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.
Yes, when the policy was issued, your client received an email that detailed all requirements to qualify for the dividend.
The requirements to qualify for a dividend in Florida depend on the policy’s audited governing class code hazard group. In addition to the qualifications outlined for each hazard group, the customer must have completed the audit for that policy term in order to qualify. Reference these PDFs for the qualification requirements:
Dividend payment is made at the discretion of our underwriting team. In order to qualify, customers must meet all 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.
