Great West Casualty Company continues to monitor developments related to the novel coronavirus (COVID-19) and its impact on our employees, brokers/agents, and customers, and will continue to take action in accordance with recommendations from the Centers for Disease Control, regional government agencies, and state departments of insurance.
For ORU and ABMIM policyholders, click here.
State-Specific Coronavirus (COVID-19) Information
Great West Casualty Company wants all of our customers in Colorado to have payment flexibility to maintain coverage during the disruption caused by the COVID-19 outbreak. Until further notice, upon request by Colorado customers, Great West Casualty Company will extend premium grace periods for 60 days, suspend any cancellations stemming from non-payment of premium, and defer non-renewals. No late payment fees will be charged. In situations where policies would expire absent these accommodations, Great West and other Old Republic companies will provide a continuation of coverage.
To minimize interpersonal contact and ensure prompt receipt of your premium, we encourage you to utilize available electronic payment options. While we want to work with customers to provide some relief with respect to payment timing and coverage availability, Great West and other Old Republic companies are not waiving the premium owed for the risks insured.
Should you need an accommodation, contact your Great West agent or, for Direct Bill policies, contact 800-552-9130.
Great West Casualty Company wants all our property and casualty policyholders in New Jersey experiencing financial hardship due to COVID-19 to have payment flexibility during the disruption caused by the COVID-19 outbreak. To that end, if you are experiencing a financial hardship due to COVID-19 and contact us regarding your situation, we will provide you a 90-day grace period to pay your insurance premiums, so that your policy is not cancelled for nonpayment of premium. As a policyholder you may elect for this 90-day grace period to begin retroactively on April 1, 2020 or opt for the grace period to begin on May 1, 2020.
If you are experiencing financial hardship due to COVID-19 and choose to use the grace period, we will:
- Waive any late payment fee otherwise due and not report late payments to any credit rating agencies, during the 90-day period.
- Allow premiums not paid during the 90-day period to be paid over the remainder of your policy term or over 12 months in up to 12 equal installments, whichever is longer.
- Ensure that late payments during the 90-day period are not considered in any future premium calculations at any time.
Policies Financed by Premium Finance Companies – Grace Period
If your insurance policy has been financed through a premium finance company, and you, as an affected policyholder, do not make an installment payment and contact us as outlined above, the 90-day grace period will apply and your policy will not be canceled for a period of at least 90 days.
To minimize interpersonal contact and ensure prompt receipt of your premium, we encourage you to utilize available electronic payment options. While we want to work with our policyholders as set forth above, please note Great West is not waiving the premium owed for the risks insured.
Should you have any questions about this grace period, contact your Great West agent.