Mackay Insurance Blog
COVID-19 Premium Relief for Auto Insurance Customers in Ontario
COVID-19 threw the whole planet a wildly unanticipated curve ball. Every industry has been impacted - some for the positive, but the majority for the negative.
For the most part however, it is individuals and families who have been hardest-hit by the pandemic.
From job pauses to outright losses, skyrocketing expenses with plummeting income streams, illness to the ever-looming threat of COVID-related fatalities, our stress levels and our bottom lines often feel inversely related.
Starting this quarter, some insurance companies are taking action to offer their loyal customers some relief.
At Mackay Insurance, we want to keep you informed about your options if you have fallen (or anticipate falling) upon financial hardship due to COVID-19.
This post has the latest auto insurance information!
Auto Insurance Companies Are Leading the Pack in Providing Premium Relief
We wish all insurance providers were as proactive and dedicated as the auto insurance industry in taking action to provide premium relief options.
Auto insurance Companies are stepping up to the plate and it is a welcome development.
As of this month, Intact Insurance is offering their customers one month of outright premium relief, due to COVID-19 related financial hardship.
It is also quite easy to qualify! Here is what you need to do:
- Download the Mackay Insurance free app (if you haven't done so already) and log in.
- You may also log in to your online account using any web browser.
- Select your auto insurance policy with Intact Insurance.
- Log in to your Intact Client Centre portal.
- Answer a single question to qualify for one month of auto insurance premium relief.
Additional Auto Insurance Companies Offering Relief Due to COVID-19 Financial Hardship
Exactly one year ago this month, we devoted an entire blog post to various COVID-19 related options you can pursue to reduce your auto insurance premiums.Many of these options are still on the table for the majority of our auto insurance customers.
Contact your Mackay Insurance broker to review your current Belleville car insurance coverage and explore options to reduce your premium payments.
As of this month, in addition to Intact Insurance, several other insurers have announced measures that may alleviate the financial burden of auto insurance coverage due to COVID-19.
Here are a few leading examples of how auto insurers are continuing to provide financial relief to customers in 2021.
Gore Mutual: the company continues to offer rate decreases and discounts. They offered a 1 time rebate of 20% reduction of 3 months premium as well as an overall 5% reduction
Economical: the company announced premium savings and a rate relief for eligible customers during the spring of 2020
CAA: the company announced a COVID-19 package that will provide more than $130 million in relief to customers impacted by the pandemic.
Western Assurance: that RSA will be implementing a rate decrease for Ontario personal auto customers on a temporary basis effective October 1, 2020 to June, 30, 2021 for 4%
To find out if your insurer is offering payment deferrals, skip-a-pay programs, additional discounts or incentives due to the continuing COVID-19 crisis, just contact your Mackay Insurance broker using any of the contact options you find on our home page.
Has Your Life Changed Due to COVID-19? Your Insurance Should Too!
Many of our Mackay Insurance customers have experienced minor or major upheavals to "life as usual" due to the ongoing global pandemic.
These are some of the most commonly reported life changes that may trigger a reduction in insurance policy rates and premiums as well as changing insurance needs:
- Became unemployed.
- Changed jobs or careers.
- Added a part-time job (in addition to an existing job).
- Started working from home.
- Started a small business (outside or inside the home).
- Changed driving habits.
- Kept seasonal cottage or property closed all year.
- Rented out your home and relocated to a new space and/or place.
- Sold a home and/or bought a home.
- Downsized living quarters.
- Divested assets such as rare, antique or collectible possessions.
- Welcomed a new family member (whether infant or elder).
- Added a new driver (whether partner or teen).
- Sold or acquired recreational property or vehicles (boat, RV, off-road vehicle, etc).
- Sold or acquired a vehicle.
- Became a homeowner or renter.
- Moved back home to live with extended family.
If you have recently experienced any of these or other types of life changes, it is definitely the right time to contact your Mackay Insurance broker to review your current insurance coverages.
In many cases, we are able to help our customers lower premium payments, take advantage of additional or emerging discounts, save with multi-policy discounts or family discounts and other money-saving strategies.
You won't know how you may save unless you ask!
Spring Means Cottage Season and Recreational Vehicle Use
It is true that our weather doesn't exactly feel like spring yet. But many of us are already starting to think about opening up our seasonal cottages and taking our seasonal recreational vehicles out of storage.
According to recent media reports, demand for seasonal cottage rentals is at an all-time high this year.
If you have plans to rent out your cottage and/or your recreational vehicles, or you plan to allow cottage tenants to use on-site recreational vehicles (including watercraft), you need to contact your Mackay Insurance broker right away.
In some cases, you may void your cottage insurance entirely if you are not carrying the proper coverages for longer-term or more frequent cottage rentals.
Your Mackay Insurance broker can review your coverages to better protect your cottage and vehicle investments.
Mackay Is Your Trusted Belleville Car Insurance Broker
Spring is a great time to review your current Belleville car insurance coverages and other insurance coverages, in order to make sure that you are taking full advantage of all available policy discounts - including COVID-19 related relief.
Get in touch with our Mackay Auto Insurance brokers by phone, or email us to schedule a virtual appointment. Ask us about our safe contactless insurance estimates, invoicing and payment options.