Same with allstate.
Insurers are dealing with some crazy stuff right now. No new policy being written and widespread cancellations or reductions in coverage across all books.
No mass lay offs yet but claims are down over 50% from the usual right now too.
Huge repercussions in the supply chain coming.
the numbers from Indiana are an important leading indicator.
1,000 calls per day to their mental health and suicide prevention line up to 25,000 calls per day because of the lock downsā¦ link with #'s in the local paper above are per day.
have not seen any sourcing for similar #'s in Canada yet.
Progressive is now discounting 20%
If you have an active personal auto policy at the end of April, youāll receive a credit for 20% of your April premium. Weāll offer the same 20% credit to active personal auto customers at the end of May, and we may offer additional credits in the upcoming months.
Just got the email from Travellers:
we have launched the Stay-at-Home Auto Premium Credit Program, which will automatically give you a 15% credit on your April and May premiums
Will be interesting to see what the measures are coming out of this. I hope they set a high bar for others to follow.
NY will probably lag behind the most in reopening.
numbers are getting rediculousā¦
I am certain that there are more rounds of huge lay offs coming soon.
Not that I want people to lose all their shit but logically most people (70%+) are not fiscally responsible and have zero savings. Even on unemployment max + the 600$ after taxes would be around $700 a week and most people will not be able to live on this, especially when a lot are buying booze, drugs and cigs.
What Iām getting at is I would not mind scooping up my first rental property or another nice sports car.
At the plant when overtime dries up you should see all the shit that gets thrown on the āfor saleā board.
The majority of people do not live within their means, which is fine paycheck to paycheck, but not during times like now.
But my plan may be foiled if every bill people have to pay is āfrozenā until this is over.
There are way too many factors at play to reasonably predict any outcomes with any degree of certainty.
I agree that fire sales are coming but probably not on too much thatās interesting.
Stimulus money deposited in my account today.
The last time I got a refund from the feds was in 2016, so Iām interested to see if they still have my info on file.
Also currently waiting for PPP funding.
How do you pay when/if you typically owe? I have mine drawn right out of my bank account.
I had to pay through the mail with an actual check because my wife didnāt have a SS# (sheās Canadian).
Gotcha. For anyone else who may be in a similar boat, if you pay taxes and have the money directly debited from your bank, the IRS may still need you to confirm your bank info to get the stimulus check direct deposited. I just went there to check since I incorrectly assumed they had my info on file. Hereās the link for anyone who needs it:
Received our stimulus deposit today, torn between a new garage door or putting it toward pouring new concrete to replace our horrible asphalt extension off our driveway.
checked, and āstatus not availableā
We are right at the married threshold for 2018 filings, but stillā¦ confusing.
I got the same. Same situation as well.