Travelers Canada Announces Stay-at-Home Auto Premium Credit Program
April 22 2020 - 12:22PM
Business Wire
Personal auto insurance customers will receive
a 25 per cent credit on one month’s premium, expanding on the
company’s COVID-19 relief efforts
Travelers Canada, the Canadian arm of The Travelers Companies,
Inc. (NYSE: TRV), today announced it is giving its Canadian
personal auto insurance customers a credit of 25 per cent on one
month’s premium through its new Stay-at-Home Auto Premium Credit
Program. The company will automatically credit customers’ accounts,
providing them with prompt and much needed relief during this time.
For most customers, processing of this credit is expected to start
in May. Travelers Canada will continue to assess the program as
more information comes to light about the impact of the COVID-19
crisis on the driving environment and auto claims.
“We’ve seen fewer auto claims in April as Canadians continue to
stay home during this challenging time, and we expect this to
continue into May,” said Heather Masterson, President and Chief
Executive Officer of Travelers Canada. “Many are experiencing
financial hardships, and we hope our new Stay-at-Home Auto Premium
Credit Program provides some measure of relief. We have taken a
number of steps to help customers, brokers and communities, and
will continue to look for ways to support them.”
Separately, Travelers Canada is extending auto coverage for
customers across the country whose temporary job responsibilities
include using their personal vehicles to make food, grocery,
pharmacy and medical supply deliveries.
The Stay-at-Home Auto Premium Credit Program adds to the
company’s COVID-19 response initiatives. Among other things,
Travelers is offering billing relief to customers, is accelerating
compensation payments to eligible brokers and has pledged $5
million to assist families and communities affected by the COVID-19
pandemic across North America, the United Kingdom and the Republic
of Ireland. The company also continues to work with individuals
experiencing financial hardships to offer solutions based on their
unique circumstances.
To learn more about Travelers Canada’s response to COVID-19,
please visit TravelersCanada.ca.
About Travelers Canada
The Travelers Companies, Inc. (NYSE: TRV) is a leading provider
of property casualty insurance for auto, home and business. A
component of the Dow Jones Industrial Average, Travelers has
approximately 30,000 employees and generated revenues of
approximately US$32 billion in 2019. The Travelers Insurance
Company of Canada, Dominion of Canada General Insurance Company and
St. Paul Fire and Marine Insurance Company (Canada Branch) are the
Canadian licensed insurers known as Travelers Canada. For more
information, visit www.TravelersCanada.ca.
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Media: Yen To, 416.607.7618 YTO@travelers.com
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