Auto Insurers' Refund Responses During the First COVID-19 Wave
As several auto insurers face lawsuits over 'inadequate' pandemic refunds, here is how various relief programs compare to one another.
When the COVID-19 pandemic first hit the U.S. economy in the spring, auto insurance companies raced to bring relief to policyholders. They issued refunds, discounted premiums and allowed people to miss payments without lapsing their policies. It’s worth considering if auto insurance companies are going to take similar actions now that fear of another coronavirus wave is again shaking the U.S. economy. Also, as some insurers face backlash for ‘inadequate’ coronavirus-related auto policy refunds, will they change their relief strategies?
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