As many Atlantic Canadians found to their dismay following devastation from post-tropical storm Fiona, most insurance companies don't provide coverage for storm surge, but Cooperators Insurance does. The company wanted to find a solution after its experience of floods in Calgary and Toronto in 2013, executive vice-president Lisa Guglietti told Island Morning host Laura Chapin, because it found existing water damage coverage was both difficult for clients to understand and for adjusters to assess.
IBC Cautions Residents in Atlantic Canada: Take steps to prepare for Hurricane Fiona
In anticipation of Hurricane Fiona, Insurance Bureau of Canada (IBC) is sharing the following tips and advice to help keep you, your family and property safe. "A hurricane can cause extensive damage regardless of its category. Being prepared for any severe weather event is important for your personal and financial security," said Amanda Dean, Vice-President, Atlantic, IBC. "We want to ensure that residents in Atlantic Canada are ready for strong wind or heavy rains that Hurricane Fiona may bring to the region. Even a significantly weakened hurricane can carry winds strong enough to cause widespread destruction."