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To our valued customers,

We hope that this message finds you and your family safe and healthy.

These are difficult times. The New York Legislature and Department of Financial Services have been implementing emergency measures in an effort to protect insurance policyholders who have been hit with financial hardship because of the COVID-19 pandemic. Regulations they enacted include: the waiver of late fees; the prohibition on reporting negative data to credit reporting agencies; and the repayment of late premiums over a 12-month period.

If you have been impacted by this pandemic, this means help may be available.

  • If you can demonstrate that you’re unable to make a timely premium payment due to financial hardship because of the COVID-19 pandemic, you may pay such premium over a 12-month period.
  • If your policy is financed through a premium finance agency, they must provide a grace period before cancelling your policy for late payment of an installment if you can demonstrate financial hardship because of the COVID-19 pandemic. This grace period will be 60 days for a property/casualty policy; 90 days for a life insurance policy. You will be given a 12-month period to pay the missed installment, and the premium finance agency may not impose late fees or report you to any credit reporting agency or debt collector because of that installment.

You may prove hardship by submitting a written attestation to the insurance company or premium finance agency regarding your financial hardship resulting from the COVID-19 pandemic. The full text of the relevant regulations can be read here: https://www.biginy.org/nysdfs.

If you have any questions about this or your policy, don’t hesitate to contact our team. We’re proud to continue helping you protect what matters most.

Stay safe,

Francine Salomon

 

Our Location

JFA Insurance Brokerage & Associates

2531 Francis Lewis Blvd
Bayside, NY 11358
Main office: 718-767-4040

Our Providers

JFA Insurance has been our broker for over 20 years. They have provided us with exceptional service and competitive pricing. Three thumbs way up! Max Klimavicius Sardi's Restaurant
Max Klimavicius CEO Sardis Restaurant
Francine Salomon and the JFA Insurance team give you a high level of service along with expert knowledge . They are a pleasure to work with ! Lisa Marcus CEO Symphony Fabrics Inc.
Lisa Marcus CEO Symphony Fabrics
would like the say that this is one of the best insurance company experiences that I have had since expanding. The company always has a hands on approach with their clients which is very important in my industry and the customer service has been excellent!!!! Robert 'Don Pooh' Cummins, CEO of DPMG
Robert Cummins
My decision to have JFA handle all our insurance needs was one that will continue to bring me benefits long into my future career opportunities. The Staff is both professional and personal. Without them I would have drowned in unnecessary claims and fees. Doris Richards, Controller of Golden Corral Franchises
Doris Richards