COVID-19: Insurance Implications

Property coverage
The Property policy includes Loss of Income coverage, which provides coverage for your ongoing and extra expenses, but only following a covered property loss. For example, if you would have a pipe burst that would cause you to have to remove several women from their assigned rooms. If they were required to find alternate housing on their own, the policy would provide that lost income. More commonly, especially for a short term, the House Corporation would find alternative housing, such as at a local hotel, and the policy would pay the difference between what the women are already paying for and the cost of the hotel.

However, the policies require that property loss trigger before they provide payment. Unfortunately, there isn’t any coverage in the policy for the situation in which we now find ourselves, with the concern of COVID-19.

Related: This is a good time to review your housing and employment contracts to see if/how unexpected house or university closings are to be addressed. See our resource for future housing agreements.

We do recommend as a general best practice during this time that you consider suspending mandatory meeting requirements. This may be an inconvenience, but there is nothing more important than the health and well-being of your members, employees, and volunteers.

Should you have additional questions, feel free to contact your Client Executive.

Frequently Asked Questions

Our COVID-19 related FAQs can be found here. We also addressed many of your specific questions in this webinar.

Do you have a COVID-19 question? Please submit your questions to Sara Sterley, and we will add them to this resource.