In a video released Tuesday, North Carolina Farm Bureau President Shawn Harding said that NC Farm Bureau Insurance policyholders would receive a 20 percent dividend on automobile premiums for the months of April and May.
“We consider all of you part of the Farm Bureau family. We understand the difficult impact this COVID-19 virus is having on our families, our farms and our small businesses,” Harding said. “We want our customers to know that we are here for them, we are listening, and we are committed to helping any way we can. At NC Farm Bureau, we’re in the people business.”
The dividend is known as the “Here for You Promise” and in a news release, the farm bureau called the payments “rightfully due.” In total, policyholders will save an estimated $22 million. The dividend applies to both personal and business automobile policies.
Checks will be mailed in mid-June and no action is needed to receive the money.