Most home insurance policies look similar across the country – unlike
We had to get the obvious one out of the way –
The good news is, some companies are actually starting to add this as a standard coverage in your home policy, instead of it being an add-on.
magnitude earthquake would cost $75 billion to repair.1
Alberta is home to “Hailstorm Alley” that runs from the south of Calgary to central/northern Alberta. It has seen hundreds of hailstorms over the years, some costing millions of dollars in damage. Hail coverage might be included in your home policy with some companies, but if you live in this area, it’s important to double check and make sure you’re protected. It could be useful to invest in things like tent protection, to
Alberta can also be considered a flood-prone province. They experienced catastrophic floods in 2013 costing the province (including homeowners and insurers) upwards of $6 billion.
estimated average sewer backup and overland water claim cost.*
Did you know that Ontario is one of most prone-to-flooding provinces in Canada? In 2013, Toronto saw a record rainfall (100 millimeters in two hours) that cost the province more than $940 million to repair. Then, in 2016, the Windsor area had a similar flood that damaged over 1,700 homes. In the case of these floods, you want to make sure you’re protected with sewer backup and/or
dollars to repair the damage from the 2013 Toronto flood.2
Certain cities in Quebec (like Montreal and Quebec City) are located in the St. Lawrence Valley, which is an area that’s prone to earthquakes. However, only around 3% of Quebecers (based on a survey of 1000 people) are protected with added earthquake coverage. It might seem like an unlikely event, but Quebec’s last earthquake was in Mont Laurier on April 18, 2018!
In the same survey IBC conducted for earthquakes in B.C., they surveyed how much a 7.1 magnitude earthquake would cost in Quebec, and the result was $65 billion.
of Quebecers are protected with added earthquake coverage.3
Nova Scotia is another province that has areas that are prone to massive flooding. In 2016, Sydney (in Cape Breton) had a record rainfall of 225 millimetres in one day, causing
estimated average sewer backup claim cost.*
Get the right home insurance with Sonnet.