Insurance Bureau of Canada reminds consumers to be prepared for severe summer weather

Toronto, ON (Aug. 5, 2016) – In many parts of Canada, August means high temperatures and severe summer weather. Severe storms with hail, lightning, strong winds and heavy rain are unpredictable and can strike quickly with devastating results. Insurance Bureau of Canada (IBC) reminds Canadians to be aware and take action to prepare for potentially damaging storms.

“We know that violent summer storms are occurring more often, in more parts of the country, and with greater intensity,” said Kim Donaldson, Vice President, Ontario, IBC. “Given these trends, it is vital for people to understand their policies, to talk to their insurance representative, and to take steps to protect their families, properties, and vehicles.”

Insurance Coverage

Talk to your insurance representative to make sure you have appropriate coverage.

  • While pre-existing damage is not covered, damage to homes caused by storms is usually covered under most home insurance policies. This includes damage caused by flying debris or falling branches or trees, or damage to your home and contents from water entering through openings caused by wind or hail.
  • Comprehensive auto coverage isn’t mandatory, but if you have purchased comprehensive or all perils auto insurance, damage to vehicles from wind, hail, or water is usually covered, so check your policy.
  • Policy wordings vary so it’s best to check with your insurance representative to be certain whether storm damage to mobile homes or trailers may be covered.

IBC tips for starting the claims process

  • Call your insurance representative or company. Most insurers have a 24-hour claims service. Be as detailed as possible when providing information.
  • List all damaged or destroyed items. If possible, assemble proofs of purchase, photos, receipts and warranties. Take photos of damage incurred and keep damaged items, unless they pose a health hazard.
  • Keep all receipts related to cleanup and additional living expenses if you’ve been displaced by insured damage. Ask your insurance representative about what expenses you’re entitled to and for what period of time.
  • Review your policy to ensure you are familiar with specified deductibles and coverage limits. Talk to your insurance representative if anything is unclear.

“Be sure to speak with your insurance representative before a severe storm strikes to make sure your policies are up to date and serve your particular needs.” added Donaldson.

About Insurance Bureau of Canada

Insurance Bureau of Canada (IBC) is the national industry association representing Canada’s private home, auto and business insurers. Its member companies make up 90% of the property and casualty (P&C) insurance market in Canada. For more than 50 years, IBC has worked with governments across the country to help make affordable home, auto and business insurance available for all Canadians. IBC supports the vision of consumers and governments trusting, valuing and supporting the private P&C insurance industry. It champions key issues and helps educate consumers on how best to protect their homes, cars, businesses and properties.

SOURCE: Insurance Bureau of Canada