Group Home and Auto Insurance

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Everyone knows the importance of protecting or insuring their automobile, house, condo or in case of renting a place, insuring their personal belongings.

Group Home and Auto Insurance

Most opt for individual auto & property insurance policies. But did you know that there’s more than one way to save on your personal auto & property insurance premiums? Being insured under a Group Auto & Home plan can save a substantial premium plus get extra coverages and higher limits of coverage at no extra cost.

What is group insurance?

Have you ever heard the phrase, “There’s strength in numbers”? That saying is particularly true when it comes to groups of people working for the same corporation, members of professional association, trade union, credit union, school alumni association or non-profit organization. Large numbers result in buying power that makes insurance companies sit up, take notice, and most importantly, offer discounts. A lot of workplaces and associations partner with insurance companies, giving them access to their members in return for discounted pricing for everyone who signs up. It’s really a win-win for all involved; the insurance company can offer its services (car, home, condo, tenants, recreation vehicle, seasonal and pet insurance, for example) to an exclusive audience it might not have had access to otherwise and, since the likelihood of multiple members of the group purchasing policies is high, the ones who sign up get exclusive access to savings.

Watch this one & half minute video https://www.economicalgroup.com/ to learn more on how a Group Auto & Home plan works.

Group Auto & Home insurance programs can provide premium discounts anywhere between 10% to 20% !

Who can get group insurance?

Group car and home insurance is typically available to members of organizations or companies that fall under these categories:

  • Employees working for the same employer
  • Members of a skilled labour union
  • Professional, occupational, or alumni associations
  • Non-profit organizations

Car insurance that goes beyond your day-to-day drive

When group members hit the road, they want to know they’ve got the right insurance to handle any unexpected turns. With the group advantage, members get premium protection at exclusive, discounted rates for a wide range of vehicles, including:

  • Personal cars, trucks, vans, or SUVs
  • ATV, motorcycles, snow vehicles
  • Campers
  • Trailers
  • Motorhomes

Additional savings on car insurance

Group members may be eligible for savings over and above the group discount if they:

  • Use an anti-theft device
  • Are a conviction-free driver
  • Are a mature driver
  • More than one car insured
  • Car and property policy insuring a home, a condo or in case of a renter, insuring the personal belonging under a tenants package policy

Home Insurance That Protects What Matters Most

With group insurance, group members get premium protection at exclusive, discounted rates for a wide range of properties, including:

  • Houses
  • Condos
  • A renter insuring the personal belongings under a tenants package policy
  • Landlords insuring the income properties
  • Cottages, seasonal residence, secondary residence or vacation trailers
  • Watercraft

Save even more on home insurance

Group members may be eligible for savings over and above the group discount if they:

  • Use a security system or monitored fire alarms at home
  • Are mortgage-free
  • Use sewer backup prevention devices, like a sump pump alarm with an automatic shut-off feature
  • Are claims-free
  • Have multiple types of coverage through Economical (e.g., more than one home insured or both car and home are insured)

Easy Payment Options

Group members have the flexibility to pay how and when they want. They can choose automatic monthly withdrawals, or pay in convenient instalments. Payments can be made by credit card, cheque, money order, or through banks or credit unions.

Claims Service

Group members can count on outstanding 24/7 claims service.

How do I set up a Group Auto & Home plan for my organization?

As an individual or in charge of human resources or membership in your organization, if you want access to savings on auto or home insurance through your organization, call us at 1 800 332 1308, email fill out the contact form and your group’s broker to get started today!

Group Home and Auto
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FREQUENTLY ASKED QUESTIONS

This seems too good to be true. Is there something I’m missing?

You’re not missing a thing. The group car and home insurance program costs nothing to implement and provides the members or employees with discounted rates. We’ll absorb the marketing costs and handle all the administration.

WE ALREADY HAVE A GROUP BENEFITS PROVIDER. WHY DO WE NEED THIS PROGRAM?

Our group car and home insurance program isn’t a benefits plan for health insurance — it’s a voluntary program that offers group members discounted car and home insurance. It can be positioned as an added bonus at no cost to the organization.

AS AN ADMINISTRATOR OF GROUP, HOW MUCH TIME WILL I HAVE TO COMMIT TO THIS PROGRAM?

Our program runs successfully with very little demand on your time. We handle marketing and promotion.

DO WE NEED A MINIMUM NUMBER OF EMPLOYEES OR MEMBERS TO PARTICIPATE IN THE PROGRAM?

Yes. In order to qualify for a group car and home insurance program, you need at least 100 members or employees. There’s no requirement that all 100 members or employees have to participate in the program. Participation is completely voluntary.

Coverage is subject to policy wording, terms, conditions, and deductibles. Protection is limited to the perils, coverage, exclusions, and limits shown on the policy.