We spend a lot of time dunking on insurance companies for boneheaded, sometimes egregious behavior.
So it's nice to also point out examples of good corporate behavior, as well. Like the folks at Companion Life:
[click to embiggen]
And they're not the only carrier behaving well. Our friends at OneAmerica Life have announced their CV-19 lapsed policy stance:
"If a life insurance policy lapsed AFTER the policyowner’s resident state issued a moratorium on lapses, then:
1. OneAmerica is automatically extending coverage on these impacted life insurance policies until June 1, 2020.
2. No action is required by you or the policyowner. It is automatic."
Nicely done!
But wait - There's more!
"Allstate and American Family Insurance have begun discounting car insurance premiums since many drivers aren’t using their cars as much due to stay-at-home policies aimed at slowing the spread of the coronavirus."
It's important to note that this is entirely voluntary on the carriers' part, with Allstate estimating their contribution at $600 million, and AmFam's at about a third of that.
But wait - There's more!
"Allstate and American Family Insurance have begun discounting car insurance premiums since many drivers aren’t using their cars as much due to stay-at-home policies aimed at slowing the spread of the coronavirus."
It's important to note that this is entirely voluntary on the carriers' part, with Allstate estimating their contribution at $600 million, and AmFam's at about a third of that.
And please let us know about how other carriers are stepping up - Thanks!
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