Insurance Companies and Brokers are committed to supporting our customers during these difficult times. Many people are suffering financially at this time and may not be able to make their insurance payments. With that in mind, Ontario Insurers have committed to payment flexibility including payment deferrals, waiving NSF fees and in some cases suspending cancellations and nonrenewals.
If you are having financial difficulties and are unable to pay your premiums due to the COVID-19 situation, please give us a call to let us know. We are working hard to ensure that our customers have alternative payment options to fit their circumstances.
Most Insurance Companies are dealing with payment issues on a case by case basis.
Premium Reduction Programs:
Insurance companies know that many of you are doing your part to help stop the spread of COVID-19 by staying home. This means many of you are driving less, resulting in a decrease in auto claims.
In order to offset some of your auto insurance expense, most companies are offering reduced premiums for those not using their vehicles to commute back and forth to work at this time and/or have reduced mileage considerably.
If the use of your vehicle has changed due to COVID-19, please give us a call to see how we can help you reduce your premium.
Several companies in Ontario are issuing mailed rebates to their auto insurance policyholders. If you are a policyholder with either Gore Mutual Insurance or Travelers Insurance you can expect to receive a rebate payment.