COVID Personal Auto Refunds question
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- This topic has 3 replies, 3 voices, and was last updated 9 months ago by
Jocelyn Rineer.
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April 13, 2020 at 4:54 pm #2539
Mike Blumenfeld
ParticipantDoes NJ DOBI need to approve the announced rebates/refunds the different carriers have advertised? Or are the carriers allowed to proceed without approval? Does it matter if it’s a reciprocal exchange, mutual or stock company? I hope the insurers can proceed quickly, as they have announced. However I fear bureaucracy which could give us a black eye.
April 13, 2020 at 7:34 pm #2544Alyssa Delaney
KeymasterMike, It does appear NJDOBI has to approve any refunds or credits. Just spoke with Mercury and they mentioned the company approved a 15% refund on personal auto, but they were waiting for NJDOBI’s approval to move forward.
April 13, 2020 at 8:39 pm #2545Mike Blumenfeld
Participantthanks. So now I’m worried we’re going to get all these calls from people looking for their refunds and they aren’t processed because they’re not approved by the state. Also, have you seen anything from NatGen?
April 21, 2020 at 4:03 pm #2576Jocelyn Rineer
ParticipantMike, I do not remember seeing anything from Nat Gen but I have contacted them and am waiting for a response. I will let you know. Jocelyn
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