Mercury Insurance has launched a home cyber protection offering for homeowners and renters in Georgia.
The new coverage will provide Mercury policyholders with cyber insurance protection that includes payment and security options for computer and home system attacks, cyber extortion, online fraud and the breach of personal information involving smartphones, computers and connected home devices.
According to Jane Li, Mercury’s director of product management, the coverage can be added to an existing homeowners or renters insurance policy and protects families when using devices both at and away from home.
Home Cyber Protection Coverage includes the following:
- Payments to recover data and restore systems that have been lost or damaged due to a cyber attack – including ransomware attacks involving malware or unauthorized use of devices.
- Professional assistance by cyber extortion experts when responding to ransom demands.
- Protection from online fraud that results in a direct financial loss to a covered policyholder.
Mercury’s Home Cyber Protection Coverage is initiated upon the insured’s discovery of a cyber attack, cyber extortion threat or fraud event. Individuals and families who discover the triggering event during the policy period and report the claim within 60 days will have full coverage from losses caused by cyber attacks. Coverage can be added mid-term, and limit options of $25,000 and $50,000 per year are available.
Currently, Mercury’s Home Cyber Protection Coverage is available to Georgia, Arizona, Illinois, Nevada, New Jersey, Oklahoma, Texas and Virginia homeowners and renters.
Mercury Insurance (MCY) is a multiple-line insurance organization predominantly offering personal automobile, homeowners and commercial insurance through a network of independent agents in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia.
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