Covid Virus Notice

To our Clients and Friends,

The staff and I are concerned about your well-being and hope this message finds you and your family safe and healthy.

To adjust during these difficult times, most of our staff are working remotely from home.   We are working hard on your behalf to serve your insurance needs via phone and e-mail

If consumers and small businesses are experiencing financial hardship due to COVID-19, they can defer paying premiums due between March 29th and May 28th without being canceled for ‘non-payment of premium’. If you choose to defer paying premiums during the time-frame above, and you receive a cancellation notice for ‘non-payment of premium’, please call us and DO NOT ignore it.

The New York Legislature and Department of Financial Services have been implementing emergency measures in an effort to protect insurance policyholders who have been hit with financial hardship because of the COVID-19 pandemic.

Regulations they enacted apply to most insurance policies and include: the waiver of late fees; the prohibition on reporting negative data to
credit reporting agencies; and the repayment of late premiums over a 12-month period.  If you have been impacted by this pandemic, this means help may be available.

-If you can demonstrate that you’re unable to make a timely premium payment due to financial hardship because of the COVID -19 pandemic, you may be able to pay such premium over a 12-month period.

– If your policy is financed through a premium finance agency, they may be required to provide a grace period before canceling your policy for late payment of an installment if you can demonstrate financial hardship because of the COVID-19 pandemic.

-Payments can be deferred for sixty (60) days for Property and Casualty Insurance and ninety (90) days for Life Insurance.   If necessary, you can apply to defer payments for a longer period.

-You may be given a 12-month period to pay the missed installment, and the premium finance agency may not impose late fees or report you to any credit reporting agency or debt collector because of that installment.

-You may prove hardship by submitting a written attestation to the insurance company or premium finance agency regarding your
financial hardship resulting from the COVID-19 pandemic.

The full text of the relevant regulations can be read here:

If you have any questions or concerns, don’t hesitate to contact me
THANK YOU for your business. We want you to know how much we appreciate the opportunity to be of service to you.
                            Stay safe and be well. We’ll get through this.

Sincerely,  Art