INSURANCE BLOG

Important News On Insurance Premium Payments for Connecticut

April 2, 2020 — Executive order requires 60-day grace period for policyholders unable to pay premiums due to COVID-19 pandemic — As part of Executive Order No. 7S, no insurer may lapse, terminate or otherwise cancel a covered insurance policy due to nonpayment of premium from April 1, 2020, through…

CT Governor Announces 60 Grace Period for Some Insurance Premium Payments

Gov. Ned Lamont announced that there will be a 60-day grace period for property/casualty, and health insurance policyholders unable to pay their premiums due to the impact of COVID-19. During the grace period, insurance companies will be unable to cancel the policy for nonpayment. Exact orders…

Start applying for a Paycheck Protection Program loan Friday, April 3

Small businesses and sole proprietorships can apply for Small Business Administration loans under the Paycheck Protection Program beginning Friday, April 3, 2020, through existing Small Business Administration lenders. Independent contractors and self-employed individuals will be able to apply for…

FEMA Extends Grace Period for Payment of National Flood Insurance Policy Renewals due to COVID-19 Pandemic

The Standard Flood Insurance Policy (SFIP) provides that the term of the policy commences on its inception date and ends on its expiration date. To avoid a lapse or reduction in coverage, a National Flood Insurance Program (NFIP) insurer must receive a policyholder’s renewal premium payment within…

Are You Covered?

When it comes to protecting the things that matter most to you—your home, your jewelry, your life—it’s important that you consider what types of insurance will cover you best, and you need to know ahead of time the tricky nuances to your policies that might leave you unprotected. — Are you going to…

What is the Most Common Natural Disaster in the U.S.?

The answer is flooding. — If your home sustained damage due to a flood, would you have coverage? You might be thinking—of course I would have coverage. I have a homeowners policy. You aren’t alone in thinking that, but you would be wrong. A common misconception is that a standard homeowners policy…