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How basement flooding devalued this property
September 17, 2018 by Greg MeckbachRecurring basement flooding means a homeowner’s property is worth about $35,000 less than it would otherwise be valued at for tax purposes, says an official from the board that hears Ontario property tax appeals. Sharon Latta owns a home near…
One risk to your client if the neighbouring property is abandoned
June 18, 2018 by Greg MeckbachLindsay Bunce got a nasty shock one colder winter day when she and her husband went down to the basement of their Toronto home. “We were surprised to find about two inches of water across our basement and water coming…
City of Windsor records nearly 2,700 basement flooding reports from severe rain event
August 31, 2017 by Canadian UnderwriterThe City of Windsor in southwestern Ontario has reported nearly 2,700 basement flooding reports as of late Wednesday afternoon. The city continues to recover from a severe rain event on Aug. 29 that resulted in flooded roads, properties and basements.…
March storm in Ontario tops $25 million in insured damage: CatIQ estimate
April 20, 2016 by Canadian UnderwriterThe cost of insured damage caused by the ice storm that swept through southern Ontario between March 23 and 26 is estimated at more than $25 million, according to preliminary estimates provided by Catastrophe Indices and Quantification Inc. (CatIQ). CatIQ…
Total economic losses from March winter storm in Ontario and Quebec estimated at $130 million: Impact Forecasting
April 6, 2016 by Canadian UnderwriterTotal economic losses from a winter storm in Ontario and Quebec in March were estimated to approach $130 million (US$100 million), while insurers anticipated losses well into the tens of millions in U.S. dollars, according to Impact Forecasting’s Global Catastrophe…