The COVID-19 pandemic has brought with it a number of negative effects, including of course the physical and emotional toll on families directly affected by the virus. Beyond that, it has wreaked havoc on businesses, and resulted in millions of Canadians facing considerable financial hardship, either because they’ve been laid off, or possibly because of reduced hours during the pandemic.
There is a common misconception out there that “Acts of God” are never covered by insurance. This belief is founded in the history of insurance, and in fact there have been “Act of God” exclusions in many an insurance policy through the ages.
The reality is that in Canada today, insurance policies do not contain any references to Acts of God. Instead, Canadian insurance policies refer to specific “perils” that may be covered or excluded, depending on the policy. Perils that might be covered in an insurance policy include things like overland flood, lightning strikes, wind etc. As far as COVID-19 goes, if it is covered under any insurance policy, it would be under a peril called pandemics.
There is lots of news out there about insurance companies offering discounts and rebates to reflect a drop in the frequency and cost of claims. It’s true that insurance companies are doing their best to help their customers save during the crisis, but the maximum savings are only available by removing coverage, and that can be very risky.
When universities closed due to the coronavirus outbreak, tens of thousands of students who had been renting houses or apartments near school suddenly up and went back to their parents’ homes. If the crisis causes those properties to be vacant for more than 30 days, the owners Read more
Given the current environment around COVID-19, all non-essential travel is being cancelled for the time-being, and many Canadians are thinking about cancelling planned trips abroad even later in the year. Some have travel insurance, and some don’t. Read more
We’ve all watched the wildlife documentaries and know what happens when animals get separated from the herd.
Don’t do it we can hear you scream,
there’s a lion hidden in the grass!. Separation from the herd is extremely dangerous in the wild.
The COVID-19 pandemic is wreaking havoc all over the world, leading not only to severe health challenges and social isolation, but also financial and logistical problems related to closed offices and a badly struggling economy. During this time, it’s still best to keep all your insurance up-to-date, but Read more
As the coronavirus (COVID-19) pandemic continues to impact the health of Canadians, it is also having a substantial impact on many hundreds of thousands of businesses across the country.
With COVID-19 forcing many workplaces to close and others to find ways to protect their staff, a lot of us who have never worked from home are getting used to just that. The Mitchell & Whale team is now just about 100% remote, and as long as the Internet doesn’t fail, we should be able to conduct business as usual, for the most part.
The auto insurance industry in Canada shares information on claims through a system called Autoplus. When you call to shop for auto insurance, your broker will order your Autoplus report, in addition to your driver’s abstract, to verify the information you’ve given her/him during the call. If you’re not sure what they will find on the report, you can order it yourself, free of charge. If you disagree with anything in the report, you can challenge it.