North Carolina Farm Bureau Insurance will provide a 20% dividend payment to its automobile policyholders for April and May 2020 in light of the COVID-19 pandemic.
The company announced the “Here for You Promise” 20% dividend was approved by its board of directors to provide approximately $22 million in savings for policyholders.
“Helping our customers during these difficult times is our top priority and that’s why we announced the Here for You Promise,” NC Farm Bureau President Shawn Harding said. “We want our customers to know that we are here for them, we are listening, and we are committed to helping any way we can.”
The dividends will cover two months of voluntary premiums in April and May, on both personal automobile and business automobile policies. Dividend checks will be mailed in mid-June directly to policyholders. No policyholder action is required.
The company said the dividends reflect the savings due to Farm Bureau insureds as a result of stay-at-home guidelines now in place in North Carolina.
Topics Auto Agribusiness North Carolina
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