Fidelity Life is helping customers affected by flooding on the West Coast and the top of the South Island by offering to waive their premiums.
The company, which works with specialist rural insurer FMG, says farmers who are suffering financial hardship due to the impact of the floods on their farms can apply to have their premiums temporarily waived* for three months.
In addition, there is the potential to extend the waiver for a further three months without affecting their insurance protection.
Fidelity Life Chief Customer Officer Peter Doherty says farmers and growers in the West Coast and Nelson/Tasman and Marlborough districts are facing issues such as shortages of livestock feed and crop washouts “…placing financial stress on their businesses”.
Any other Fidelity Life customers facing financial hardship as a direct result of the floods are also encouraged to get in touch with their adviser to discuss how the firm can help.
*Should a claim be accepted during the waiver period, any premium that would have been paid during the premium waiver period will be deducted from the claim proceeds.