Electric Insurance's Massachusetts Personal Auto Rate Filing Approved by Division of Insurance.Massachusetts Massachusetts (măsəch  `sĭts), most populous of the New England states of the NE United States. drivers to experience up to a 30% premium decrease
BEVERLY Beverly, city (1990 pop. 38,195), Essex co., NE Mass., on Massachusetts Bay; inc. as a city 1894. Its chief manufactures are electronic and scientific equipment, consumer goods, and chemicals. , Mass. -- Electric Insurance Company, a Beverly, Massachusetts Beverly is a city in Essex County, Massachusetts, United States. The population was 39,862 at the 2000 census. A resort, residential and manufacturing community, Beverly includes Beverly Farms and Prides Crossing. based national provider of auto, homeowners, condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. , and renters insurance, is pleased to announce that the Massachusetts Division of Insurance has approved their Massachusetts auto rate filing. The Division of Insurance approved Electric Insurance's new rate structure, discounts and base rates for use beginning April 1, 2008. Under the rate filing, Massachusetts customers of Electric Insurance will experience an average rate decrease of 9%, while some could experience up to a 30% rate decrease, and none will experience a rate increase greater than 10%. "As a Massachusetts company writing insurance in this state for over 40 years, we're we're Contraction of we are. we're we are very committed to our valued customers in Massachusetts," said Marc Meiches, president and chief executive officer of Electric Insurance Company. "We're confident that our new lower rates, discounts, and product enhancements will not only be attractive to our existing customers, but to all safe and responsible drivers in Massachusetts." Discounts and Product Enhancements Electric Insurance Company will provide Massachusetts consumers the following new discounts and product enhancements, including: * Increased multi-car discount of 15% for insuring more than one car with Electric Insurance Company. * Multi-car discount to households with company cars, in addition to a personal auto. * Expanded low mileage MILEAGE. A compensation allowed by law to officers, for their trouble and expenses in travelling on public business. 2. The mileage allowed to members of congress, is eight dollars for every twenty miles of estimated distance, by the most usual roads, from his discount to vehicles driven up to 16,000 miles per year. * New 5% multi-policy discount for policyholders who also write their homeowners, renters, or condo insurance with Electric Insurance. * "Automatic Vehicle Replacement Coverage" available at no additional cost to policyholders in the event of a covered total loss or a covered theft loss, for any vehicle with an odometer odometer (ōdŏm`ĭtər), instrument provided in an automotive vehicle to indicate the total number of miles that have been traveled. reading at the time of loss of 7,500 original miles or less, and purchased within the past six months. * Continued offering of the GE exclusive discount for Massachusetts employees of General Electric. Electric Insurance got its start by working with General Electric. Electric Insurance Company was incorporated in 1966 to provide personal insurance solutions to GE employees. Today, the company counts among its insured The person who obtains or is otherwise covered by insurance on his or her health, life, or property. The insured in a policy is not limited to the insured named in the policy but applies to anyone who is insured under the policy. insured n. policyholders, nearly 50,000 GE employees and retirees, a significant population of which reside and work in Massachusetts. About Electric Insurance Company Electric Insurance Company, a national, premier provider of personal lines insurance products offered at competitive rates and with outstanding customer service, has credit ratings of "A/Excellent" from A.M. Best and "A/Strong" from Standard & Poor's. 98% of Electric Insurance Company's policyholders, who responded to a 2007 satisfaction survey and had a claim with the company, said they'd they'd 1. Contraction of they had. 2. Contraction of they would. they'd have ~would renew their policy with Electric Insurance Company based on their claim experience. Electric Insurance Company's products are available to general consumers, and to GE employees, retirees, and their family and friends through select, local independent agents and the company's Beverly, Massachusetts Customer Contact Center. |
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