Cincinnati Insurance Companies Offering 15% Discount to Personal Auto Policyholders

April 13, 2020

Two property/casualty insurance subsidiaries of Cincinnati Financial Corp., The Cincinnati Insurance Co. and The Cincinnati Casualty Co., are offering a 15% personal lines auto credit for current policyholders.

Personal lines auto policyholders of Cincinnati Insurance and Cincinnati Casualty will receive a 15% credit per policy on their April and May premiums – pending regulatory approval. No action is required by policyholders to receive this discount.

The discounts are in recognition of the reduced driving times brought on by the COVID-19 pandemic. The companies join many other insurers across the country in offering discounts and other accommodations in in response to the current health crisis.

The companies’ other COVID-19 action plans include:

For Policyholders:
  • Pausing cancellations for personal lines and commercial lines policyholders due to nonpayment of premium and waiving late fees until at least April 30
  • Waiving restrictions on policyholders now performing delivery services in efforts to protect the wellbeing of their communities
  • Providing additional risk management advice to businesses considering manufacturing of personal protective equipment
  • Waiving vacancy clauses for buildings temporarily closed due to the pandemic
  • Providing credits on commercial policies for vehicles not being used when requested
  • Conducting virtual claims and risk management inspections where possible, and closely following CDC health guidelines when an in-person meeting is necessary
For Agents:
  • Delivering meals, purchased from local businesses, to agencies to help support their employees as they work to serve clients in their communities
  • Transforming training sessions to virtual sessions
  • Connecting agents for roundtable discussion on how to best serve clients during the COVID-19 outbreak
  • Using the Cincinnati Customer Care Center to temporarily assist agents as they transitioned their offices to work from home
For Associates:
  • Moving more than 95% of company associates to work from home
  • Supplying location-critical associates with sanitization products and offering take-home meals from our food service vendor, limiting the additional number of trips needed
  • Maintaining full pay for associates who couldn’t do their jobs from home or who were needed to care for family members
  • Purchasing face coverings for location-critical associates and those who need to meet with policyholders

Source: Cincinnati Financial Corp.

Related:

Topics Carriers Auto Personal Auto Policyholder

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