Mercury Insurance Company is a multi-line insurance company offering commercial auto, residential renters, homeowners, and business insurance in North America. Founded in 1961, Mercury is headquartered in Los Angeles and manages more than $3 billion in assets, employs over 4,000 people and has over 8,000 independent brokers in 12 states.
Mercury Insurance Company offers the following: Comprehensive Insurance, Term Life Insurance, Variable Life Insurance, Medical and Life Insurance, Automobile Insurance, Travel Insurance, Home and Business Insurance, and Travel Insurance. Its headquarters are located in Burbank, California.
Mercury’s policyholders are provided the choice of obtaining comprehensive insurance, which covers the insured and the covered vehicle, or term insurance, which covers the insured for the specified term. The insured may choose to take out a life policy, which provides for the insured family if one of the policyholders should die during the insured policy term.
Mercury is affiliated with other major insurance companies such as Allstate, GEICO, and State Farm. Mercury also has an extensive network of independent brokers. They can provide all types of coverage for the insured and their property, including personal liability, property damage, property destruction, and casualty, as well as catastrophic and collision insurance. They also offer several plans to meet every individual policyholder’s needs.
Term insurance is designed for a limited term, usually between one to twenty years. The insured can receive a wide variety of benefits, including financial compensation to pay for medical expenses and lost wages, property depreciation, and death and dismemberment coverage.
The policyholder is typically insured for a fixed amount for the lifetime of the policy and a specified amount for the life of the policy. The insured can make the policy renewable for the remainder of the time that the policy is in force or purchase additional life coverage to cover additional financial risk that arises during the life of the policy. There is no pre-existing condition requirement for life coverage, so the insured does not have to disclose the fact that he or she has a pre-existing condition or has ever had a disease or suffered from an injury.
If the insured decides to purchase more life coverage, there is an option of purchasing “rollover” coverage. This allows the insured to continue to receive payments on the existing policy if his or her income or expenses change after the end of the current term. However, life coverage must be renewed at the end of the existing term or when the insured remunerates all premiums.
Life coverage is not considered by law to be a contract. For more information, contact Mercury Insurance Company at 800-724-MERCERECOUNT or visit us on the internet.