Due to reduced driving during this time, Georgia Farm Bureau Insurance has seen a reduction in auto claims which has resulted in less money being paid on our policyholders’ behalf. Georgia Farm Bureau is not looking to profit from these trying times, and we will be giving back a portion of premiums to our auto policy holders to reflect this decrease in claim payments.
The partial return of premium will vary based on the total amount of auto premium an individual pays and will depend on the amount of money realized from the reduction in auto claims, beginning April 1 and ending on the last day of the month in which the Governor’s Shelter in Place order concludes.
This FAQ is designed to answer questions that may arise in response to the return of premium that is being implemented as a result of the reduction in claims volume related to the COVID-19 Shelter In Place (SIP) Order issued by Governor Kemp.
Since Governor Kemp issued the SIP order, Georgia Farm Bureau has seen a reduction in auto claims as a result of less travel. We are not interested in profiting from the pandemic, so we made the decision to estimate any potential profit that was resulting from this reduction in claims frequency and return it to our auto policyholders.
There are no limitations. The minimum payment on refunds will be $10.
All auto lines, including APV, PPA, ACV, BAP, and Fleet are included.
We have not seen a reduction in claims frequency in other lines due to the COVID-19 SIP.
Yes, this applies to all auto policyholders who have a GFB auto policy in force. There are no restrictions as it relates to the current standing of their billing status.
Unfortunately we are not in the position to be able to credit a policyholders account. The payment will come in the form of a check issued to the named policyholder on the account.
No, the refund will be calculated at the end of the period in which is outlined above. Once that occurs and the checks are printed, they will be mailed out to the policyholder.
Several of our Brokerage carriers are offering auto refunds to customers in response to COVID-19. The amount of refund varies by company. Please contact the Brokerage Company directly at the below phone number listed for specifics on each plan.