COVID-19: What does this mean for your insurance?

Although we understand how this might be impacting families financially, it is importantly to note that off-loading coverage to your most expensive and valuable assets are NOT the ideal method of financial cutbacks. See our article on “Ways to Save during COVID-19” for more information on how you can save without compromising your protection.

For individuals in emergency situations, Insurance companies have not yet released any policies which we are aware of which will offer any temporary relief. If you require advice on how to better manage your coverage, or how to substitute for coverage which might be more affordable, please contact your broker or call one of our licensed specialists at 1-855-482-5001 and someone can offer some one-on-one policy management.

It is important for us to all realize we are all together in this. Sometimes drastic changes can result in even more complicated results. As such, make sure you utilize the advantages of having a broker by your side.

Risk Management is our business, and ensuring that we adopt, practice, and recommend how Canadians can properly protect themselves is our commitment. Although it is our belief that all measures and means thus far to contain the spread of the virus is temporary, no one can establish how long this might be. Before panicking, it is important to note, accidents can still happen. Whether they be intended or unintended, insuring yourself and your property from liability or damage is not a convenience it’s how we protect our families.

Were here to assist with:

Claims Advice/Support – unbiased representation when managing your loss with your insurance company, and making sure you get what you deserve after sustaining a loss.

Coverage and Renewal Review – ways to save and where your premium is going.

Policy Management – making changes can be difficult. Especially during these unusual times. Having a broker that can respond immediately and relay the necessary information to your insurance company to help take prompt action can help save you from being without coverage or spending money you shouldn’t have to.

Portfolio Management – sometimes we can go years without having someone recommend alternatives. Insurance is an evolving space, with new products, protections, and options available every day. Speaking with a professional can help you determine whether your policies are outdated, or options which can offer better protection or cost savings. Whatever you’re looking for, a My Insurance Broker professional can help!