Homeowners insurers in recent years have done a better job portraying coverage as a value sale, evidenced by increases in consumer satisfaction with policy offerings, according to an insurance expert with J.D. Power & Associates
Category: Home Insurance
This month marks the 10th anniversary since Hurricane Juan hit Nova Scotia and Prince Edward Island on September 28, 2003. To mark this event, Insurance Bureau of Canada (IBC) reminds Canadians of the importance of taking preventive measures aimed at minimizing the impact of natural disasters.
unanimously agreed Canada will see more such disasters due to intense rains caused by climate change, making comprehensive flood insurance unavailable to homeowners.
“Burglars target unoccupied homes that provide easy access to the house and low visibility,” says Patricia Stirling, BCAA director of Insurance Underwriting. “These conditions are most common during the summer vacation period making many homes easy targets for thieves.”
Preliminary insured losses released in the most expensive natural disaster in Ontario history.
If you suspect that you may be a victim or target of a scam or fraud, you are not alone and you can help put an end to the scam or fraud by reporting it.
One policyholder was convinced that her housekeeper had damaged a 12-piece collection of paintings by a very prominent artist.
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.”