Extreme weather driving up home insurance costs
Home owners should prepare to pay more for property insurance as the severe weather trend that has battered the country during the past year is expected to continue. Experts say that as insurance companies are forced to pay out more policies to cover storm damage, there are likely to be increases to premiums and to the way insurance is sold. Intact Financial Corp., one of Canada's largest property and casualty insurers, says it has raised premiums by 15 to 20 per cent during the past few months as catastrophic losses and weather-related claims have risen.
Full article - http://tinyurl.com/kqgkpfq
Source CBC NEWS