Personal automobile insurance is mandated by most states and provides you with some financial protection in case of an accident.
Your Automobile Insurance policy is a Contract that exists between you and the insurance company that protects you against financial loss in the event of an accident or theft.
Your Automobile insurance policy can only remain in force through you paying your insurance premium to the insurance company which in return agrees to pay for your losses as outlined by the automobile insurance policy.
Your BASIC Automobile Insurance provides coverage for:
You often can add "add-on" coverages for:
Personal automobile insurance is mandated by most U.S. states, and laws vary. Automobile insurance coverages are priced individually to let you customize coverage amounts and even exclude certain coverages that might not be required in your state to suit your exact needs and budget.
Automobile policies are generally issued for six-month or one-year timeframes and are renewable.
Insurance premiums can be collected in-full, or via payment plans - often monthly or every 6-months depending on the insurance company. The Mercury Policy and Claims Processing system come with a full billing system allowing virtually unlimited billing plans and options based on any rules the insurance company requires.
Typically your automobile insurance policy will cover you and family members that reside at the same location as long as tehy have not been specifically excluded from coverage AND you have disclosed all drivers. In addition, many policies will cover you driving someone elses vehicle with their permission. Finally, your policy may cover someone else driving your vehicle as long as they had your permission to use the vehicle as well.
Your personal automobile policy will cover you commuting to work, running errands, or even taking a vacation. However it will not provide coverage if you use the vehicle for commercial purposes - for instance ride sharing, or deliveries.
Note:There are supplemental insurance products that some insurance companies are now offering that you can purchase to extend coverage for ride sharing (IE: Uber or Lyft). Of course these products are for an additional cost to your personal automobile insurance premium.
Return to the Basic Insurance Information Screen.
The Mercury Policy and Claims Processing System was built from the ground up to Quote, Rate, Underwrite, Bind, Issue, Maintain, and Process Claims for all kinds of Property and Casualty insurance.
Check out our website to learn more about the system and what it can do for you as an Insurance Company, Managing General Agency, or Third Party Administrator.