I’ve seen a few other companies doing this - Allstate and State Farm- worth checking in on your policy.
I work for Progrressive
Pretty much everyone is offering some type of credit to your premium
Our policy is anyone with an active policy by the end of April gets 20% credit to their monthly premium. Were doing it at the end of May as well and might even extend it further
With our current COVID 19 Lemiemcy policy , you'd pretty much have to cancel voluntarily to lose coverage
Were not canceling or non renewing anyone due to non payment for at least a month that might get extended I utbqs well . Most states are may 15th moratorium, but even that date was extended from April 25th to May 15th q week or two ago
I spend most of my time havinv to explain to ppl that their April credit gets applied first 2 weeks of May and same for may to June
Ppl see April and may credit and flip out that something approved on April 10th doesn't take effect immediately
Honestly I do qnything I can to help ppl and most people are very thankful and understanding.
For the record , Ptogrrssive handled COVID 19 better than our government lol
They had most ppl working from home or adequately distanced before most fed protocols went into place
Hell I was in training and set to get my insurance license and the state facilities closed the day before .
So technically I couldn't do the job I was hired for .
Instead of laying us off or furloughing until my license can be acquired , they honored everyone's employment, and just trained us for limited call types on customer service.
Theyve got 42k ppl working from home and it only took them a week to get over 15k additional work.units programmed and sent out.
Theyre letting employees access a portion of their end of year bonus early to help out . The 20% credit theyre offering will cost them over a billion dollars and they liquidated another billion to keep everyone on board during this whole thing
I've worked fir fortune 500 companies before but not one that actually puts their "core values" at the front of how they actually operate
I'm drinking the Kool aid and plan on retiring with them at this point .
Amazing company . Great leadership. Even our CEO who brought us from roughly 11 billion to 42 billion in just about 8 years. Only female CEO of a Fortune 100 company and she started as a claims adjuster herself
Caps her own salary and bonuses.
All i can say is , after working for quite a few large companies and seeing how most executives handle themselves, my job is a lot easier when I know my company is built to last and actually cares about employees and customers
I've worked 2 jobs 7 days a week for over a year now and they're both essential. Hopefully I'll be moving up once I get some tenure so I can actually have days off again lol
I just need April 23rd to hit . My wife knows its Christmas 2: Electric Boogaloo in my house