Dear Valued Insurance Customer,
- We hope that this message finds you and your family safe and healthy.
- We have been required by New York State to send this letter to you.
Are you having financial hardship as a result of the COVID-19 pandemic and are unable to pay premiums that are due? Your insurance company can assist you by suspending cancellation for nonpayment and allowing you to pay the premium over a 12-month period. If your premiums are financed, you will be given 60 days (90days for life insurance) to make your payment before cancellation of the policy is requested by the finance company. You may also be eligible to apply your missed installment payment over a period of 12-months.
This also applied if you are a small business- any business that is resident in this state, is independently owned and operated, and employs 100 or fewer individuals.
In order to take advantage of these extensions, the insurer or finance company will need from you a written statement that you are having financial hardship as a result of the COVID-19 pandemic. A recent Executive order Issued by Gov. Andrew M Cuomo set forth the details that insurers must abide by in implementing the premium relief that has been mandated for policyholders financially impacted by COVID-19 pandemic.
If you have any questions about this or anything else on your policy, please don’t hesitate to contact us. We are proud to continue helping you protect what matters most. Stay safe.
Your Friends at Jankowski Agency, Inc
Insurance Since 1949