Update: Avoid Insurance Policy Cancellations During COVID-19 Crisis
We are happy to report to you that, since our April 1st blog post, Update: Avoid Insurance Policy Cancellations During COVID-19 Crisis, the governors of New Jersey and New York have both issued orders requiring many insurance carriers to put a moratorium on certain policy cancellations for a specified number of days due to financial hardship.
New York: March 29th Order: New York Executive Order
New Jersey: April 9th Order: New Jersey Executive Order
Your policy and organization might qualify for these grace periods, but please note that you likely need to provide proof of financial hardship to your insurance carrier to qualify.
Please contact your Borden Perlman representative if you have questions.