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Through the partnership, First Insurance Company of Hawaii is now the first insurance company in Hawaii to be able to provide immediate relief to its customers in the event of an emergency.
In the event of a hurricane or other major disaster, First Insurance policyholders may be eligible to receive funds to cover their immediate needs. Traditionally, the practice has involved issuing a check to a policyholder. The problem with that is in many natural disasters there is nowhere for the policyholder to turn to cash their check. By using the InsurCard Visa Prepaid Card, issued by The Bancorp Bank, First Insurance Company of Hawaii can provide immediate relief to its valued policyholders.
"We believe providing a branded card to our policyholders when they are in need will greatly simplify a very difficult situation for them. The catastrophic relief card from InsurCard gives our policyholders immediate access to make purchases and simplifies their lives when they are in turmoil," said Ben Bondroff, Vice President - First Insurance Company of Hawaii.
"InsurCard is thrilled to partner with First Insurance Company of Hawaii to assist in disbursing funds more rapidly in the event of an emergency. The insurance industry is a unique fit for prepaid cards because the card can greatly expedite the claims process," says J. Robert Mendte, President - InsurCard.
The card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. The Bancorp Bank; Member FDIC.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
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