Buffalo, N.Y.-based Merchants Insurance Group launched its newest insurance product in Ohio, Merchants Flexible Choice Auto, effective July 1, 2009, for new business and Sept. 1 renewals, the company announced.
Merchants Flexible Choice Auto is a completely redesigned private passenger automobile insurance product that features significant rate reductions along with new underwriting eligibility criteria, rating variables and coverages.
The new product includes 16 rating tiers, new geographic territories, a new class plan and new rating factors such as ratio of drivers to vehicles, vehicle age and body type.
Also included are many new discounts such as a paid in full discount, a discount for insureds who enroll in the company’s electronic funds transfer (EFT) payment program, and discounts for those using a company car or having a new automobile.
Policyholders with young drivers in their household may be eligible for the good student and minor child discounts. These new discounts are in addition to the safety discounts the company already offers.
As another new feature of Merchants Flexible Choice Auto, insureds will receive free roadside assistance for all vehicles that have both comprehensive and collision coverage.
For additional coverage, Merchants offers their revised Package of Protection, or “POP” Endorsement, as well as the new Extra Advantage Endorsement and the Extra Advantage Plus Package Endorsement for the most comprehensive coverages.
Source: Merchants Insurance Group, www.merchantsgroup.com
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