Insurance claims are expected to rise following a deadly storm that swept through Ontario and Quebec on Saturday.
Posted yesterday at 5:24 p.m.
The storm killed at least 10 people and deprived about 900,000 homes of electricity – power had still not returned to 281,000 subscribers early Tuesday morning, and two Ontario communities were in a state of emergency.
According to Insurance Bureau of Canada’s Director of Consumer and Industry Relations, Anne Marie Thomas, it is still too early to predict the value of insurance claims, but home, auto and business insurance will play a role. key role in recovery.
Roofs, fences, cars and food loss will likely make up the bulk of home insurance claims, with additional living expenses, such as hotel stays, also covered by some plans when families must temporarily leave the damaged properties.
Mme Thomas pointed out that extreme weather continues to highlight the cost of climate change to insurers and ratepayers.
Bad weather caused $2.1 billion in insured damage last year, according to the Insurance Bureau of Canada, in part due to November floods in British Columbia and summer hailstorms in Calgary.