As announced in a press release, IBC members are committed to supporting and assisting their insureds during the COVID-19 crisis. Here are the most frequently asked questions related to insurance issues since the beginning of the pandemic as well as the answers to these questions.
Under the present circumstances, IBC member insurers have undertaken to make their policyholders’ lives easier by offering them various payment options, or allowing them to defer their payments.
Contact your insurer to see what arrangements can be made.
Your insurer must send you a notice before cancelling your insurance policy. Because of the current exceptional situation, a number of insurers have decided not to cancel insurance policies for non-payment, but you should inform your insurer immediately.
Contact your insurer to see what arrangements can be made given your situation.
If the use of your vehicle has changed significantly, you can get a reduction on your auto insurance premium.
Contact your insurer to find out about the terms and conditions.
Your auto insurance premium is based on how many kilometres you travel every year and what use you make of your vehicle.
It’s important to contact your insurer to have your policy adjusted if you’re now using your vehicle to go to work.
Before you cancel your insurance policy, you should think about the financial consequences of a loss. Talk to your broker or insurer about your situation to look at possible arrangements and make the right decision under the circumstances.
If you own your vehicle, you’re required to have mandatory liability coverage. It’s the law. And, if you took out a car loan, you may be required to maintain certain coverage.
Not automatically. We recommend that you contact your insurer to discuss the terms and conditions, depending what you use it for.
The employer is responsible for insuring the professional equipment it makes available to its employees.
Not automatically, since your home was insured for your personal activities and not to earn an income. Talk to your broker or insurer about the new use of your apartment to make sure you’re covered.
Updated February 22, 2021