A large insurer says it will be giving customers affected by the flooding in Illinois, Missouri and Wisconsin more time to pay their premiums.
Policy cancellations due to non-payment will be suspended starting in mid-June, and the grace period will extend to Aug. 18, according to Hartford Financial Services Group Inc., Hartford.
The grace period will apply to holders of individual life and group benefits products as well as to owners of homeowners, automobile and commercial insurance policies, the company says.
“This payment relief is intended to provide Hartford policyholders with extra time to organize their affairs following the catastrophic flooding that has affected so many lives,” says Robert Wilkey, the Hartford assistant vice president for catastrophe claims management. “We hope this temporary suspension will provide our policyholders with some relief.”