Carrier Credits and Payment Options
There is some good news to share during these unprecedented times!
Due to the current social distancing guidelines and "Go Home, Stay Home" orders, we are all much more home bound than usual. This means there are less cars on the roads. Fewer cars on the road means fewer claims. So what does this mean to you? Insurance carriers are crediting back a portion of your car insurance premium!
Carrier Credits
The carrier credit offerings are slightly different depending on the carrier. But the consensus is – you will receive a portion of your premiums back for April and May. The credit (depending on the carrier) is typically coming back in whatever form your current billing is set up on.
Payment Options
In addition to account credits, many carriers are making temporary changes to allow for billing relief to those who have been financially impacted by the COVID-19 pandemic. Insurance providers are implementing a variety of options, including waiving late fees, pausing collections, offering delayed payment deadlines and holding off on cancellations and non-renewal of coverage due to non-payment.
How much is my credit? What billing leniency options are available to me?
Check with your insurance carrier to learn the specifics. Simply click the appropriate link below for details regarding coronavirus crisis assistance programs.
Billing leniency options vary by carrier and are not automatic. Contact your insurance company or Advisors Insurance Agency to see what options are available to you.
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