Insurance Commissioner orders property insurers to give grace periods, halt cancelations until May 9
Last updated 3/29/2020 at 12:34pm
Washington State Insurance Commissioner Mike Kreidler has ordered all property and casualty insurers in Washington state to take steps to make sure policyholders retain coverage for their homes, vehicles, other property and liability policies during Washington state’s coronavirus state of emergency.
Specifically, the order requires insurers that sell property and casualty policies in Washington state to:
- Provide a grace period for policyholders to pay their insurance premiums.
- Waive fees related to any late payments, including late fees and reinstatement fees.
- Refrain from canceli...