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MORATORIUM - Hurricane Teddy
Effective September 19, 2020, the Property & Inland Marine Division is under a moratorium for the below Provinces:
Prince Edward Island
Newfoundland and Labrador
This moratorium impacts all Builder's Risk policies with coverage in the above Provinces. The following restrictions apply until further notice:
1. Coverage may not be bound for risks within these Provinces.
2. No changes may be made to existing in-force policies to add new locations / increase limits / add new coverages for locations in the impacted Provinces.
3. Any exceptions to this should be referred to your underwriter.
We will honor all outstanding extensions as quoted and/or expired terms. Any new business will not be bound in these Provinces until this moratorium ends.
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