Floods like the one in Baie-Saint-Paul, about 90 kilometres northeast of Quebec City, helped drive up insurance claims from extreme weather in 2023 to the fourth-highest total on record, according to a new report by the Insurance Bureau of Canada.
In total, insured losses from extreme weather events exceeded $3 billion in Canada for the second straight year.
The report underscores concerns about the growing economic cost of weather-related disasters made more frequent and severe by climate change — and the rising cost of insurance coverage for homeowners.
In some cases, homeowners are struggling to get coverage at all.
I don’t know if this is related, but occasionally I get some new insurance quotes just to make sure I’m not missing out on any deals, and this year I’m being asked for all sorts of details I’ve never been asked before. I’ve been asked for pictures inside and out, documentation from the county, information about my pets, specifics about my roof material, letters from past insurers.
I’ve been with three different insurance companies in the past and it was always just basics like square footage, distance to fire hall. I get the feeling these companies don’t really want my business, but they also don’t want to tell me no, so they just send me on irritating errands to get strange info for them.