What does the Strike/Labor Dispute Waiver of Premium mean?
A. If an insured is in 1) a lawful, authorized strike by a union or 2) is locked out as a result of a dispute between the union and an employer, the insured doesn’t have to pay premiums for up to one year on this coverage. The insured must provide written proof of strike or lock out before the wavier of premium begins. It can be a note from the union or a note from the insured with a newspaper article verifying the sanctioned or forced work stoppage.
A. If an insured is 1) in a lawful, authorized strike by a union or 2) locked out as a result of a dispute between the union and an employer, or experiences an involuntary layoff, the insured doesn’t have to pay premiums for up to 3 months on this coverage. May not be available in all states or for all unions.
