Whether it’s from recent extremes in weather or common overflows from appliances and burst pipes, water damage wreaks havoc on property.
$3.5 billion in property claims
The Insurance Bureau of Canada (IBC) reports that insurers incurred personal property claims of $3.5 billion in 2006, with the majority coming from water and weather-related damage:
Speed up the claims settlement process
Keeping an accurate inventory of your belongings is one of the best ways to help ensure you have enough property coverage and get your insurance claims settled faster. The more information you have about your damaged possessions, the faster your claim can be settled.
To get started, download and use a free copy of the Know Your Stuff home inventory software from the IBC website.
Source: Facts Book 2008, www.ibc.ca
