Insurance Premium Relief is Available if Needed 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 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, help may be available.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.Need help? You can reach out to your carrier directly or contact us for assistance.Contact information for most carriers is available here.

If you have any questions about this or your policy, don’t hesitate to contact our team.We welcome the opportunity to help.