As America and the rest of the world battle with the novel coronavirus, individuals have been forced to cope with a number of protocols, including stay-at-home orders, working remotely from home, quarantining, social distancing. Companies are laying off people while others are pay cuts. All these actions are aimed at cutting costs. With millions of people at home, American roads are less congested and accidents have dropped drastically. This has made reduced claims—and insurance companies are also monitoring the situation and responding accordingly.
As we enter mid-May, regional auto markets are slowly witnessing a rebound of car sales, with the southern regions accounting for a bigger share of the improvement. In Miami only, a survey has shown an improvement in sales by 13% for the first half of April compared to the same time the previous period while Arizona had sales off by just 14%, which is an improvement compared to more than 40% the prior week. Car sales have shown a steady improvement even in the country’s Coronavirus hotspots, Detroit and New York. New York recorded an 80 percent drop while Detroit saw a 98% drop for the last week to mid-month. As moved into the month of May, sales grew by 3% and 13% respectively. While the improvement may seem negligible, but they are indicative of a revamping auto sales industry, The Consumer Federation of America report indicated. The refund programs announced vary greatly from one insurance company to another. These moves have received accolades from not only consumers of insurance products but also the government and other entities trying to combat this unseen enemy.
Amidst these changes, Liberty Auto Insurance is developing a COVID-19 response package to help customers get a little relief. Today, a significant majority of American auto insurance companies are implementing refunds and credits to their clients. A survey shows that approximately $6.5 billion in refunds or credit has been earmarked to be given to policyholders over the next two months.
Liberty Auto insurance company has not been left out of this proactive move to salvage its clients and make them feel cared for. In response to the coronavirus pandemic, the company has come up with flexible payment options. They have also suspended both auto and home coverage cancellations due to non-payment of premiums and temporarily stopped charging late fees from March through June 2020. Where necessary, we are looking at possibilities of extending payment dates, especially to clients whose financial condition is worsening due to COVID-19.
In order to adhere to the government’s safety protocols and directives, our auto appraisers will offer online and mobile-based support instead of customer visits. In the event you have any claims to make, you will be required to take and send photos of the damaged car. We hope to activate our assisted-photo tool to help our customers upload the photos for onward processing of their claims. Liberty Auto Protection plan will now include a relief refund that looks at possibilities of giving customers a set percentage of their auto insurance premiums in the coming months.
As a prominent player in the auto protection industry, Liberty Auto Protection is standing with the rest of the nation to fight the adverse effects of coronavirus. According to the company’s sales department, extended warranties have incorporated features such as transmission, battery maintenance, and engine. These new additions are aimed at keeping you protected even as your car usage and mileage reduces due to stay-at-home orders. What’s more, the company’s extended protection plans are transferable, making it easy for new car owners to benefit from the coverage.
Liberty is offering a wide range of customizable auto protection plans, so you can expect reliable coverage for your changing car usage. With over 20 years of experience, Liberty Auto Protection is an A+ rated company ready to walk with you every step of the way as we struggle to beat the effects of COVID-19. Call Liberty Auto Protection Phone Number for help on auto protection plans and claims.
