-TD Insurance challenges Canadians to test their insurance savvy when it
comes to the winter elements-
TORONTO, Feb. 10 /CNW/ - Is a homeowner responsible if someone slips on
ice and is injured on their property? Are you covered if your water
pipes burst and cause damage to your home? When it comes to protecting
your home and your family, there's a big difference between thinking
you're covered by your home insurance and knowing that you are.
"Canadians need to be aware of how winter weather can affect their homes
and what they should do to protect themselves," says Henry Blumenthal,
Vice President and Chief Underwriter, TD Insurance. "Without proper
maintenance, winter weather can wreak havoc on homes and if you're not
sure about what your home insurance covers, it can also create
headaches for homeowners. Jack Frost nipping at your nose may be the
least of your problems. "
Homes are particularly vulnerable to damage in the winter due to
freezing water. It can be responsible for everything from burst water
pipes to cracked masonry and as winter temperatures go up and down, the
roof can also be susceptible to damage from shifting ice and snow. "No
one likes dealing with issues that accompany owning a home - especially
ones that could have been avoided," says Blumenthal. "Taking some time
to fix trouble spots protects the value of your home and can save you
money in the long run. Not to mention that maintaining your house
properly reduces the likelihood that you'll ever have to make an
"The good news for homeowners is that some of the most common home
insurance claims during the winter months are one hundred per cent
preventable with proper home maintenance," adds Blumenthal.
To help ensure you're covered this winter, TD Insurance offers the
When in doubt, ask. Whether you 're confident or are completely unsure about what your home
insurance policy covers, speaking with an expert gives you the peace of
mind of knowing what you're protected for.
Check winter incident hot spots. Vulnerable exterior spots include your roof, walls and obstructions that
could prevent melting snow from draining away from the house. Inside
your house, your heating system and pipes should be your biggest
Make sure your home is well insulated. In addition to saving you money on your heating bills, ensuring your
attic is well-insulated and well-ventilated will prevent ice dams from
forming on your roof. Without the right insulation, ice can accumulate
on your roof, forcing water into your home because it has nowhere else
Deal with issues before they become problems. It's always better to deal with potential problems sooner rather than
later. Not addressing issues right away can cause further damage to
your home or property, and additional problems caused by not properly
maintaining your home may not be covered by your insurance policy.
TD Insurance developed the following quiz to help Canadians dispel some
of the home insurance myths related to the winter elements.
TD INSURANCE WINTER INSURANCE MYTHS QUIZ
True or false? I have home insurance, so any damage to my home caused by
winter elements will be covered.
If the damage could have been prevented by proper maintenance, your
policy won't cover you. For example if your detached garage isn't
heated and your pipes freeze.
True or false? If I leave my home for more than 3 - 4 days, and my pipes
freeze I am liable if no one has been checking my house.
If you plan to be away for more than four days, turn off your water or
arrange for someone to come by regularly to make sure the heat is on.
Pipes freeze easily during cold weather especially when vacationers
turn their heat off and you could be on the hook for any resulting
True or false? Furnaces, boilers and chimneys should be serviced at
least once a year to prevent fire and smoke damage.
Because heating systems are typically not used for months at a time,
it's important to make sure they're working properly before turning
them on. Malfunctioning heating systems within your house during the
winter months can result in smoke damage or cause a fire.
True or false? If someone slips and hurts themselves on my property as a
result of a slippery walkway or stairway, they can make a claim against
Under most circumstances, this will be covered by your home insurance
policy, but it is always best to prevent accidents if you can. Make
sure you clear your walk and salt - not only is it neighbourly, but it
can help avoid injuries.
True or false? If an icicle hits my car and damages my windshield, I can
file a claim against the property owner.
This type of damage would actually be covered by your auto insurance
policy however it's still important for the property owner to maintain
their building properly. While it wouldn't be you filing the claim,
your auto insurer could seek recoveries for the damage if they felt the
building owner was negligent.
True or false? The number of home insurance claims increases in the
Most home insurance claims occur in the summer because of damage caused
by rain and wind however winter weather still causes a significant
number of losses due to major water damage and fires.
Give yourself one point for every right answer.
If you scored 5 or 6: Congratulations! You have a good understanding of how you can help
prevent unnecessary chills and spills during the winter months. You're
clear about your responsibilities when it comes to the winter elements
and your home. Remember it's important to take the proper precautions,
including reviewing your home insurance policy when the winter months
hit to ensure you stay in the know and out of the snow.
If you scored 3 or 4: You know the basics, but there are a few learnings that will help you
ensure it's not just the ground that's covered this winter. Your
insurance provider can bring you up to speed on your liabilities, so
you can take the proper steps to avoid making unnecessary claims.
If you scored less than 2: Dispelling myths about home insurance related to the winter elements
can often be complicated. To help you understand what you're liable for
and that you have the right coverage for your needs, you should contact
your insurance provider. They will be able to review your policy and
ensure you have the right coverage. You'll then be in good shape to
take the proper steps to prepare.
About TD Insurance
TD Bank Group's insurance companies and operations carry on business
under the TD Insurance brand. TD Insurance offers a wide range of
products to help protect clients from the 'accidents of life' including
credit protection, life, health, travel, home and auto insurance. With
more than three million clients, TD Insurance authorized products and
services are available through a network of more than 1,000 TD Canada
Trust branches, the Internet and telephone. The TD Insurance brands
include TD Insurance Credit Protection and TD Insurance Life and
Health, which are the number one provider of critical illness insurance
and direct life and health premium origination in Canada. And through
its TD Insurance Meloche Monnex and TD Insurance Home and Auto brands,
TD Insurance is the largest direct-response insurance group in the
country. For more information, visit www.tdinsurance.com.
SOURCE TD Bank Group - Insurance
For further information:
Karen Williams / Laura Ballantyne
Paradigm Public Relations
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