Elephant Insurance was founded in 2009, making it a newcomer in a field of insurance companies’ competitors that is often a century or more old.
Aside from its name, one of the most noticeable differences with Elephant Insurance is that the company conducts most of its business online. Rather than using traditional independent or exclusive agents and storefronts, it sells policies directly to consumers.
According to the company website, the name of this insurer(Elephant insurance) is meant to represent the characteristics that Elephant is known for. These include being big and strong, as well as kind and caring, all of which are valuable qualities for an insurance company.
While Elephant Insurance may not be a household name for most consumers, it is a subsidiary of Admiral Group, Plc, a British insurance conglomerate.
Understanding Elephant Insurance
Elephant, founded in 2009, is a subsidiary of Admiral Group, a large insurer based in the United Kingdom. Elephant Insurance is a small company with only eight states in which it writes policies: Georgia, Illinois, Indiana, Maryland, Ohio, Tennessee, Texas, and Virginia.
However, it sells other types of insurance from other companies, such as homeowners and renters, and offers a bundling discount in some states. Elephant sells policies directly to customers, both online and over the phone.
Why choose Elephant Insurance?
Here are the reasons you should consider elephant as your insurance provider:
- Elephant insurance provides three types of car insurance: third party, third party, fire and theft, and fully comprehensive.
- Customers can also add legal protection, breakdown cover, hire car cover, and key cover to their policy for an additional fee.
- Elephant also provides multi-car insurance and van insurance policies.
- Finally, Elephant’s car insurance policies are rated five-stars by Defaqto.
Elephant Insurance Products
This insurance company has the following products:
- car
- Home
Elephant Car Insurance Coverage
When shopping for car insurance, it’s critical to understand what coverage you want and what you’re required to purchase. To drive a car in most states, you must have car insurance.
Although minimum coverage requirements vary by state, they typically include liability insurance as well as uninsured or underinsured motorist coverage.
Full coverage insurance may be of interest if you require additional protection. Full coverage is not a policy type; it is a combination of coverage types such as liability, collision, and comprehensive insurance.
You can get a quote and buy insurance online, or call 877-321-2096 for a quote over the phone.
What does Elephant Car Insurance policy cover
Here are the elephant car insurance choices available for you:
- Collision
- Comprehensive
- Custom Equipment
- Income Loss
- Legal Assistance
- Liability coverage
- Loan/Lease Payoff
- Medical Payments
- Personal Injury Protection
- Pet injury coverage
- Uninsured/Underinsured Motorist
- Roadside assistance
- Legal resources plan
Collision
Collision coverage compensates you for vehicle damage if you collide with another vehicle or an object, regardless of who is at fault.
Comprehensive
If you have comprehensive insurance, you are protected if you suffer losses from incidents other than car accidents. For example, if your car is damaged by a hail storm, comprehensive coverage will cover the repairs.
Custom Equipment
Custom equipment coverage will pay for repairs or replacement of after-market parts for your vehicles, such as custom wheels or devices. Elephant includes $1,000 in custom equipment coverage when you purchase collision or comprehensive coverage.
Income Loss
If you are injured in an accident and lose your job as a result, income loss coverage will pay you up to $100 per week for up to 52 weeks.
Legal Assistance
Legal assistance is a one-of-a-kind Elephant benefit that provides you with discounted access to an attorney. It can be added to your policy for as little as $6 per month.
Liability coverage
Liability coverage, also known as “third-party coverage,” pays for injuries and property damage suffered by others if you are at fault. There are two types of injuries: bodily harm and property damage. Liability coverage not only pays for the other person’s medical expenses or car repairs but also provides you with legal protection if the other party decides to sue you.
Loan/Lease Payoff
Some drivers may benefit from gap coverage. Elephant offers loan/lease payoff insurance for vehicles that are financed or leased. Loan/lease payoff protection will pay the difference between the car’s cash value and what you owe on your loan or lease if your vehicle is totalled in an accident and your comprehensive or collision coverage has paid the actual cash value for your car.
Medical Payments
Medical payments coverage, also known as Medpay, pays for the cost of necessary medical care received by you and your passengers as a result of a car accident, regardless of who is at fault.
Personal Injury Protection
PIP encompasses everything that Medpay does, plus it reimburses you for lost wages and non-medical expenses up to the policy limits.
How to get Elephant car insurance at a lower price?
The first offer made by an insurer isn’t always the best it has to offer – especially if you’re renewing. So, before you hand over your money, look into what other insurers are offering for comparable coverage and see if your current insurer can beat it.
Consider what is optionally included in the quote. You may want the peace of mind that comes with an all-inclusive policy, but certain add-ons may not be right for you or may duplicate coverage you already have separately.
Where you buy your insurance can sometimes affect how much you pay, which is why we recommend checking prices on multiple comparison sites (where available) as well as trying them directly. You may also read Best Cheap Car Insurance for New Drivers in the UK to compare quotes.
Elephant car Insurance Discounts
Taking advantage of Elephant Insurance’s discounts may result in a reduction in your premiums. Discounts include the following:
- Multi-policy: When you combine your insurance policies with Elephant Insurance, you may be able to save money.
- Multi-car: If you insure more than one vehicle, you may be eligible for a discount.
- Good student: Students in high school and college may be able to save money on car insurance if they maintain good grades.
- Paperless: When you forego paperwork, you will receive three discounts. Discounts may be available for online quotes, paperless billing, and electronic signing.
- Safety discounts: Elephant’s car insurance may be reduced for vehicles equipped with safety features and drivers with a clean driving record.
- Referral: If you refer a friend to Elephant and they buy a policy, your insurance may be reduced.
- Pay in full: You may be able to save money if you pay your premium in full.
Elephant homeowners insurance
Elephant Insurance does not sell or underwrite home insurance policies directly. Homesite Group, on the other hand, provides homeowners with coverage.
Elephant’s homeowner’s policies include replacement cost coverage, which pays to repair or rebuild your home at current market value. In some cases, however, a policy may only pay the actual cash value for roof damage. Elephant provides the majority of standard home insurance coverages, but there aren’t many add-ons. Get a full understanding of home insurance by reading our article on Home Insurance With Free Gift: Free Insurance Vouchers Uk.
Standard policies include:
- Dwelling coverage
- Personal property coverage
- Loss of use coverage
- Liability coverage
- Medical payments coverage
- Dwelling coverage: Dwelling coverage assists in covering the costs of repairing or rebuilding your home in the event of a covered disaster, such as a fire, wind, hail, vandalism, theft, snow, sleet, or ice.
- Personal property coverage: This coverage is intended to pay for items such as clothing and furniture that have been damaged or destroyed as a result of a covered peril. Art, firearms, cameras, and jewelry are examples of valuable items that may not be fully covered by this coverage. You can insure these items in a variety of ways, including purchasing an endorsement or a buyer’s protection plan.
- Loss of use coverage: If you are forced to leave your home due to a covered disaster, loss of use coverage will pay for your hotel, meal, and other qualifying expenses. Keep in mind, however, that this coverage only covers the necessities, and excessive spending may result in your insurance company withholding a payout or even charging you with fraud. You should speak with your insurance agent to determine what is and is not covered.
Elephant homeowners insurance Discounts
The Elephant Insurance Company offers few home insurance discounts. When you bundle your coverage, this full-service insurer offers a multi-policy discount to customers who have more than one type of coverage.
Conclusion
The elephant insurance could be a good option for people who prefer to conduct business online. Elephant gives insurance customers a discount for using online quotes, paperless billing, and electronic signing.
This could be appealing to customers who would prefer to have only one renewal period per year in order to avoid rate increases.
Elephant allows you to submit a claim via email, mail, fax, online, or phone. However, the carrier does not provide phone claims or customer service 24 hours a day, seven days a week. To read further, visit Here.
FAQs about Elephant Insurance
Can i get online quote from Elephant Insurance?
Yes. Elephant even gives customers who choose to generate a quick online quote a discount.
Can I combine my homeowners and auto insurance policies with Elephant?
Yes. Elephant allows you to combine your home and auto policies, which may result in a discount on both. Furthermore, you may be able to pay both premiums through a single billing process.
How can I file a claim with Elephant?
You can check the status of your claim and file it online at Elephant’s website or by calling 844-937-5353. Glass claims can be submitted online or by phone at 800-413-8860.
