Farm Bureau offering credits to its customers

The Farm Bureau Insurance companies are offering financial assistance measures in response to unexpected hardships for their customers and the communities they serve due to the coronavirus (COVID-19) outbreak including a one-time estimated premium credit of $30 million to policyholders and a donation of $2.3 million to local food banks across its six-state footprint.

“Farm Bureau Insurance regularly responds to the needs of our customers when storm events occur, and we think it is appropriate that Farm Bureau help all Arkansas communities during these tough economic times,” said David Moore, senior vice president and general manager of Farm Bureau’s insurance companies in Arkansas.

“Insurance is a safety net designed to provide people comfort and peace of mind in the face of adversity — and now more than ever, people need to feel that peace. These are some of the ways the Farm Bureau Insurance companies can give back to the communities we serve, and we are happy to fulfill that obligation of service,” Moore added.

The Farm Bureau Insurance companies are distributing a one-time credit to all personal auto policyholders. This special credit is based on 15% of two months auto premium paid for each vehicle covered, an estimated value of about $30 million. No action needs to be taken by the customer to receive this special assistance. The Farm Bureau Insurance companies will simply credit their customers’ next invoice after the program begins.

The Farm Bureau Insurance companies have jointly decided to donate $2.3 million to local food banks across six states in which it operates.