What kinds of natural disaster coverage do standard insurance policies in Canada provide?
According to the Insurance Bureau of Canada, most homeowners’ insurance policies cover damage to the policyholder’s home and its contents resulting from forest fires. Generally, living expenses arising from forest fire evacuations are also covered. Canadian policies generally cover lightning, windstorm, hailstorm and tornado damage to homes, but don’t cover exterior damage to trees, bushes and antennas and satellite dishes. They often cover food spoilage resulting from power failures due to storms and tornadoes, up to $1,000.00. If an ice storm in Canada causes a power failure resulting in burst water pipes, the damage will generally be covered but only if the policyholder was living at the home regularly. Policyholders in Canada who travel need to arrange for a competent person to check their home regularly in order to maintain coverage. If forced to evacuate due to power failure from an ice storm, the policyholder should check the home daily if possible, and drain all pipes and appli
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