Storm victims get extra time to pay premiums

By The Associated Press

JACKSON, Miss. (AP) — Mississippi Commissioner of Insurance Mike Chaney says a 60-day moratorium has been placed on the cancellation or non-renewal of some types of insurance in the wake of recent severe weather.

The moratorium applies to commercial property, homeowners, dwelling fire and commercial and personal automobile insurance policies.

Chaney’s news release, issued Monday, says the moratorium is not automatic: To be eligible, policyholders must contact their carrier and request the extension; they also must have suffered significant property damage, injuries or related loss of life as a result of the storms of April 15 or April 27.

Copyright 2011 The Associated Press.