Are the risks inherent to COVID-19 covered by the insurance policies?

  • COVID-19 and the official pandemic declaration by the WHO is a novel situation, so you should carefully review your insurance policy to understand whether related insurance claims correspond to risks covered by the policy.
  • It is important to check if there are no exclusions that would exclude you from the scope of the coverage. Exclusions can be more or less detailed, with more concrete or more general reference to diseases, epidemics or pandemics. It is important to consider how the terms used intersect with the guidelines issued by the WHO and other official health authorities.
  • A detailed analysis of the policy conditions is also essential to assess the deadlines and contents for notifying the insurance company of the claim, as well as the means of proof required for exercising your rights.

Are there any temporary measures applicable to insurance agreements?

  • In view of possible difficulties in the regular performance of obligations and payment of insurance premiums due to the restrictions arising from the COVID 19 pandemic, the period for automatic termination of insurance agreements in the event of failure to pay the premium by the due date has exceptionally been extended from 15 to 60 days. During this period, the insurance agreement and guarantees remain fully in force.
  • his regime covers the continued receipts of premiums with a starting date of coverage between the date of publication of Decree-Law 36/2020, of 28 March 2020 (implementation decree issued by the Government following the declaration of the state of emergency) and 30 September. Decree-Law 43/2020, of 16 April 2020, exempts any policyholders under these agreements who fail to make the payment within the new deadline provided for in the derogation regime from paying default interest.



This information is being updated on a regular basis.

All information contained herein  and all opinions expressed are of a general nature and are not intended to substitute recourse to expert legal advice for the resolution of real cases.