Canadian Underwriter
News

Quebec storms cost more than Cdn$56 million


July 2, 2008   by Canadian Underwriter


Print this page Share

Insurers expect to pay more than Cdn$56 million to customers after storms swept through parts of Quebec on June 10, according to a survey by the Insurance Bureau of Canada.
To date, more than 6,000 claims for damages to residence and personal property and 10,000 automobile claims have been filed due to the Quebec storms, according to insurers.
The intensity of the winds and the localized hail showers caused extensive damage to property in a short period of time, the IBC reports.
These most recent storms in Quebec follow on the heel of a severe winter, which resulted in more than Cdn$172 million in damages to homes.
By comparison, during the winter of 2006-07, property damage totalled only Cdn$58 million, the IBC notes.
Breaking down the 2007-08 winter into specific claim types, damage to pools, spas and saunas caused by heavy snowfall resulted in 14,000 claims valued at a total of Cdn$36 million.
Damage caused by the weight of snow and ice resulted in 7,000 claims and Cdn$31 million in damage.
Water damage caused by sewer back-ups, overflows and water leakage as a result of heavy snowfall caused 17,000 claims and an estimated Cdn$105 million in damage.


Print this page Share

Have your say:

Your email address will not be published. Required fields are marked *

*