A reader, Nick, let us know that the California Department of Insurance has ordered insurance companies to refund premiums for March and April to drivers and businesses due to COVID19 shelter-in-place.
The Commissioner’s Bulletin covers premiums paid for at least the months of March and April — including the month of May if “shelter in place” restrictions continue.
The Commissioner’s Bulletin requires insurance companies to provide a premium credit, reduction, return of premium, or other appropriate premium adjustment as soon as possible, and no later than August 2020.
This great new for everyone in California!!! Our insurance company is private and they hadn’t offered to refund us any money back but according to the announcement, all insurance companies are to refund or reduced the premiums. As you know, I’ve paid our premiums are paid in full through April 2021 so I’m definitely looking forward to a fund!
If you live outside of California, check your Department of Insurance latest announcements to see if you are getting some money back.