If you ever need to make a home insurance claim, it’s possible that it will go smoothly and you and your insurance company will agree on what has been damaged or lost, how much of it is covered, and what fair value is for those covered losses.
Missed payments are not in and of themselves a rating factor for insurance, but if you fall behind by more than a month, that could lead to you being cancelled, and that will definitely affect your future insurance rates.
With the rising cost of real estate in Ontario, it is becoming increasingly popular for individuals to rent out investment properties. The rising cost of homes has also made it more popular to rent than it is to buy. Especially for younger couples and small families.
Recently, the southern Ontario region was hit with a large windstorm which affected many residents in the GTA and surrounding areas. Many homes were left with fallen tree branches and even more with missing shingles.
An ice dam is a build-up of ice or snow along the edge of a roof or eaves. Water from rain or melting snow then pools behind this build-up and passively backs up underneath the shingles entering the attic or wall cavity.
This Wednesday’s windstorm in Southern Ontario left a trail of destruction and at least 100,000 without electricity. Wind gusts of up to 100km per hour toppled fences, brought down trees, ripped siding from homes, and blew shingles from roofs throughout the province.