The Premium Remains Constant No Matter How Many Vehicles Are Insured
Under an individual policy, failing to notify the carrier as to the purchase of a new car, home, or watercraft will result in a gap in coverage for that particular exposure. Under the Group policy, coverage is automatic for up to four homes, and an unlimited number of vehicles.
Coverage Cannot be Canceled Due to Claim History
Under the Group policy, individual claims do not affect the rate of the Group, or adversely affect the eligibility of the individual.
Automatic Coverage: No Additional Premium Charge for Newly Hired or Promoted Individuals to the Defined Group
Under the Group policy, new employees are automatically covered from the date of hire or promotion. There is no waiting period, and there is never a chance that there will be any “gap” in coverage due to an administrative failure to add an individual to the policy.