INDIANA POLICYHOLDERS AFFECTED BY STORMS
Pekin Insurance is responding to the needs of its policyholders and the requests of the Indiana Department of Insurance in the administration of insurance policies, including all lines, resulting from a recent weather-related storm disaster that impacted 22 counties. Effective immediately, the following actions are applicable for all lines to insureds residing in Benton, Carroll, Clark, Crawford, Dearborn, Elkhart, Floyd, Fulton, Harrison, Jasper, Jefferson, Lake, Marshall, Ohio, Perry, Pulaski, Spencer, St. Joseph, Starke, Switzerland, Warrick, and White Counties.
A 60-day moratorium for cancellation of any insurance policy in effect for any policyholder directly affected by the disaster events residing within the impacted areas and a suspension of any penalty attached to payment therein will be applied retroactively to February 14, 2018, the day before the disaster events occurred. Some policies will be reinstated to comply with this retroactive date.
This “moratorium” is not a waiver; it is only an extension of the grace period in which to pay the premium. After the 60 days, the policyholder will have to resume making premium payments. The moratorium applies only to cancellations/non-renewals attributed to a failure to pay premiums directly as a result of the disaster events during the 60-day period.
It is our sincere goal to accommodate the needs of our policyholders that have been affected by these natural disasters.
Update 3/12/2018: The Indiana Department of Insurance has now added 9 more counties. The additional counties affected are Jackson, Kosciusko, LaPorte, Newton, Noble, Porter, Posey, Wabash, and Warren. Effective February 14, 2018, the day before the disaster events occurred, these additional counties will be added. Some policies will be reinstated to comply with this retroactive date.