Jewelers Mutual assists policyholders in hurricane areas

15 Sep '05

4 min read

Custom coverage offering firm Jewelers Mutual Insurance Company is lending support to policyholders who were impacted by the damage from Hurricane Katrina.

To date, the company is:
- Extending the time period for renewing policies and paying premium.
- Providing coverage for commercial policyholders' merchandise while transporting it from their businesses to more secure locations, as well as coverage while the merchandise is at the temporary locations, at no additional premium.
- Paying for loss of income under the civil ordinance coverage for Businessowners policies.
- Having adjusters visit all commercial policyholders in the hurricane areas, whether or not they've reported a claim.

Darin Kath, president and COO of the company stated that they want to help their policyholders through this difficult time.

The company has extended the time period to renew policies and pay premiums. Specifically, that means commercial and Personal Jewelry policyholders in the affected areas of Louisiana, Mississippi, and Alabama, have until Oct. 31 to renew policies and pay premiums if their policies expire between August 26 and October 31.

Mr. Kath included that if policyholders in the hurricane-hit areas haven't been able to pay their premiums, they will extend their policies. They are also providing coverage at no additional premium for commercial policyholders who want to remove their merchandise from their businesses and transport itto more secure locations. The majority of their merchandise was in safes at their businesses.

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