0
Renting your home can be lucrative, but are you ready for tenants from hell?
“They were just brutal,” the Hamilton resident said. “They destroyed the place. It had to be repainted, things were broken. They didn’t care.”
Category: Home Insurance
Yukon Is First Jurisdiction in Canada to Require Carbon Monoxide Detectors in Residences
By tyson on May 06, 2013 in Home Insurance
“I am very pleased to see this leading edge legislation passed, which put simply, will save lives,” Community Services Minister Elaine Taylor
Are Canadians ‘reno ready’? Majority of homeowners do not consider insurance implications before renovating
TD Insurance survey shows homeowners don’t have all the facts on home renovations.
Renovation or relocation: IBC offers insurance tips to homeowners
As Canadian homeowners revive their homes after a long winter, the Insurance Bureau of Canada (IBC) says it’s a great time to think about home insurance
Annual review of New Brunswick insurance finds auto rates are down but home premiums are rising
New Brunswick’s Consumer Advocate for Insurance has released his annual report for 2012 and noted that while auto insurance rates are slightly falling, rising home insurance premiums are concerning. In its eighth annual report, the Consumer Advocate for Insurance Ronald Godin noted that New Brunswick’s auto insurance market experienced “continued stability and availability,” with another [...]
Manitoba municipalities offering homeowners up to $3,000 to install sump pumps, pits and backwater valves
By ILSTV Staff on Apr 16, 2013 in Canadian Government, Home Insurance, Natural Disasters, Risk Management
“The threat of flooding has become an all too frequent reality facing Manitoba families and municipalities. That’s why the provincial government is helping more families protect their homes, by extending and expanding the Municipal Sewer Backup Subsidy program”
Average cost of water damage claims rose 117% from 2002 to 2012
BC and Ontario have seen the highest percentage in the average cost of a water damage claim over the last ten years
Delayed fire detection a factor in fatal Ontario house fire
By ILSTV Staff on Apr 04, 2013 in Home Insurance
The OFM says the delay in the detection of this fire can be attributed to two factors: first, the lack of a smoke alarm on the main floor, and two, while there was a security/fire alarm system in the home that provided coverage for the second storey and basement; this system’s wiring ran through the main floor laundry area where the fire originated.
Tips to avoid water damage at home
The Canadian insurance industry paid out $1.7 billion in claims in recent years due to water damage, says Insurance Bureau of Canada
‘Live bedroom burn’ demonstrates space heater risks
Space heaters account for an average of one-third (32 percent) of home heating fires and four out of five (80 percent) of home heating fire deaths
Not all Baby Boomers looking to downsize
Single-family homes remain the most popular property type among both Baby Boomers and Generation Y, according to Royal LePage survey
Indoor hailstorm investigates typical damages, building standards
The Insurance Institute for Business and Home Safety (IBHS) ran a full-scale test to determine the effect of hail on buildings in a move it says could lead to better building standards and reduced property insurance losses
Urban flooding in Canada: ICLR report examines retrofit programs, code interpretation and bylaws
By ILSTV Staff on Feb 19, 2013 in Canadian Insurance, Home Insurance, Natural Disasters, Risk Management
ICLR study reveals that backwater valve building/plumbing code wordings are interpreted differently across the country, though there is greater interpretation consistency in some regions than in others
Home renovations and insurance: a reminder from Square One Insurance
“[A]ll policies have provisions that may limit the coverage you receive. To ensure you are properly protected, you should notify your insurance provider of even the smallest renovation to your home.”
Insurance company using thermal imaging cameras to ID potential home hazards
By ILSTV Staff on Jan 25, 2013 in Home Insurance, International Insurance, Risk Management, Software & Technology
The forward looking infrared (FLIR) cameras help identify plumbing leaks, moisture intrusions and potential issues in electrical systems before they have a chance to cause significant problems to homeowners, and can often spot the issues before there is any visual clue that something is wrong
Apple products on wish list for consumers and thieves this holiday season
Aviva claims data shows that thieves are more likely to strike on December 31 than over Christmas
The Co-operators introduces insurance discount for homes with fire sprinklers
“Fire sprinklers really should be included in all new houses as they’re being built,” said Kathy Bardswick, President and CEO of The Co-operators. “We know that they make a home much safer, and that is what our discount acknowledges.”
Homeowner liabilities in the holiday season
“What if someone slips and falls, requires medical attention, or has too much to drink, then drives, and causes an accident? These situations are unpleasant to think about when planning a party, but homeowners should always make sure they are prepared for worst case scenarios.”
Preparing and maintaining wood-burning units for winter use
By ILSTV Staff on Nov 16, 2012 in Home Insurance
“While wood-burning units offer a host of benefits, homeowners should also be aware of the dangers associated with these devices and take the necessary precautions to avoid injuries and property damage.”
