Minnesota insurance agents now can offer customers a new product that combines accident forgiveness and more discounts with rating tiers to help keep rates competitive, according to Northbrook, Ill.-based Encompass Insurance.
New Encompass Edgesm offes agents the flexibility to write insurance for more customers while providing discounts and accident forgiveness features that can help keep consumers’ premiums competitive.
Encompass Edgesm offers Minnesota policyholders:
• Auto accident forgiveness that will help consumers keep their rates from increasing just because of an accident; and,
• A highly sophisticated pricing model with 1,024 auto tiers, providing every customer a more tailored price for his or her auto and homeowners insurance.
Several discounts are available, all of which can be combined, including:
Good Payer (auto) discount – Customers automatically receive a 5 percent good payer discount. If, however, they receive a cancellation notice during the policy year, they will lose this discount when they renew the policy. (They can earn the discount back if they do not receive a cancellation notice for 12 months.)
New Car discount – Encompass offers a 5 percent discount on vehicles model year 2008 and later if they are purchased new by the insured and not previously titled. This discount decreases over the first three years and is eliminated at the end of the term.
Future Effective Date (auto) discount – Customers qualify for a 10 percent discount if their Encompass policy is issued at least seven days before its effective date. This discount decreases over the first two years and is eliminated at the end of the term.
Encompass Easy Pay Plan (auto) discount – Customers who use the Encompass Easy Pay Plan receive a 5 percent discount.
Home Buyer (property) discount – A discount of up to 10 percent is available for first time homeowners who purchased their primary residence home within the last five years. All utilities including the roof must have been updated in the past 20 years. This discount is eliminated after five years of ownership.
Encompass Edgesm also offers other features for consumers who buy the Elite policy such as unlimited accident forgiveness, safe driver bonus and more.
More than 8,800 independent agencies sell Encompass, Allstate and Deerbrook-brand automobile, homeowner and related insurance products. Part of the Allstate Group, the three brands combined make Encompass one of the nation’s largest carriers to provide protection through independent insurance agencies. More information can be found at www.encompassinsurance.com.
Source: Encompass Insurance
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