Safety Insurance has announced a premium reduction plan and several other steps to meet policyholder and community needs during the ongoing COVID-19 pandemic.
The Safety Personal Auto Relief Credit offers eligible Safety Insurance personal auto policyholders that have a policy in effect as of April 1st a 15% credit off their premium for the months of April and May.
Credits will be applied automatically and any policyholder that has already paid in full will receive a refund. This credit is pending regulatory approval.
“We recognize that this unique circumstance has both created economic hardship for our policyholders and dramatically shifted typical driving patterns,” said George Murphy, president and CEO of Safety Insurance, in a company press release. “We have an opportunity to support our policyholders and provide direct relief.”
In addition to this credit, Safety has taken several other steps, including:
- Providing auto coverage for customers who are now using their personal vehicles to make food deliveries as a result of changes to their business operations.
- Placing a hold on all non-payment policy cancellations until further notice.
- Waiving all late and NSF fees.
- Providing funding through its Charitable Foundation to help support the communities in which it does business. It is providing financial support to the following local charities: Massachusetts COVID -19 Relief Fund; Boston Resiliency Fund; Project Bread and Healthcare Heroes to benefit the Massachusetts General Emergency Response Fund.
“Our entire team is focused on making decisions that support our policyholders, agents and employees during these difficult times,” Murphy continued in the release. “We continue to monitor the changing dynamics and will do everything possible to support our community.”
Safety Insurance Group Inc., based in Boston, Mass., is the parent of Safety Insurance Company, Safety Indemnity Insurance Company, and Safety Property and Casualty Insurance Company. Operating exclusively in Massachusetts, New Hampshire and Maine, Safety is a writer of property and casualty insurance products, including private passenger automobile, commercial automobile, homeowners, dwelling fire, umbrella and business owner policies.
Source: Safety Insurance Group Inc.
Topics Auto Pricing Trends Massachusetts COVID-19
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