Natural Disasters, Floods, Insurance: Answers to Your Questions! This spring, flooding caused by the spring thaw has affected many parts of Quebec, in particular the Montérégie region. Every year, many people endure flooding and the damages that result. These are difficult times for disaster victims and many questions may arise. The Chambre de l’assurance de dommages has the answer to many of your questions. More... Take the Time to Properly Renew Your Insurance Policies Although the damage insurance representative has a professional obligation to provide advice, it is the consumer who is in the best position to clearly identify the changes that he has made to his immediate environment during the course of the year and to provide an accurate assessment of his situation at renewal time. This information is essential to the insurance professional; without it, the professional will not be able to provide useful advice and offer the insured an insurance policy that best suits his needs. More... The Cost of Rebuilding a Home vs. the Amount of Insurance: A misunderstood Concept Some consumers may find that the amount of insurance they have is insufficient to rebuild their residence. You must go beyond appearances when evaluating the risks that could affect a residence. You must take into account all the improvements that have been done over the years, for instance, the addition of a deck, kitchen or bathroom renovations, adding an extra room or powder room in the basement, or new interior or exterior finishes. You must also take into consideration the original construction materials as opposed to those used today. The best home evaluations are done by professional evaluators. Ideally, an insured should have an evaluation of the cost of rebuilding the home done every five years. More... Do your Personal Property Inventory: It's amazing how many personal belongings we acquire over time! To avoid problems in the event of a disaster, you should do an inventory of your possessions and store it in a safe place outside of your home. It is highly recommended to include bills, photographs or videos of your assets. Receipts, warranties and instruction manuals also serve as proof in case of an insurance claim. More... |
