Thank you for putting your trust in Mercury Insurance

[Pages:1]Thank you for putting your trust in Mercury Insurance

Mercury is always here for you in your time of need, whether it's helping you understand your policy, instructing you how to file a claim or explaining the dynamic changes in the insurance marketplace that affect rates. Transparency with our policyholders is a reason why nine out of 10 renew their policy with Mercury.

What's trending in your neighborhood?

If a disaster strikes, Mercury wants to make sure you have the coverage you need to replace or rebuild your home. Across California, homeowners insurance prices are increasing due to several industry-wide factors. While each homeowner has some control over their coverage and rate, there are other factors we can't individually control:

Wildfires

Thirteen of the 20 most destructive California wildfires have occurred over the past five years.1 It comes as no surprise that California has the highest risk for fire loss in the country.2

Water

The cost of water losses has increased over the past several years ? up 8% in 20183 and up 10% in 20194 ? and California has the highest non-weather water loss costs in the country.5

Labor and Materials

The pandemic has disrupted multiple supply chains while also increasing demand due to home renovation projects. National residential material and construction labor costs have increased 16% during the past year.6

Home Age

As homes age, their materials and systems become more likely to experience a loss. As a result, the cost of insurance often increases as a home ages.

Your Mercury Agent is Ready to Assist

We have ways for you to save money on homeowners insurance. Your Mercury agent can help!

Auto + Home

You could save money with a Mercury Insurance multi-policy discount ? up to 18% on your home insurance and up to 15% on your auto insurance if you bundle the policies with Mercury.

Wildfire Mitigation

If your home is at risk of a wildfire loss, you may be eligible for a discount if you meet a combination of defensible space and wildfire home hardening requirements.7

Water Leak Detection

Save up to 8% when you install a water leak detection device with an automatic shut-off valve ? like Flo by Moen.7

1 CalFire 2 LexisNexis? Home Trends Report - 2020 3 LexisNexis? Home Trends Report - 2019 4 LexisNexis? Home Trends Report - 2020

5 LexisNexis? Home Trends Report - 2021 6 CoreLogic U.S. National Building Cost Trends 2nd Quarter 2022 7 S ingle family homes only (HO3 policyholders)

? 2022 Mercury Insurance

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