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COVID-19 Update
As you are aware, our Personal Insurance Carriers have begun issuing premium credits on their automobile policies due to the greatly reduced usage of vehicles. Please refer below to your appropriate Insurance Carrier in order to determine your discount:
| AIG | 25% credit for the months of March and April |
| BerkelyOne | 20% credit for April and May |
| Chubb | 35% credit for April and May |
| PURE | 15% credit for the period of time from the start of stay at home orders until they are lifted |
| Plymouth | 25% premium credit effective April 1st until guidelines are lifted. You will have the option to receive the credit or donate it to several charitable organizations. |
| Hanover | 15% credit for April and May |
| Hartford | 15% credit on two months worth of premium |
| Progressive | 20% credit for April and May |
| Travelers | 15% credit for April and May |
| Safeco | 15% credit for April and May |
| Cincinnati | 15% credit for April and May |
| Vault | 15% credit for April and May |
We will update this as information is available. As always, our professional staff is available to answer your questions.
Business Income/Business Interruption Insurance information for our clients
We have received several inquiries regarding the availability of business income/business interruption coverage for our clients who have been impacted by the COVID-19 virus. To that end, we are happy to walk through your insurance policy and review the coverage. Although it does appear that the virus exclusions on these policies would preclude coverage, we are requesting that our Insurance Carriers provide us with more definitive determinations.
In addition, the New York Department of Financial Services has mandated that every New York Insurance Carrier provide an explanation to every policy holder the coverage as it relates to COVID-19 both now, and as the situation changes. These letters will be going out shortly, and we expect all other states to follow suit.
Our firm has been tirelessly advocating and will continue to advocate for our clients through this crisis. We will submit claims on our client’s behalf, follow up, and will explore other avenues to assist. Please contact us with any questions.
About Mogil
The Mogil Organization has provided innovative risk management solutions and sound financial planning for individuals, families, business owners and corporations since 1957.