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Severe 2024 weather caused record $8B damage in Canada, yet 70% of homeowners are unaware of insurance policy exclusions.
Severe weather in 2024 caused over $8 billion in insured damage in Canada, a record high.
A survey reveals that 70% of Canadian homeowners lack understanding of their insurance policy exclusions, especially regarding coverage for floods, wildfires, and water damage.
Homeowners are urged to familiarize themselves with their insurance policies, including terms like replacement cost and actual cash value, to avoid surprises when filing claims.
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El clima severo de 2024 causó daños récord de $ 8B en Canadá, sin embargo, el 70% de los propietarios de viviendas desconocen las exclusiones de las pólizas de seguro.