Canada’s Insurers Respond Quickly to Wildfire Crisis

Insurers in British Columbia “are acting quickly to assist those whose homes and businesses have been affected by the forest fires currently raging in the province,” notes a bulletin from the Insurance Bureau of Canada.

“It is important for everyone to understand that forest fires are covered by standard homeowners and business insurance policies,” explained Lindsay Olson, IBC Vice-President, B.C., Saskatchewan & Manitoba. “There is always some anxiety and confusion over what is covered by insurance in times like this; we want to assure everyone that property insurance policies in force at the time of the loss will respond to damage caused by these fires.”

The IBC also pointed out that, “even if there is no loss or damage to a home or property, homeowners’ insurance policies may also provide some coverage for additional living expenses if the policy holder is complying with a government evacuation order.”

Olson added: “Our thoughts are with the 10,000 people who have been evacuated as a result of these fires, and who may have damage to their homes. Insurance companies are working hard to provide answers and assurance to fire victims and their families.”

The IBC took pains to explain that, contrary to popular belief, “acts of God or acts of nature are not excluded in any property insurance policy in Canada. In fact, insurers routinely pay for damage resulting from natural disasters, including wind, storm, rain, hail and wildfire.

“Consumers affected by these fires should contact their insurance representative as soon as possible. Those with questions about coverage, or in need of assistance locating a number for their insurer, are welcome to call IBC’s consumer information line at 1-877-772-3777.

Source: Insurance Bureau of Canada – www.ibc.ca

Topics Catastrophe Natural Disasters Carriers Wildfire Canada