Northbrook, Ill.-based Allstate Insurance Company announced today that as of last Thursday they have implemented up to a 30-day deferred payment period for customers located in counties directly affected by the wildfires in southern California.
The company said this means customers who qualify for deferred payment and are unable to make their premium payments will not be penalized with a loss of coverage during the deferment period.
If a qualifying customer continues to make payments, even if it's not the minimum due, their payments will be credited toward the outstanding premium amount, Allstate explained
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
