Mercury Insurance Group

Mercury Insurance Group Mercury Insurance Group - Start

Added : 2016-04-25 Views :49K

Download Presentation

Mercury Insurance Group




Download Presentation - The PPT/PDF document "Mercury Insurance Group" is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.



Presentations text content in Mercury Insurance Group

Slide1

Mercury Insurance Group

Illinois Private Passenger Automobile

Slide2

A driver who is not licensed or who has a revoked or suspended license. A foreign or international license is acceptableA driver with more than 1 major violation or alcohol/drug violation within the past 3 yearsA driver with more than 3 at-fault accidents or more than 4 accidents regardless of fault within the past 3 yearsA driver convicted of a felony within the past 10 years

Unacceptable Drivers

Slide3

Policies with all vehicles garaged out of statePolicies with any vehicle used for pick up or delivery of food, newspapers, cosmetics, or any other productPolicies with any vehicle valued over $150,000, operated by employees , used commercially, or that weighs over 10,000 lbs.

Unacceptable Policies

Slide4

Coverage is not bound until the completed application has been signed by the applicant & the downpayment collected by the agent. Payment can be made with Visa, Mastercard, American Express, or Echeck. A copy of the signed application must be faxed (847) 816-4314 or emailed (IL_UW_Requests@mercuryinsurance.com) within 7 days of coverage being bound

Binding Coverage

Slide5

Prior Insurance: Has the risk been insured for all of the past 6 months? If yes, then select the Bodily Injury limits the insured has currently. (Risks with no prior insurance ARE acceptable)Length of time insured: Choose the length of time the insured has been with the prior carrier only, not how long insured overall.Home ownership: If the insured owns a home or condo there is a discount.

Factors That Effect the Premium

Slide6

Advance Quote: Quoting 5 days in advance of binding qualifies for a discountFull-time students with a B average or above qualify for a discountChildren of the named insured under the age of 25 away at school over 100 miles from home without a vehicle qualify for a discount

Factors That Effect the Premium

Slide7

Multi-policy: If the HO3, HO4, or HO6 is insured with Mercury there is a discountOccupation Discounts: For named insured and spouse if applicable, select the industry and the occupation for each. The following occupations/status receive no discount: Homemaker, Unemployed, and Other Payment Plan: The Pay-In-Full plan and the EFT plan receive discounts.

Factors That Effect the Premium

Slide8

Vehicles over 20 years old when Comp or Collision coverage is requestedVehicles that are not registered or co-registered to the named insured or resident relativesVehicles that are owned or leased to a partnership or corporation or have been declared a total lossVehicles that have been discontinued or foreign made vehicles that are no longer imported (Yugos, Daewoos)

Vehicles Requiring Underwriting Approval

Slide9

TYPETIMEFRAMEMinor Moving Violations3 yearsAccidents5 yearsComprehensive Claims over $1,0003 yearsMajor Violations3 yearsCriminal ConvictionsLifetime

Accidents/Convictions/Claims

Slide10

The MVR & CLUE reports must be ordered before submitting the application. Any MVR activity will prefill for the corresponding driver. The CLUE activity does NOT prefill. You will need to review the CLUE activity and manually add any pertinent claims for any drivers on the policy.To avoid being charged for MVR’s, Mercury will need to write 70% of the MVR’s ordered

MVR / CLUE Reports

Slide11

Slide12

Slide13

Slide14

Slide15

Slide16

Slide17


About DocSlides
DocSlides allows users to easily upload and share presentations, PDF documents, and images.Share your documents with the world , watch,share and upload any time you want. How can you benefit from using DocSlides? DocSlides consists documents from individuals and organizations on topics ranging from technology and business to travel, health, and education. Find and search for what interests you, and learn from people and more. You can also download DocSlides to read or reference later.
Youtube