest residence insurers in California, nevertheless it additionally sells owners insurance policies in a number of different states comparable to Texas, Virginia and New York. Its insurance policies usually include further dwelling protection in case your own home prices greater than anticipated to rebuild after a hearth or different catastrophe. Mercury sells owners insurance coverage via unbiased brokers.

Mercury owners insurance coverage earned 4 stars out of 5 for general efficiency. FinanceGrabber’s scores are decided by our editorial workforce. The scoring components takes into consideration protection and reductions, ease of submitting a declare, web site transparency, monetary power, criticism information from the Nationwide Affiliation of Insurance coverage Commissioners and extra.

Mercury sells owners insurance policies in 10 states.

Mercury’s owners insurance policies embody all the usual forms of protection above. They could additionally embody the next:

• Substitute price protection for private property, which pays sufficient to purchase brand-new replacements for broken or destroyed belongings. With out this protection your insurer would pay the objects’ precise money worth, which displays depreciation.

You could possibly add the next non-obligatory forms of protection to your coverage:

• Gear breakdown protection for repairs to air-con programs, kitchen and laundry home equipment, water heaters, electrical panels and extra.

• Service line protection, which pays as much as $10,000 per declare for repairs to or alternative of broken service traces, comparable to sewer, water and gasoline pipes. With out this protection, you’d be on the hook for these repairs, regardless that they hook up with city-owned or utility-owned traces.

• Extra protection for valuables, comparable to jewellery or fantastic artwork.

• Private cyber protection, which reimburses you in the event you’re the sufferer of an internet assault comparable to on-line fraud or extortion, as much as $50,000 with a $500 deductible.

• Water backup protection to pay for harm from backed-up drains or failed sump pumps.

For California owners who’ve fireplace protection via the state’s FAIR Plan, Mercury affords distinction in situations insurance coverage to cowl eventualities the FAIR Plan gained’t, comparable to theft, private legal responsibility and water harm from damaged pipes.

Relying on the place you reside, you could possibly save by:

• Having fire-resistant development supplies in your house.

• Residing in a gated group.

• Having a number of insurance policies with Mercury (often known as bundling).

• Putting in protecting gadgets comparable to smoke alarms, deadbolts or water leak detectors.

• Not submitting any claims for no less than three years.

• Signing up for digital billing.

• Defending your private home towards wind harm.

• Getting a quote prematurely of while you want protection to start out.

• Being a current homebuyer.

• Taking steps to stop wildfires or residing in a group acknowledged by the Nationwide Hearth Safety Affiliation as a Firewise USA website (California solely).

Mercury had greater than the anticipated variety of complaints to state regulators relative to its dimension for residence insurance coverage, based on three years’ price of information from the Nationwide Affiliation of Insurance coverage Commissioners.

Web site: On Mercury’s web site, you may pay payments, view coverage particulars, request modifications and file claims. Nonetheless, you’ll must contact an agent to get a owners quote.

App: You need to use Mercury’s app to see coverage data, pay payments and call customer support.

Claims: Mercury affords 24/7 claims submitting on-line or at 800-503-3724. When you’ve submitted your declare, you may verify its standing via your on-line account. Be taught extra about tips on how to file a house insurance coverage declare.

Customer support: For help, contact your agent, name 800-503-3724, ship an e mail via the web site or chat stay with a consultant.

Protection. Mercury’s default insurance policies usually embody an additional cushion to your dwelling protection, plus alternative price protection to your private belongings. These are each extra beneficiant forms of protection than many normal owners insurance policies have.

Reductions. Mercury affords loads of methods to economize on owners insurance coverage.

Availability. Mercury’s owners insurance coverage is offered in solely 10 states.

Client complaints. Mercury attracts a better quantity of complaints to state regulators than anticipated for an organization of its dimension.

Mercury owners insurance coverage isn’t accessible to most People, however in the event you stay in California or one of many different states the corporate serves, its insurance policies are price contemplating. It’s preferrred for somebody trying to work with an agent to seek out the protection they want.

Not able to decide? Chances are you’ll be keen on these different owners insurance coverage corporations: