Nova Scotia amends Insurance Act to protect individuals in vulnerable situations
March 29, 2018 by Staff
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Nova Scotia has announced amendments to the Insurance Act aimed at protecting homeowners in vulnerable situations.
Insurance companies now won’t be allowed to deny coverage if damage to a property “was caused by a willful or criminal act of any person named under the policy,” the province announced on Thursday.
Related: January storms in Eastern Canada caused more than $54 million in insured damage: CatIQ
In a news release, Karen Casey, the province’s finance minister, said the amendments “will protect innocent Nova Scotians by ensuring insurance companies cannot deny coverage for individuals in vulnerable situations, which we know disproportionately affects women.”
Several other provinces have also made this amendment to their respective insurance acts.
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This story was originally published by Canadian Insurance Top Broker.