The Indiana Department of Insurance is telling insurers to give victims of recent southern Indiana tornadoes an extra two months to pay their premiums.
Insurance Commissioner Stephen Robertson announced a 60-day moratorium on canceling storm victims’ insurance policies, along with a suspension of late penalties.
The agency says the moratorium amounts to an extension of the grace period.
The moratorium applies only to those who fail to pay premiums directly as a result of the disaster. Insurance companies can cancel or non-renew policies for other reasons, but the department says they should consider that storm victims may be unable to receive a notice of cancellation.
Topics Windstorm
Was this article valuable?
Here are more articles you may enjoy.
Connecticut High Court: Injured Rental Car Occupants Covered for Uninsured Motorist 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
Electric Bills in Coal Country West Virginia Now Top Mortgage Payments 
