One policyholder was convinced that her housekeeper had damaged a 12-piece collection of paintings by a very prominent artist.
Category: Home Insurance
FSCO has been informed that a company or individual identifying themselves as “Sentel Insurance” has been placing phone calls to regulations(RBC) clients. The calls come from the phone number 587-880-4306, and ask for the recipient’s personal information for the purposes of offering identity theft protection insurance on behalf of RBC.
“By working with our policy holders and taking a close look at the damage to their homes, we’ve learned more about what can make a property vulnerable to damage caused by a wildfire. That’s why we encourage homeowners to take the time now, to practice good fire prevention measures.”
“Our government wants to help rebuild safer homes and stronger communities,” said Doug Griffiths, Minister of Municipal Affairs. “We have worked hard to find practical ways homeowners and small businesses can better protect their property from flood damage in the future.
Glenn McGillivray, managing director of the Institute for Catastrophic Loss Reduction, said increasingly dense cities, crumbling infrastructure and the changing climate are likely to increase weather-related losses over the coming years.
“With no guards on duty, they got into 200 safety deposit boxes, most of which had cash and jewelry in them.”
As many flood victims in Alberta found out last month and Toronto residents discovered earlier this week, most insurance policies do not cover damages caused by flooding when water comes into homes through doors or windows or what is called overland flooding.
Consumers should be calling their insurance representative to report their claims and start the clean-up process. Reach out to neighbours, particularly elderly and those needing assistance. Insurers are actively responding to customers to try to get life back to normal as soon as possible.”
You live in a home that was constructed to look like a Medieval castle, atop a Malibu mountaintop. A wildfire is approaching your home, and you have to evacuate immediately. What would you grab before you left?
The Government of Alberta does not regulate the claims handling process of insurance companies. The specific wording that each insurance company uses in their property insurance policies may be different from the wording used in other companies’ policies. It is important for you to review your own policy wording to understand what is covered and what coverage exclusions may exist.
Persuading young, healthy adults such as Lopez to buy insurance under the Affordable Care Act is becoming a major concern for insurance companies as they scramble to comply with the law, which prohibits them from denying coverage because of pre-existing conditions and limits what they can charge to older policy holders.
CALGARY _ Some flood-weary homeowners in southern Alberta have something to celebrate after their insurance companies had a change of heart about covering sewage backup claims. The basement of Joanne Aime’s house in Calgary was completely ruined by sewery water and the stress only got worse when RBC Insurance initially denied a claim for the [...]
Brown, muddy water swamped the Stampede grounds and filled the parade route at the height of the flooding. But cleanup and recovery are well underway and things are starting to get back to normal. Lifting the state of emergency less than 24 hours before the Stampede parade was meant to be a sign of that.
Many of the leading personal lines insurers have been selling direct to consumers for years and companies like GEICO and Progressive have risen to the top of the personal auto market. But commercial lines coverages have always been considered a different animal.
“It is disappointing. I was sick to my stomach. You think you are covered and then you find out that you are not,” Carter said Tuesday after his claim was rejected by AMA Insurance.
The federal flood insurance debate is the intersection where efforts to root out waste and abuse run into real-world impacts on people. The aim is to end taxpayer bailouts of the flood insurance program, even if the overhaul forces people from their homes, reduces real estate values and alters the fabric of communities.
“I picked up a mirror that was damaged, and asked for specific details,” says Kirkpatrick. “I’ll never forget: She tipped her head, looked at it, and said, ‘Oh, that was a wedding present from the Queen [of England].’ Then she paused and said, ‘I don’t mean the twit that’s there now; I mean the Queen Mum.’