Blog

27 Apr, 2020
0 Comment

Commonwell Mutual COVID-19 Rebate – April 24, 2020

The Commonwell Mutual Insurance Group has announced their strategy to help clients manage their insurance costs during the COVID-19 crisis.  They have introduced insurance rebate options to help customers for both Home and Auto insurance.

-Pay It Forward Rebate:  As a community insurer, The Commonwell is stepping forward to help our communities in a time of challenge that is affecting all of us. Our “Pay it Forward” initiative stems from the fact that we have been able to carry on business as an essential service while others have not. It recognizes that while we can’t fix all problems, each of us, through individual decisions and individual actions, can make a difference.  Every household with a personal policy with The Commonwell will receive a $100 rebate cheque during the month of June..

-Price Freeze & New Discounts for Home Insurance:  The Commonwell has introduced some new discounts to provide a more competitive rate to their long term policy holders. This includes increasing the Multi-Line discount from 5% to 10%! They have also announced a price freeze for home insurance renewal rates.

Reduced Premiums Based on Usage: If you are no longer commuting, or driving your vehicle for your business, we can update your policy to “pleasure only” during this crisis. The instant savings can be from 5-30%.

75% Rebate for Vehicles not driven 45 days or more: For customers that will not be driving their vehicles and wish to “park” their cars can add the OPCF 16.  To qualify, your vehicle must remain parked for a minimum of 45 days. The good news is that you qualify for an instant rebate of 75% off your car insurance. A form is required to be signed confirming that the vehicle will not be driven under any circumstance for the minimum 45 day duration.

Reduce Coverage to Fire and Theft: This is the ideal solution for clients with multiple vehicles in the household and only want to drive one car for the foreseeable future. We can remove all but Comprehensive coverage (aka Fire and Theft) on vehicles you choose to “park” in your garage or driveway. If there is a lien (financing) or lease agreement attached to your vehicle, you will need to obtain written permission from the finance company/lessor first. A condition of your finance arrangement is that Liability and Collision coverage be maintained at all times. This is the reason why we require their permission to reduce your insurance coverage.

If there is further breaking news, we will posting updates on our Facebook, Twitter, Instagram accounts and on our website. Please like and follow to ensure you are getting the most accurate and up to date information about your insurance.

 

Amanda May

Amanda began her insurance career in 2000. As a Chartered Insurance Professional (C.I.P.), Amanda is passionate about continued education for insurance professionals. Amanda teaches the Insurance Broker Licensing program through Durham College, and speaks about insurance related topics at B2B events.

Leave A Comment

The comments are closed.


Locations

Oshawa Office 110 King Street East
Oshawa, Ontario, L1H 1B6

Lindsay Virtual Office

  • 905-576-1367
  • Fax
  • 905-576-1367

Oshawa Office 110 King Street East
Oshawa, Ontario, L1H 1B6

Lindsay Virtual Office