TORONTO, Oct. 29, 2012 /CNW/ - Insurance Bureau of Canada is following
developments related to Hurricane Sandy. Sandy has strengthened and is
on course to hit parts of Ontario tonight with strong winds and
drenching rain. IBC urges residents to prepare now for the storm.
"Hurricanes can leave a path of destruction impacting communities, the
safety of their residents and the protection of their property.
Individuals and families should prepare themselves now for the storm
with some simple precautions," says Ralph Palumbo, Vice President,
Ontario with IBC.
Some of these tips include:
For more information on hurricane preparedness view our YouTube video
Damage to homes is usually caused by wind or hail and typically such
damage is 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 suddenly
caused by wind or hail.
Damage to vehicles from wind, hail or water is usually covered if
comprehensive or all perils coverage auto insurance has been purchased.
This coverage is not mandatory, so check your policy.
In general, overland flooding resulting in water entering a home is not
covered. Overland flooding, which usually occurs when bodies of water,
such as rivers, dams and other watercourses, overflow onto dry land and
cause damage to residential areas, is usually not covered by insurance.
Water damage in a basement due to a sewer backup is only covered if
specific sewer backup coverage has been purchased. In certain
circumstances, homeowners who are unable to return home due to
insurable damage are entitled to additional living expenses.
If you have questions contact your insurance representative or IBC's
consumer information centre at 1-800-387-2880.
About Insurance Bureau of Canada
Insurance Bureau of Canada is the national industry association
representing Canada's private home, car and business insurers. Its
member companies represent 90% of the property and casualty (P&C)
insurance market in Canada. The P&C insurance industry employs over
114,000 Canadians, pays more than $7 billion in taxes to the federal,
provincial and municipal governments, and has a total premium base of
To view media releases and information, visit the media section of IBC's
website at www.ibc.ca and for IBC on Twitter follow @insurancebureau.
SOURCE: INSURANCE BUREAU OF CANADA
For further information:
For more information, or to schedule an interview, contact:
Media Relations Officer
Insurance Bureau of Canada
416-362-2031 ext. 4312