Get ready to give notice to your insurance in April. If you are
an insurance broker, you're going to be busy. Here is a brief
explanation and five reasons why policyholders should put their
insurance on notice now.
April is the big month because most COVID-19 losses commenced in
March. After taking necessary precautions and other immediate
actions following the coronavirus outbreak, then following orders
to shut down nonessential businesses, policyholders are now
assessing their business options and making insurance claims. Many
will feel obligated to make claims now because of policy provisions
that demand notice be given within an abbreviated timeframe
following a loss. But everyone should do so and here are five
reasons why:
