Tornadoes in Canada
Friday, August 10, 2012
When they strike, tornadoes leave considerable damage within a short period of time. Even though you might not be harmed by a tornado, your property might be damaged. It is imperative to make sure that you understand your homeowner insurance policy around wind damage coverage.
Many homeowners are unaware of the items included under their homeowners’ insurance policy. So, when a disaster strikes, they are disappointed to find that their insurance coverage may not help them. To avoid such a scenario, homeowners need to make sure that you have adequate insurance coverage.
Homeowners should call their insurance provider to discuss what will be covered for in the event of a tornado (even though chances may be unlikely). Climate change is bringing some inconsistent weather to say the least, and tornadoes seem to be on the rise. Even though most of the devastating tornadoes in North America are found in the United States, Canada has seen an increase in them as well.
If you are not currently covered for tornado damage, ask the insurance provider what you can do in order to protect your home in terms of adequate coverage. This will ensure that you know what you will and will not be covered for, and what you will need to do in order to get covered.
To be prepared for such an event, it is imperative that you have photographs of your belongings. In the unfortunate event of a tornado, you will then have a guide to help you recall your belongings and their estimated value if you ever have to submit an insurance claim.
When speaking to your insurance provider, it is a good opportunity to find out what type of insurance coverage that you have. Actual cash value (how much your item is worth today in regards to depreciation) or replacement cost coverage (how much it would cost to replace that item). This is important to note as it will give you a guide on how much your belongings will cost to replace in the event of damage or loss.
Although a tornado may be unlikely, it is good practice to know what you are and are not covered for and how your insurance policy works.