Arbella Introduces Carpartment Insurance
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http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130306:nBw065943a Sign up for auto, get renter`s insurance for as little as $3/week QUINCY, Mass.--(Business Wire)-- The Arbella Insurance Group today announced the launch of Carpartment insurance. Designed to help make renter`s insurance policies simpler and more affordable, Carpartment offers significant discounts to tenants who insure their cars with Arbella. "We`re very excited about making Carpartment available to our policyholders," said Jim Hyatt, Arbella`s vice president of Personal Lines. "Renter`s insurance is carried by only 31 percent of tenants nationwide, and many of the uninsured have no idea that their possessions aren`t covered. Tenants, especially first-time renters, need to realize that going without renter`s insurance is a big risk, as rental units are burglarized 50% more often than owner-occupied properties. By offering renter`s insurance that`s both inexpensive and easy to purchase, we`re helping our policyholders minimize that risk." With Carpartment, Arbella is offering policyholders the opportunity to add renter`s insurance to their car insurance for as little as $3 a week, ensuring that their property is covered in case of loss or damage by fire, burst pipes, burglary, and more. As a further incentive, Arbella is offering a 10% auto insurance discount for existing policyholders who also purchase renter`s insurance through the Carpartment program. "At Arbella, we`re dedicated to providing our customers and communities with easy ways to protect what`s most important to them," Hyatt added. "With Carpartment, we`re offering renters a simple way to protect their possessions, both on the road and at home." Carpartment insurance is now available to Arbella private passenger vehicle customers in Massachusetts. Press release does not provide a complete description of all coverages, exclusions and conditions in the policy. Policy terms may be changed from time to time. Issuance of coverage is subject to underwriting. Carpartment insurance is a marketing term used to describe the joint purchases of Arbella`s rental and auto policies. About the Arbella Insurance Group Established in 1988, the Arbella Insurance Group (www.arbella.com) is a company with over $600M in revenue with approximately $1B in assets, headquartered in Quincy, Massachusetts. Arbella is a customer-focused regional property and casualty insurance company, providing personal and business insurance in Massachusetts and Connecticut, and business insurance in Rhode Island and New Hampshire. Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20130306005943/en/ Greenough Christine Williamson, 617-275-6528 or 617-922-1289 (mobile) email@example.com Copyright Business Wire 2013
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