Business: Insurance

Preferred Mutual Announces “Stay Home, Stay Assured Auto Program” to Provide Relief During Pandemic

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“Live Assured isn’t just a tagline. It’s our promise to be here for our customers, protecting what matters most, especially during this time of uncertainty.”


NEW BERLIN, N.Y. (PRWEB)

As part of its ongoing efforts to help customers throughout the COVID-19 pandemic, Preferred Mutual (“Preferred Mutual”) Insurance Company today announced its Stay Home, Stay Assured Auto Program, which will provide over 65,000 customers a 15 percent credit on their April and May personal auto insurance premiums.

“During this difficult time, Preferred Mutual is pleased to be able to alleviate some of the financial hardships our customers are facing,” said Christopher Taft, President and Chief Executive Officer. “Live Assured isn’t just a tagline. It’s our promise to be here for our customers, protecting what matters most, especially during this time of uncertainty.”

The credit will be given to New York and Massachusetts personal auto policyholders as of April 30, 2020.

No action is needed to receive the credit; policyholders will automatically receive their 15% premium credit via check in the coming weeks. Preferred Mutual estimates the Stay Home, Stay Assured Auto Program will distribute $2.5 million back to our customers.

The Stay Home, Stay Assured Auto Program is the latest step we have taken in our commitment to providing exceptional service and support to customers during COVID-19. We are offering flexible payment options, waiving late fees, and extending personal auto coverage at no cost to individuals delivering food or medicine.

Community support is also a priority for Preferred Mutual, as employees and partners work together to provide assistance to frontline workers, local food banks, as well as other organizations that address humanitarian issues.

About Preferred Mutual

Preferred Mutual Insurance Company provides property and casualty insurance coverage to more than 232,000 individual and business customers through an exclusive network of more than 500 independent agents throughout New York, New Jersey, Massachusetts and New Hampshire. In business since 1896, Preferred Mutual is rated “A” by A.M. Best Company and is headquartered in New Berlin, New York. Learn more at http://www.preferredmutual.com.

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