Pie Insurance customers in Florida and Wisconsin may qualify for a yearly dividend.
A dividend is a yearly payment made to our customers who meet specific eligibility requirements. Dividends are never guaranteed and are subject to the approval of the Board of Directors of SiriusPoint America Insurance Company.
Yes, when the policy was issued, your client received an email that detailed all requirements to qualify for the dividend.
In order to qualify for a dividend, customers must meet all of the below requirements:
If your client qualifies to receive a dividend, it will be calculated six months after the policy expires and paid within the next 90 days. For example: If the Board of Directors approves a dividend, a policy effective on 6/15/2020 expires on 6/15/2021, so Pie will calculate the dividend on 12/31/2021 (the last day of every month) and would have until 3/31/2022 to process and issue the dividend.
Once a dividend is declared, all customers who may be eligible will receive an email from Pie Insurance stating whether or not they will be receiving a dividend. Customers who do qualify for a dividend should receive a physical check within two weeks.
