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'Too early to estimate insured losses from the fires' : The Insurance Bureau of Canada

BY Connect News, Aug 22, 2023 12:17 AM - REPORT AN ERROR

The Insurance Bureau of Canada says all standard homeowners and tenant insurance policies cover fire damage, and also provide coverage to help with mass evacuation costs. (Photo: The Canadian Press)

The Insurance Bureau of Canada says it may not be possible to estimate insured losses from the fires currently burning in British Columbia, however, experts say that one should start processing the insurance claims as soon as possible. .

Daniel Ivans of Rates dot ca says that when filing a claim, not every detail of the damage needs to be provided right now, and relevant information can be added later.

The Insurance Bureau of Canada says all standard homeowners and tenant insurance policies cover fire damage, and also provide coverage to help with mass evacuation costs.

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