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Updated almost 5 years ago,

User Stats

276
Posts
84
Votes
Matthew T.
Pro Member
  • Investor
  • Springfield, MA
84
Votes |
276
Posts

Business income loss Due to Pandemic

Matthew T.
Pro Member
  • Investor
  • Springfield, MA
Posted

Received this from my insurance agent:

"To anyone experiencing a business income loss with an insurance policy in effect, due to the "Pandemic"

I suggest that it would be prudent to report a "Loss of Business Income" claim for each of your policies to your agent and state the loss is a result of the "Pandemic". Although this term is not excluded in the policy, there are many more hurdles to overcome within your specific policy language.

This is obviously going to be litigated over the next few years and who knows what that will bring, but if you do not report it in a timely manner to your agent or your insurance company, your outcome is certain - no coverage. "

Curious if anyone else is working on a claim?  Just submitted mine.

  • Matthew T.
  • Loading replies...