Storms that hit southern Ontario on Sept. 7 and Sept. 22 caused C$105 million (US$84.9 million) in insured damage, according to the Insurance Bureau of Canada (IBC), which quoted initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ).
These storms caused extensive damage across southern Ontario.
The Sept. 7 storms included heavy rain, wind and tornadoes that caused structural damage to many properties. Downed trees left 30,000 properties without power for hours. The Sept. 22 storms brought heavy rain and extensive flash flooding. Strong wind gusts caused damage to trees and power lines across southwestern and southcentral Ontario, leaving more than 38,000 properties without power at the peak of the storms.
Damage caused by wind and rain is typically covered by home, commercial property and comprehensive auto insurance policies.
Insurance Bureau of Canada (IBC) is the national industry association representing Canada’s private home, auto and business insurers. Its member companies make up 90% of the property/casualty insurance market in Canada.
Source: Insurance Bureau of Canada
Topics Windstorm
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