Mercury General

Mercury General Corporation

TypePublic
Traded asNYSE: MCY, S&P 400 Component
IndustryInsurance
Founded1960
Headquarters4484 Wilshire Boulevard, Los Angeles, California
Websitewww.mercuryinsurance.com
  • Mercury General Corporation is a multiple-line insurance organization offering personal automobile, homeowners, renters and business insurance.
  • Mercury's primary focus is auto and homeowners insurance, however, the company also writes personal liability policies (umbrella), business insurance, mechanical breakdown protection (similar to an extended warranty for your vehicle), renters, service line protection, home systems protection, identity management protection and ride-hailing insurance.
  • Products
    • Personal Auto Insurance – Mercury provides liability, comprehensive, collision, and other coverages for personal automobiles.
    • Homeowners Insurance – A policy specifically tailored to individual needs for single-family homes that includes the structure, belongings and liability coverage. It may also provide additional living expenses if policyholders are forced to vacate their homes due to a covered loss or peril.
    • Renters Insurance – Renters insurance provides coverage for personal property and liability protection. It also covers temporary living expenses should your property become uninhabitable due to a covered loss or peril.
    • Condo Insurance – Specifically designed for condo owners, these policies provide coverage for personal property, liability protection, guest medical protection, and condo unit additions and alterations. It also covers temporary living expenses should your property become uninhabitable due to a covered loss or peril.
    • Umbrella Insurance – Additional liability protection for personal auto and/or homeowners in the event losses exceed the underlying policy's liability limits.
    • Dwelling Fire Insurance – A policy specifically designed for landlords to protect rental properties – providing coverage for the structure, contents and general liability. Should the property become uninhabitable due to a covered loss or peril, fair rental value will be provided for lost rents until the property is livable again.
    • Business Auto Insurance – Provides protection for individuals, sole proprietorships, partnerships and corporations with vehicles that are used for business purposes.
    • Business Insurance – Three different policies – Business Owners Policies (BOPs), Commercial Property, and Commercial Liability – that protect various aspects of a business. The most common policy coverages include liability, medical, building coverage, business personal property and business income.
    • Mechanical Protection – Commonly referred to as extended warranty coverage, Mercury's mechanical protection pays for covered vehicle repairs after the vehicle manufacturer's warranty expires. Certain benefits are also available during the vehicle manufacturer's warranty period.
    • Ride-Hailing Insurance – An endorsement to Mercury's personal auto policy that covers the gaps between auto insurance and the Transportation Network Company's commercial insurance coverage when the driver working for a TNC turns on the ride-hailing app.
    • Service Line Protection – An endorsement to a homeowners policy that covers damage to exterior underground service lines, which includes water piping, sewer lines, power lines and more.
    • Home Systems Protection – An endorsement to a homeowners policy that covers HVAC systems, appliances, electronics and more.
    • Identity Management Protection – An endorsement to a homeowners, condo or renters policy that help protect a person's identity from fraudsters.

Leave a Reply

Your email address will not be published.