Homeowners can now pay for losses with a credit card-type innovation introduced by The Hartford. Owners can now opt to receive their claim settlements in the form of The Hartford Insurance Claim Card, a stored value Visa card, instead of a check. Programmed with a designated dollar amount, the claim card is similar to a pre-funded debit card. The Hartford Insurance Claim Card may be used at the more than 19 million location worldwide that accept Visa, including retailers, ATMs, bank and the Internet to speedily get money to customers in need.
The Hartford is piloting its program in 25 states and expects to make it available countrywide later this year. Initially, the claim card will be offered to policyholders of the company’s homeowners coverage, with expansion to automobile and other personal insurance customers planned for the near future.
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