BITCO Insurance Companies and our policy-issuing companies of BITCO General Insurance Corporation and BITCO National Insurance want all our business property and casualty policyholders in Colorado to have payment flexibility to maintain coverage during the disruption caused by the novel coronavirus (COVID-19) outbreak. Until further notice, upon request by Colorado policyholders, BITCO Insurance Companies will extend premium grace periods for 60 days, suspend any cancellation stemming from non-payment of premium, and defer non-renewals. No late payment fees will be charged. In situations where policies would expire absent these accommodations, BITCO Insurance Companies will provide a continuation of coverage.
To minimize interpersonal contact and ensure prompt receipt of your premium, we encourage you to utilize BITCO's available electronic payment options, ACH and wire transfers. Please contact Steve Agey, CPCU, Executive Vice President of Marketing and Field Operations at Steve.Agey@bitco.com or call 563.232.0230 for further information on these options and other accommodations.
While we want to work with policyholders to provide some relief with respect to payment timing and coverage availability, BITCO Insurance Companies are not waiving the premium owed for the risks insured.