Compensation Disclosure and Quoting Disclosures Notice For Effective Coverage: Updated September 2014
Quoting Disclosures
PLEASE READ THESE QUOTING DISCLOSURES BEFORE USING THIS SITE.
About Online Insurance Quotes
Online insurance quotes are NOT applications for insurance. Online quotes are estimates only, based on information you provide, and are subject to change based on verification of information, including identification of the property or risk to be insured, claim and credit history, and/or information contained on other consumer reports. Receipt of an online insurance quote does not guarantee that your application will be accepted should you apply for insurance. Likewise, our inability to provide you with an online insurance quote does not always mean that your application for insurance will be rejected, if you elect to submit an application.
The questions asked in these online insurance quote requests may vary from the questions asked on an application in a particular state. Online insurance quotes are based on the information you provide, please be as accurate as possible. It is possible based upon this information, that you may not get an online insurance quote.
Credit-Based Insurance Score and Consumer Reports
As part of the underwriting process in most states, Effective Coverage orders an insurance score based upon your credit history that may be used to underwrite and price your policy. Consumer reports that contain information about your driving* and claim history are also obtained. You have the right to be told the name and address of the reporting agencies that provide these reports and to see and correct your personal information. If we (Effective Coverage) receive corrected personal information from a consumer reporting agency, we (Effective Coverage) will re-evaluate you. We (Effective Coverage) may disclose this information to properly service your policy or to conduct our business. Our (Effective Coverage) privacy policy will be included available upon request. *For automobile insurance.
Underwriting Companies
Insurance is underwritten by The Travelers Indemnity Company or one of its property casualty affiliates, One Tower Square, Hartford, CT. 06183.
Selective Insurance Group, Inc. or one of its property casualty affiliates, 40 Wantage Avenue, Branchville, New Jersey 07890
Bankers Financial Corporation or one of its property casualty affiliates, 11101 Roosevelt Blvd N, St. Petersburg, FL 33716
Florida
First Floridian Auto and Home Insurance Company, a single-state subsidiary of The Travelers Indemnity Company, underwrites Homeowners and other property policies in Florida. Automobile insurance policies in Florida may be underwritten by First Floridian, The Travelers Home and Marine Insurance Company or Travelers Commercial Insurance Company. Insurance products provided by First Floridian are not underwritten or guaranteed by The Travelers Indemnity Company. The Travelers Home and Marine Insurance Company, Travelers Commercial Insurance Company or any other Travelers company.
Bankers Insurance Company, First Community Insurance Company, Bankers Specialty Insurance Company or any other Bankers company.
Massachusetts
The Travelers Indemnity Company, The Phoenix Insurance Company and The Standard Fire Insurance Company underwrite homeowners insurance in Massachusetts. The Premier Insurance Company of Massachusetts, a single-state subsidiary of The Travelers Indemnity Company, underwrites automobile insurance in Massachusetts. Insurance products provided by Premier are not underwritten or guaranteed by The Travelers Indemnity Company, The Phoenix Insurance Company, The Standard Fire Insurance Company, or any other Travelers company.
New Jersey
First Trenton Indemnity Company, a single-state subsidiary of The Travelers Indemnity Company, and its subsidiary, Travelers Auto Insurance Co. of New Jersey, underwrite both homeowners and automobile insurance in New Jersey. Insurance products provided by Fist Trenton and Travelers Auto Insurance Co. of New Jersey are not underwritten or guaranteed by The Travelers Indemnity Company, or any other Travelers company.
Texas
Travelers Lloyds of Texas and The Travelers Home and Marine Insurance Company underwrite homeowners insurance in Texas. Automobile insurance in Texas is offered through Travelers MGA, Inc. and underwritten by Consumers County Mutual Insurance Company (CCM). CCM is not a Travelers Company.
Compensation Disclosure
Effective Coverage does business with multiple insurance companies and normally can offer you a variety of coverage choices. As a result, we can assist you in securing the combination of coverage, price, and service that best fit your needs. This disclosure notice is intended to identify the various methods by which we are compensated and how these compensation methods are determined.
Fees
Some agencies bill service fees in addition to commission income. Effective Coverage does not charge you any fees for placing your policy, except, when quoted, a fee for the filing of surplus lines taxes, if required.
Commission
We are compensated on a commission basis by the insurance company that writes your insurance. This commission percentage is set by the company, not by us, and is included as a part of the insurance premium you pay.
Contingents and Supplemental
Effective Coverage may also be eligible to receive various forms of incentive compensation, including contingent commissions and other awards and bonuses. This incentive compensation is based upon a variety of factors that may include the volume, growth, profitability, and retention of business we place or other performance measures established by the individual insurers with whom we do business. It is usually impossible to know at the time we place any individual policy whether that policy will contribute to, or detract from, our potential eligibility for future additional compensation from any insurer.
We assure every client and every prospective client that our decisions with respect to placement of your insurance have always been and will continue to be guided by the best interests of our clients.
If you have any questions or if you would like additional information about any aspect of the compensation we earn on your account, please contact your client service representative or:
Info@EffectiveCoverage.com
800-892-4308