COVID-19 Resources & News

Coronavirus & Insurance updates

The coronavirus/COVID-19 pandemic and related closures are leading to some very unique situations that could have unforeseen impacts on various types of insurance that Canadian families and businesses rely upon. The insurance industry is working hard to ease the concerns of Canadians, and we’ve compiled a number of resources here to help put Canadians’ minds at ease.

Please contact us at service@nullmitchellwhale.com if you have a question we haven’t answered, and we’ll do our best to get the answer for you. We’re adding new content every day, so check back here for the latest information.

Life After COVID-19: What Will It Mean for My Insurance?

It came upon us quickly, and lingered on long enough to change our lives indefinitely. Now a new (old?) normal is on the horizon, and that can mean changes that affect your insurance policies. Whether for your car, your home or your cottage, it’s important to make sure these policies are up to date while ensuring your premiums remain as low as possible.

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New normal
COVID-19 and insurance rates

How Will COVID-19 Affect Your Insurance Rates?

The coronavirus pandemic, in the short term, is having a downward impact on auto insurance rates in Ontario, but that’s mostly related to people not driving to work. In the longer term, say in the next 3 to 5 years, COVID-19 is likely to drive up insurance rates for everyone, especially for businesses, particularly because of large class action lawsuits against airlines, cruise lines, nursing homes, and insurance companies themselves.

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Mitchell & Whale service team nps

Taking Care of Our Customers During the Pandemic

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.

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Covid-19 act of God?

Is COVID-19 an Act of God?

Is COVID-19 an Act of God? For Insurance, It Doesn’t Matter

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.

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COVID-19 and auto insurance rebates

The Truth About Pandemic Auto Insurance Rebates

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.

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Air travel cancelled due to COVID-19

Effect of the COVID-19 Crisis on Travel Insurance

Planning Travel During The COVID-19 Crisis? Travel Insurance Implications

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

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Missed insurance payment on calendar - COVID-19 written into all months

Missed Payments During COVID-19

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

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