Insurance claims resulting from tropical storms in August expected to reach over $5.8 million



    Consumers reminded overland flooding not covered by insurance

    HALIFAX, Sept. 12 /CNW/ - Canada's home, car, and business insurers are
showing its commitment to policyholders in Newfoundland and Labrador in the
wake of tropical storms that hit the province at the beginning of August and
caused an estimated $5.8 million in insured damages.
    "Insurers are responding quickly to residents' claims," states Don
Forgeron, Vice-President, Atlantic, Insurance Bureau of Canada (IBC). "In
fact, many policyholders have already received their claims payments."
    IBC reminds residents that while windstorm damage is covered by
insurance, overland flooding is not.
    "However, some storm damage may result from sewer backup," Forgeron says.
"This type of damage would be covered for residents who purchased sewer backup
coverage as an add-on to their homeowner's policy." He also noted that damage
to vehicles from flooding is generally covered by the comprehensive portion of
an auto insurance policy.
    Forgeron urged residents to contact their insurance representatives to
confirm what coverage they have.
    Additionally, consumers are encouraged to contact Insurance Bureau of
Canada's Consumer Information Centre at 1-800-565-7189 for more information.

    Insurance Bureau of Canada is the national trade association of the
private property and casualty insurance industry. It represents more than 90%
of the non-government home, car and business insurance in Canada. To view news
releases and information, visit the media section of IBC's website at
www.ibc.ca.




For further information:

For further information: James Geuzebroek at (416) 362-2031, extension
4364


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