Chubb has announced that it will provide its personal auto insurance customers in the US with a credit on annual renewal premiums as a result of reduced driving caused by the COVID-19 outbreak.
Upon renewal, clients will receive a credit equaling a 35% premium reduction for the months of April and May, with additional discounts for subsequent months as necessary. The average credit is expected to be $110 per vehicle. The credit will be applied automatically at renewal, Chubb said.
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