Headquarters: 100 Erie Insurance Place, Erie, PA 16530
http://www.erieinsurance.com/
2009 Revenue: $4.26 billion (a 41% increase from 2008)
Key Officers: Terrence W. Cavanaugh, President and CEO; Marcia A. Dall, EVP and CFO; Karen Kraus Phillips, VP and Manager, Corporate Communications and Investor Relations
Formed in 1925 as a Pennsylvania auto insurer, Erie Insurance Group now offers personal auto, property, commercial coverage, and life insurance through its subsidiaries Erie Family Life Insurance and publicly traded Erie Indemnity (NASDAQ:ERIE).
When it comes to homeowners insurance from Erie, customers can find unique options and discounts, including the age of the insured, new home, and multi-policy savings. The company’s plans include paying for damage caused by common risks, as well as the loss or damage of the contents of the house (however, if the amount isn’t enough to cover the valuable items, an additional policy called a floater may be necessary).
Erie also will reimburse the policyholder for the expenses accrued while their home was being repaired, as well as for any extra income in the case that the policyholder rented out a portion of their living space to a tenant.
It is also important that renters protect themselves against unforeseen damages by utilizing renters insurance. If the building you rent out of is subject to a fire, the landlord is responsible for the structure—not the contents of your living space.
Erie Insurance Group is the 16th largest automobile insurer and the 21st largest property/casualty insurance group in the United States with over 4 million policies in force.
The company ranks #484 on the 2010 Fortune 500 list and covers 11 states and the District of Columbia.
Sources: erieinsurance.com, Money.Cnn.com
Compiled by Life Quotes, Inc. staff





