American National announces premium credit for personal auto clients
April 14 2020 - 2:11PM
In an effort to help ease financial uncertainty caused by the
COVID-19 pandemic, American National is providing a premium credit
to its personal auto insurance customers.
At a time when many Americans are doing the right thing by
staying at home and off the road, American National is doing the
right thing for its customers by taking steps to help them,
including providing a premium credit to all its personal auto
policyholders.
A 15% credit will automatically be applied to the monthly
premium of every policy in force at the end of April and again at
the end of May, 2020. Policyholders do not have to take any action
to receive the credit.
American National has always been there for its clients and this
has never been more true than in times of crisis. Its proud history
of providing outstanding service to clients through dedicated
agents will continue.
American National also announced it will cover its insured
drivers who are making deliveries of food, medicine or other
essential goods in their personal vehicles for their
employer—something typically not covered by personal auto
policies.
American National is committed to helping clients through times
of hardship. As the lives of individuals across the country are
impacted on a massive scale by the current situation, we are proud
of the steps we’re taking to help our clients and their
families.
The premium credit is in addition to other steps the company has
taken to help ease the burden of clients during this difficult
time. American National is working with state insurance departments
to secure approval for the premium credit and other measures. These
include:
- Payment Relief: American National has
suspended cancellation of coverage due to non-payment for all
policyholders. While American National encourages policyholders to
continue to make payments on policies, clients can go to
https://www.americannational.com/wps/portal/an/menu/contact and
discuss a revised payment plan or method.
- No Minimum Payment Requirements: The company
is suspending minimum payment requirements on all policies. Clients
may pay any amount between $1 and the full account balance,
regardless of the minimum amount shown.
- Enhanced Self Service: American National is
adding capabilities to their online portal. Clients can now suspend
Auto Pay to prevent payments from being withdrawn automatically
from their bank accounts by going to
https://www.americannational.com/wps/portal/an/home/info/response-to-coronavirus/#cancellations
Working through challenges together with clients is the
foundation of American National. For 115 years, the company has
built a reputation of doing the right thing by its clients and
being there whenever needed. That holds true now more than
ever.
About the Company, American National Insurance Company (American
National), headquartered in Galveston, Texas, was founded in 1905
and is licensed in all states except New York. American National
and its subsidiaries offer a broad line of products and services,
which include life insurance, annuities, health insurance, credit
insurance, pension product and property and casualty insurance for
personal lines, agribusiness and certain commercial exposures. The
family of companies operates in all 50 states.
For more information, including company news and investor
relations information, visit the company's web site at
americannational.com.
Contact:
Chuck La Tournous
Chuck.LaTournous@AmericanNational.com
417-887-4990
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