American Family Insurance giving 10% credits on auto policies in additional COVID-19 pandemic relief

American Family Insurance giving 10% credits on auto policies in additional COVID-19 pandemic relief

  • 0
American Family Insurance

American Family Insurance, shown in this file photo, has its headquarters at 6000 American Parkway in Madison.

American Family Insurance is doubling its efforts to provide premium relief to customers during the COVID-19 pandemic through 10% credits on personal auto policies.

The company expects the credits to account for $225 million in relief, adding to the $200 million return on premiums to personal policy holders in April, according to a statement from the Madison-based company.

“We received an outpouring of customer gratitude during our first round of premium relief," American Family chief operating officer Telisa Yancy said. "They told us they used the relief to buy groceries, address other important needs, and even give to charity. They inspired us to do more to immediately help them as reduced driving trends continue.”

Monthly insurance bills for coverage from July 1 to Dec. 31 of this year will be reduced by 10%, and customers who have paid in full for coverage extending into that period will receive checks reflecting the credit. 

The April effort paid back $50 for each vehicle insured under a personal policy through American Family. 

American Family said it received approval for the premium credit from regulators in Wisconsin and six other states and has filed the plans with the 11 other states where it operates.

Concerned about COVID-19?

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

Related to this story

Most Popular

MIAMI - When Judy Eitneier received a $1,200 check from the Internal Revenue Service last month made out to her mother, she was puzzled. "What? Why?" Eitneier said, describing her reaction. "Mother is dead." In its haste to revive the economy during the coronavirus pandemic, the IRS has been sending $1,200 stimulus checks to dead people. The federal tax-collecting agency won't divulge how many ...

DALLAS - J.C. Penney is reopening stores in Texas, Florida, Indiana and Ohio on Wednesday as the clock is ticking in its bankruptcy, the largest so far since the coronavirus pandemic shutdown the economy. As Penney enters its first week of bankruptcy, details emerge of a difficult path for exiting Chapter 11 that includes the spinoff of its real estate into a separate company and permanently ...

Get up-to-the-minute news sent straight to your device.

Topics

News Alert

Breaking News