Lancer Insurance announces temporary vehicle suspension program to help policyholders

Passenger transportation insurer Lancer Insurance Company has implemented a plan to help its policyholders manage their unprecedented loss of business caused by the Coronavirus.

As its policyholders’ revenue sources are temporarily reduced or, in some cases completely eliminated, Lancer understands the critical need to help its policyholders immediately reduce and/or defer expenses in every way possible. Specifically, the Lancer plan will allow its policyholders to simply and quickly suspend inactive vehicles and their associated liability insurance premiums from their current Lancer policy. Lancer will also work with each policyholder’s agent or broker to adjust and/or defer premium installments until the crisis passes.

More details of the plan will be shared directly with Lancer’s agents, brokers and policyholders in the coming week.

“For the Delaney Family and everyone at Lancer, this was a simple decision. Over the last 35 years, we have worked with our agents, brokers and policyholders to get through a wide range of unforeseen challenges…natural disasters, terrorist attacks and a national recession. This Coronavirus crisis is very different in its velocity and potential impact to our customers, but our response this time will be no different. We will do everything we can to help our customers and friends get through this.” – Timothy H. Delaney, Lancer’s Senior Vice President of Passenger Transportation.