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04-14-2020 08:17 AM
Thank you for posting this. I just looked at my auto insurance's website--Hanover--and it looks like I don't need to do anything for this to happen. Is that correct? I haven't received an email or letter from them about this.
04-14-2020 08:42 AM
@NickNack I haven't received anything either. My ins co (AAA) website confirmed that I don't have to do anything either.
I pay annually in person by debit card (cash). Cash payers will get a check no later than 5/31.
The refund program will continue to be evaluated based on the length of shelter-in-place orders. N.J. "shelter-in-place" is indefinite. I hope that means I will get another check during the summer!!!!
"Never argue with a fool. Onlookers may not be able to tell the difference."
04-14-2020 08:56 AM
I'll be more than happy for Jake (from State Farm) to send me a credit.
I looked on the website, don't hold your breath.
June may be the earliest you can expect a credit, not a check.
I'm good with that.
04-14-2020 08:59 AM
I was coming to post about State Farm and how you need to be a wizard to figure out what they are doing about the refund.
They start out by saying it's State Farm Mutual - every insurance company has multiple divisions so our policy and insurance card show State Farm Indemnity - are we getting a dividend as they are calling it?
Then they say it will be applied to the April and May premiums. Well, we pay our bill in full when it comes due. Are we going to get a credit?
I can't figure it out.
04-14-2020 09:11 AM
@CelticCrafter You are covered for those 2 months because you pay in full!
"Never argue with a fool. Onlookers may not be able to tell the difference."
04-14-2020 09:12 AM
@Kachina624 wrote:This rebate is, IMO, too insignificant to warrant any mention. Certainly nothing to get excited about.
It is great that you are affluent and don't need money, however many people are really struggling and any amount of money will be very much appreciated.
04-14-2020 09:13 AM
I don't own a car as i never wanted to learn as i can't judge distance,etc but Ii wish insurance companies would also cut household insurance polices somewhat and give us seniors a break!
04-14-2020 09:22 AM - edited 04-14-2020 09:23 AM
Insurance companies are discounting auto insurance, not homeowner's or renter's insurance, because people are staying home and not driving, and therefore not getting in so many auto accidents.
There is no logical or risk-management reason to discount insurance on homes, commercial buildings or personal property.
Tornados, hurricanes, fires and other destructive natural events will happen, regardless of a virus pandemic.
04-14-2020 09:25 AM
Thanks,
i understand..it was just wishful thinking on my part by saying it aloud.
04-14-2020 09:28 AM
We received an mail from Geico, our policy renews in august and I will gladly take the 15%, it is better than nothing
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