Allstate, forced to stay due to new crown outbreak, announces more than $600 million in insurance premiums for customers

According tomedia reports, affected by the new corona virus pandemic, the U.S. insurance company Allstate on Monday local time announced the relevant adjustment measures. The company announced that it would return more than $600 million in car insurance premiums to customers in a form called Shelter-in-Place Payback.

Allstate, forced to stay due to new crown outbreak, announces more than $600 million in insurance premiums for customers

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Allstate CEO Tom Wilson announced the decision Monday on a conference call with reporters. The company has previously found that its customers have reduced their driving hours by up to 50 percent in most U.S. states. In addition, these refunds will apply to the 18 million policies issued by Allstate and its affiliates.

Customers will receive a refund through a bank account, credit card or Allstate account. Allstate says the fastest way for customers to get this reward is to use Allstate’s mobile app.

In addition to the return, Wilson said Allstate announced a new benefit Monday: free protection for all U.S. residents who have registered for their services for the rest of the year, as the new corona virus pandemic has forced people to become more dependent on digital services than ever before.

Allstate points out: “‘Home shelter’ requires us to work, attend classes, visit friends in a virtual way, and that increases our exposure to cybercrime.” As a result, Allstate Identity Protection products will be free to all registered users for the rest of the year. Any U.S. resident who registers in May will be able to get the service for free until December 31, regardless of allstate’s insurance.

In addition, Allstate said it would expand coverage to customers who use private cars to transport food, medicine and other goods for commercial purposes, which are not usually covered by standard personal car insurance.