Mercury Insurance announced three new coverages and four new discounts that are available for homeowners or renters in New Jersey. Mercury's new coverages provide additional insurance protections with an option for environmentally friendly replacement products. Discounts are available for homeowners already taking eco-friendly measures and will put hard-earned money back in the pockets of policyholders.

New coverages include: Green Home: Mercury will cover up to an additional 10% of the replacement costs for environmentally friendly alternatives or construction methods with a covered loss. For example, if a homeowner with this additional coverage has damaged carpeting and selects an eco-friendly replacement, Mercury would issue funds up to 10% more than the costs to replace the carpeting so the homeowner can go with the green flooring option. The protection also extends to personal property such as HVAC systems or appliances when replaced with an eco-friendly product.

Matching of Undamaged Siding and Roofing: Many times, roofing or siding repair is limited to a damaged area of the home, and with time the older existing and non-damaged material will fade ? or the roofing or siding is no longer available. In the past, homeowners could end up with roofing or siding that does not match.

Today, Mercury is providing two additional coverages ? siding or roofing ? that allow the undamaged portions to be replaced as well when there is a mismatch.

Refrigerated Products: During the pandemic, many homeowners spent hundreds of dollars stocking their refrigerators from top to bottom. Mercury's new protection covers up to $1,000 of food items if there's a loss of power or a mechanical failure of a refrigerator resulting in spoiled food.