In a bold and generous move, popular insurance provider Allianz has just announced that it will be offering free car insurance to unemployed drivers. If an existing customer becomes unemployed, they will be provided with free car insurance for one year. The new innovation will be called Unemployment Protection Auto Insurance.
This is a first for the auto insurance industry and Allianz is confident that the new policy will be of great use to its customers. The company has stated that it wants to give their loyal customers a wider range of options to protect them during this time of economic instability. Allianz will also be providing the same offer in its motorcycle division. In addition, clients who must take temporary disability absences from work can also take advantage of Unemployment Protection Auto Insurance.
Clients can receive the free insurance if they become temporarily disabled or unemployed before their policies mature, and will continue to receive it for a year. They will also be reimbursed for the full cost of the premium.
This could be a turning point for the industry, prompting other auto insurance providers to follow in their footsteps. Many companies are providing reduced rates and various payment plans, but a company has yet to address the issue of unemployment, a problem that is preventing many drivers from paying their premiums. Allianz is the first to offer auto insurance coverage of this kind, and it will certainly please their existing 1.5 million customers.
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