TORONTO, Aug. 21 /CNW/ - Canada's home, car and business insurers urge
residents affected by tornadoes that touched down yesterday in southern
Ontario to check their homeowner's policy and contact their insurance
representative as soon as possible.
"Wind and hail damage due to tornadoes is generally covered by home
insurance," said Nikki Holland, Ontario Government Relations Manager,
Insurance Bureau of Canada. "Damage from objects that might have fallen onto
homes as a result of a tornado is covered as well."
Severe storms rolled across a large section of the province yesterday
evening generating multiple tornadoes and causing serious damage. One fatality
was reported in Durham, Ontario.
If you've experienced property damage as a result of the storms, you
should discuss your coverage and any deductibles with your insurance
professional as soon as possible. In addition, you should document all
property losses, in order to facilitate claims processing.
"In certain circumstances, homeowners who are unable to return to their
homes due to damage that is insurable are entitled to additional living
expenses, as well," Holland added.
Policies vary from insurer to insurer, but, in general, damage caused by
wind or hail, such as windows broken by falling trees or branches, is covered.
Water entering your home and damaging your property as a result of holes
caused by wind or hail is also usually covered. Water damage in a basement due
to a sewer back-up is covered only if a sewer back-up add-on has been added to
your policy. If you have comprehensive or all perils coverage on your car,
damage from wind, hail or water is usually covered.
Generally, any overland flooding that results in water seeping into
basements is not covered.
If consumers have questions, they are encouraged to contact IBC's Ontario
Consumer Information Centre at 1-800-387-2880 or 416-362-9528.
Insurance Bureau of Canada is the national industry association
representing Canada's private home, car and business insurers. Its member
companies represent nearly 95% of the property and casualty (P&C) insurance
market in Canada. The P&C insurance industry employs over 110,000 Canadians,
pays more than $6 billion in taxes to the federal, provincial and municipal
governments, and has a total premium base of $38 billion.
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, (416) 362-2031 ext. 4364