Auto Insurance Providers Issue Refund Credits During Covid-19 Pandemic
Photo by Michael Longmire on Unsplash
Global grit has been tested during these strange and unusual times as the coronavirus crisis has interrupted our lives and taken the world by storm. In less than 3 months, Covid-19 has become the primary topic of conversation across the globe and has most literally ‘Gone Viral’. But as the pandemic peaks and people begin focusing on financial security, it is nice to know that relief is coming from more than just the federal government. Auto Insurance carriers through the U.S. have begun issuing policy premium refunds back to policyholders.
Due to the stay-home orders that have been issued by government agencies across America, the volume of traffic on the roadways has substantially decreased. This has been great news for auto insurers, as far fewer claim payments have been processed and the profit margin has drastically increased.
Often thought of as an inimical financial giant, auto insurance companies are now playing the unusual role of colloquial comrade by extending some financial relief to their clients. Dozens of carriers across the country have publicly committed percentage-based refunds to their policyholders to equitably share the benefits of reduced risk on the roadways.
An array premium credits have been issued by various auto insurers, ranging from 20% of monthly premium to flat dollar one-time payments. Carriers such as Auto-Owners, The Hartford, Liberty Mutual, Mercury, MetLife, Nationwide, Progressive, & Travelers; all of which are locally represented by Moore Resources Insurance Agency, have announced their intentions on supporting their clients through these difficult times.
Although these refunds are not dropping any jaws or single-handedly stimulating the economy, it is nice to know that our auto insurance carriers are keen to act in the best interest of their policyholders. We obviously would not suggest selecting a car insurance carrier based solely on its pandemic refund policy, however it is comforting to have a reputable carrier in you corner. The Covid-19 pandemic has stoked worry into the lives of many American’s and created a restlessness that only a return to normalcy could correct. But hopefully the consolation of a quality car insurance carrier on your side will alleviate some of that apprehension. Now you can grab your Snuggie and sleep tight… Moore Resources has you covered!
Moore Resources is an Independent Insurance Agency located in St. Petersburg, FL and offering Homeowners Insurance, Auto Insurance, Personal Insurance and Business Insurance. Our reach extends beyond the Tampa Bay area to the entire state of Florida. Moore Resources has regionally been dedicated to serving the local residents of Pinellas, Hillsborough, Polk, Pasco, Manatee and Sarasota counties; including St. Pete, Tampa, Clearwater, Bradenton, Brandon, Dunedin, Gulfport, Lakeland, Largo, Lutz, Palm Harbor, Pinellas Park, Riverview, Ruskin, Seffner, Seminole, Temple Terrace, Tierra Verde, Town n Country, and the Gulf Coast Beaches.
The purpose of this blog is to present general information only. It does not interpret specific policies or coverage. In order to obtain detailed information regarding your insurance, contact a licensed insurance agent.
