Burnaby Heights Community Charity Garage Sale
- Dates: 24 – 24 Aug, 2019
- Where: Reliance Insurance, Hastings Street, Burnaby. Located just off Gama Avenue.
- Address: 4853 Hastings Street
Join us in our community charity Garage Sale on Aug 24, 2019 from 11 AM – 3 PM.
Need an easy way to reuse, reduce, recycle? Help us support Bridges to Community.
- Donate slightly used, in good condition household items by Aug 20, 2019 at the Reliance Insurance front desk.
- Join us for a fun filled day. Get to know your neighbors at the Bridges to Community garage sale.
- Prize draws throughout the day.
Proceeds go to Bridges to Community Canada and any unsold items will be donated to Helping Families in Need Society.
What type of insurance coverage is available for COVID19?
The questions center around a possible shutdown of business due to quarantine or Government actions to prevent the spread of the virus and whether or not there may be coverage available for lost profits, employee wages, etc.
The short answer is no. An insurance policy on property insures property and not the health and wellbeing of persons.
What does business interruption insurance cover?
Business interruption loss, which insurers a business’s profits, is only triggered and can pay when a risk insured against (or peril) occurs and is covered under your policy of insurance. Perils such as fire, water damage are typical losses which, if covered, trigger business interruption loss coverages.
Although unfortunate for most businesses should they have to shut down because of this current COVID 19 health situation, this is not insurable. However, recent announcements from our Canadian Federal Government will provide some relief for employees and businesses with $1,000,000,000 being made available for this initiative. More details will unfold over the next days and weeks on this.
Northbridge updates coverages
With the declaration of COVID-19 as a pandemic by the World Health Organization, current policyholders with Outbreak Extra Expense under our Commercial Property and Business Interruption forms are now eligible for this coverage, subject to terms of this wording. This provides coverage for extra expenses only; it does not cover income loss. There is a $10,000 default policy aggregate.
If an emergency declaration is made by a Canadian public authority, and if you’re unable to reach customers who have been directly impacted by the pandemic outbreak and whose policy expiry date is approaching, we will “hold covered” on policies in force at the time of the declaration. This emergency declaration will be considered underway until we advise otherwise. A coverage extension will be read in for impacted customers, subject to terms of this wording and the limits and coverage in force at the time the declaration was made.
In the meantime, please take every precaution to control the risk and avoid exposure. There are many, many websites such as Health Canada that provide such information. We urge you to seek out information.
Reliance Insurance supports clients across Canada through a national network of offices and globally through our broker network partners.