Insurers are swamped with many
types of claims because of coronavirus,
as companies are losing money by
shutting down large-scale events and
businesses are shuttered.
Medical – Lost your Job? Income is down? Big
Subsidies NOW available to help you pay for Health
Insurance. If you had coverage prior to contracting
the virus, you are covered under your policy. If you
don’t have coverage, we can still get you covered if
you have not been diagnosed yet. Don’t risk everything
you have, get covered now. We are open and
issuing policies every day. Alternative plans pay you
cash for a diagnosis and every test, doctor, hospital
Event Cancellation – Event cancellations have
become a near-daily occurrence with the NBA,
NHL and MLB all suspending their seasons, the
NCAA cancelling its March Madness basketball
tournament, and Disneyland shuttering its doors
indefinitely. Event clients may have coverage if the
policy includes coverage for pandemics or communicable
diseases, but not if voluntarily cancelled and only if there
is a legal reason or it's physically impossible to hold an event
Business Interruption – Is when a company temporarily
shuts down. There are two types of coverage:
business interruption coverage — covers a policyholder's
losses from having to shut down abruptly,
and contingent business interruption, which kicks in
when losses result from the closure of a policyholder's
supplier. For both types to pay out, there must
be proof of a "direct physical loss" to a property —
for business interruption coverage, the policyholder's
property, or for contingent business interruption, the
supplier's property. If a property has been closed due
to fears of the coronavirus, but the building remains
habitable, the direct physical loss requirement won't
be met, and there is no coverage. If an infected
person has been inside of a property and physically
contaminated it, that may be enough to meet the
direct physical loss requirement for coverage.
Workers' Compensation – Insurers face claims
from workers who say they contracted COVID-19
while on the job. It’s hard to prove they got it on the
job unless they were a healthcare worker. However,
you may be eligible and should apply if:
• Your employer temporarily closes or goes out of
business because of COVID-19
• Your employer reduces your hours because of
COVID-19
• You have been told not to work because your employer
feels you might get or spread COVID-19
• You have been told to quarantine or self-isolate,
or live/work in a county under government-recommended
General Liability – Carriers may be exposed as
they face lawsuits over allegedly failing to protect
customers from the coronavirus. Princess Cruise Lines is
already being sued for improperly detaining (quarantining)
passengers who then got sick. A standard
exclusion is bodily injury from exposure to “pollutant”
or “contaminant” so insurers may not be liable.
Disability Insurance – Pays when you miss
work starting on day one for sickness. Very popular
Life Insurance – This should be a big wake up
call to make sure your family and loved ones are
protected. These virus numbers are growing exponentially:
>1.4 million people have been diagnosed,
>100,000 yesterday, >80,000 dead, >8000 people
died yesterday. >40,000 still serious. Once diagnosed,
it’s too late to get any coverage for anything. We are
here to help. It’s our job to tell your family they are
covered, and they don’t have to worry about finances,
Don’t make it our job to tell them you couldn't be
bothered to protect them.
Insurance Shops
246 Bustleton Pike • Feasterville, PA 19053
Don’t Enroll Yourself - Let our experts help you
215-613-4999
www.insshops.com
