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Yachts, Boats & Charter Vessels For Illinois Storm Disaster Victims
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To implement the requirements of Company Bulletin 2017-03 issued by the Illinois Department of Insurance, GEICO Marine Insurance Company is taking the following action in the following counties, Cook, Kane, Lake, and McHenry declared disaster areas due to significant flooding in July.

Moratorium on cancellation and non-renewals. For any cancellation or nonrenewal notice issued on or after July 12, 2017, on any in-force-policy issued to an affected policyholder or respecting affected property, GEICO Marine Insurance Company will withdraw the cancellation or nonrenewal and reinstate the policy with no lapse in coverage. GEICO Marine Insurance Company will not issue any new cancellation or nonrenewal notices to affected policyholders or for affected property until September 30, 2017, or at a later time if deemed reasonable under an individual's circumstances.

Other insurance-related time-period extensions. Extensions will be granted to affected policyholders for all policy provisions that impose a time limit for an insured or claimant to perform any act, including submission of a claim or proof of loss, reporting of information, submission of bills, or payment of funds.

Time-period extension for repairs. If repair on affected property cannot be completed within the time period required under any policy or within the 90-day time period for repairs prior to termination due to condition of the property [215 ILCS 5/143.27], GEICO Marine Insurance Company will provide consumers with an extension of not less than 60 days to make the repairs.

Cancellation or nonrenewal respecting affected property. GEICO Marine Insurance Company will refrain from canceling or non-renewing policies respecting affected property due to "increase in the risk originally accepted" [215 ILCS 5/143.21 and 143.21.1] or due to the geographic location of the risk [215 ILCS 5/155.22].

Other exceptions to policy/contract requirements or rating/underwriting rules. GEICO Marine Insurance Company will consider exceptions to policy or contract requirements or other rating or underwriting rules not listed in Company Bulletin 2017-03, issued by the Illinois Department of Insurance, when contractual requirements are not met as a result of this disaster. Exceptions to policy or contract requirements or rating or underwriting rules will include an insured's displacement from his or her.

GEICO Marine Insurance Company wants our Illinois consumers to know the DOI is available for complaints regarding any disaster-related dispute or issue by calling the DOI's toll-free complaint hotline at 1-866-445-5364, or file a complaint online at:
https://mc.insurance.illinois.gov/messagecenter.nsf