Allianz To Offer Free Car Insurance If Unemployed

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Allianz, which provides car insurance services to more than 1.5 million drivers, said it will offer a free car insurance for a year in case the customer becomes unemployed. Is this a turning point in car insurance industry? Perhaps other providers will follow the suite.

The company, yesterday in a statement said that it will provide the free car insurance offer also in its motorcycle division in case of an unemployment of a customer. The offer stands for temporary disability as well.

Allianz noted that this initiative seeks to expand the coverage offered to their most loyal customers in the Automotive industry in order to protect "even in these times of economic crisis." Thus the auto and motorcycle insurance coverage plans will incorporate the new innovation, called Payment Protection.

The corporation will offer its its car insurance clients guarantees of Unemployment Protection Auto Insurance.

The policyholders who renew their car insurance policies this year between August and July 2010 and who had become unemployed or temporarily disabled before reaching the maturity of their policies, will have free auto insurance coverage for a year. Allianz will reimburse the full amount of the premium.

By Armen Hareyan
Source: Europa Press (Spanish)

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