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COVID-19 Insurance Relief Update: Unica Insurance
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Unica Insurance is providing a one-time premium refund for its auto insurance customers as part of its COVID-19 crisis relief package.
Private passenger car policyholders will automatically receive the refund retroactive to April 1. The rebate is equivalent to a 15% refund over three months’ worth of premium payments. More details on the timing and method of payment to customers are forthcoming.
A subsidiary of La Capitale General Insurance, Unica will also allow deferrals on premium payments on a case-by-case basis, and it is waiving non-sufficient fund fees for all customers until further notice. Unica car insurance customers can temporarily suspend coverage on their vehicles if they are not driving at all. Taking that route, though, means you cannot drive your vehicle for any reason since driving without insurance is illegal.
“We are in unusual and unprecedented times,” says Dave Smiley, CEO for Unica Insurance in a press release. “So, it’s important that we take a step back as an organization to focus not just on our responsibility to our mutualist members, but how we can best support our broker partners, policyholders, employees and our community. In times like this, business-as-usual does not apply — we need to focus on good corporate citizenship and to demonstrate the values we have long held as a people-first company.”
Unica customers are encouraged to contact their broker or visit the company’s dedicated COVID-19 relief webpage for more information.
To see what measures your insurance company, mortgage lender, or credit card issuer is providing, visit the Rates.ca COVID-19 Insurance and Financial Relief page.
RATESDOTCA Team,
The RATESDOTCA editorial team are experienced writers focused on sharing stories and bringing you the latest news in insurance and personal finance. Our goal is to provide Canadians with the information and resources they need to make better insurance and financial decisions.
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