A plain-English glossary of Erie Insurance terms, written by an independent Erie Insurance agent in Murray, KY. If you’re shopping Erie auto, home, life, or business coverage through Boswell Insurance Agency (agency code KK2322), these are the terms that come up most often. Call (270) 925-1524 if you want any of them explained over the phone.
Erie Rate Lock
Erie’s signature auto insurance feature. Once your auto policy is bound, your premium does not increase at renewal unless three specific things change: you add a vehicle, you add a driver, or you move (change your garaging address). Claims, tickets, and ordinary aging of vehicles do not trigger an increase.
ERIE Exchange
The legal entity that actually underwrites Erie policies. A reciprocal insurance exchange owned by policyholders — Erie Insurance Group manages it but doesn’t own it.
Agency Code (Erie KK Code)
Five-character identifier for each Erie agency starting with KK. Boswell Insurance Agency is KK2322.
Broker of Record (BOR)
A signed authorization that transfers servicing of an existing Erie policy from one Erie agent to another. Coverages, limits, and premiums stay the same.
ERIE Auto Plus
Erie’s enhanced auto package adding accident forgiveness, transportation expenses, locksmith services, and personal property protection.
ERIEsecure Business
Erie’s Business Owners Policy (BOP) brand. Bundles commercial property and general liability. J.D. Power #1 ranking for U.S. Small Commercial Insurance Customer Satisfaction in 2025.
Erie Family Life
Erie’s life insurance subsidiary. Term, whole, universal, and final expense policies sold through the same independent agent network.
Erie Umbrella
Personal umbrella liability coverage above Erie auto and homeowners policies. $1M, $2M, and $3M limits available.
Multi-Policy Discount (MPD)
The discount applied when bundling multiple Erie policies. Auto + home typically saves 12-20% versus separate carriers.
Endorsement
Any change to an existing Erie policy mid-term — adding a vehicle, removing a driver, changing your address, raising or lowering limits.
Declarations Page (Dec Page)
The summary page of any insurance policy showing coverages, limits, deductibles, and premium. We need yours to quote Erie apples-to-apples against your current carrier.
Looking for Erie Insurance in Murray, KY?
Boswell Insurance Agency — 1051 N 16th Street, Suite D, Murray, KY 42071 — (270) 925-1524. Erie Insurance landing page. 136 five-star Google reviews.
