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Wash. P&C insurers ordered to waive fees, halt cancelations

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Wash. P&C insurers ordered to waive fees, halt cancelations

Washington Insurance Commissioner Mike Kreidler has ordered all property and casualty insurers in the state to ensure policyholders retain coverage during Washington's coronavirus state of emergency.

Specifically, P&C insurers are required to provide a grace period for policyholders to pay their insurance premiums; waive fees related to late payments, including late fees and reinstatement fees; and refrain from canceling any policy for nonpayment of premium, unless the customer requests to do so.

Kreidler noted that it was "imperative" for policyholders to retain their insurance coverage, since many of Washington's citizens are unemployed, while several businesses have suspended operations due to the COVID-19 pandemic.

The order will remain in place until May 9, according to the March 25 release.

READ MORE: Sign up for our weekly coronavirus newsletter here, and read our latest coverage on the crisis here.