On March 27, 2020, the Colorado Department of Insurance issued Bulletin No. B-5.38 which states the following:
“The Division directs all insurance companies issuing coverage to personal and commercial policyholders to make reasonable accommodations to prevent individuals and businesses from losing coverage due to cancellation for the non-payment of premium during this unprecedented time.
Reasonable accommodations should include, but not be limited to:
Extension of premium grace periods;
Waiver of late payment fees;
A moratorium on cancellations for non-payment;
Defer any non-renewal underwriting actions; and
Provide a continuation of coverage for any expiring policy.”
You can view all Colorado COVID-19 insurance policies here:https://www.colorado.gov/pacific/dora/covid-19-and-insurance
Please contact your insurance agent with any questions.