For New Jersey insureds:
The New Jersey Department of Banking and Insurance has issued a bulletin advising that insureds who have financed policies with a licensed premium finance company may be eligible for an extended 90 day emergency grace period. To qualify insureds must:
- Be experiencing financial hardship due to COVID-19
- Have entered into the premium finance agreement BEFORE March 1, 2020
- Have been in good standing under the terms and conditions of their insurance premium financing agreement on March 1, 2020
To receive the grace period relief with The Premins Company, an eligible insured must send this completed form to njcovid19@preminsco.com or by mail at The Premins Company, 1407 Avenue M, Brooklyn, NY 11230
Bulletin and FAQ: https://www.state.nj.us/dobi/bulletin20.html