Co-operative Maintains Loss-Free Credits for Irene Victims

posted Sep 15, 2011, 7:45 AM by jon curtis   [ updated Sep 15, 2011, 8:00 AM ]
Continuing to demonstrate insurance industry leadership and compassion for their Vermont member policy holders, in addition to offering payment leniency during this period, Co-operative puts in writing their additional policies with respect to Irene:

•    Policyholders currently receiving a Loss-Free Credit will not lose their credit as a result of payment for any loss related to this event.
•    We have suspended policy vacancy provisions for policyholders who are temporarily displaced as a result of this event.
•    We will not re-rate, cancel, non-renew, or refuse to provide insurance solely due to an individual’s status as an evacuee or person otherwise affected by this event.
•    We will refrain from changing policyholders’ rating classifications or increasing their rates solely because they are an evacuee or person otherwise affected by this event.