House Insurance - Canadian TV, Computing and Home Theatre Forums

e268 · 2012-04-29, 08:58 PM

My house insurance is up for renewal. Just read that it does not cover earthquake. There is no mention of tornado damages.
It covers weight of ice, snow or sleet, ice damming, roof water damage.

Just wonder how it compares with yours.

nfitz · 2012-04-29, 09:36 PM

Pretty much the same. You can add earthquake, but very few do. I actually did, but the I think the deductible was over $20,000. Didn't actually cost much ... about double the cost I think of the savings I got at the same time by increasing the basic deductible from $500 to $1000.

An earthquake that causes significant damage, compared to just some cracked plaster, is extremely unlikely. But it's nice to know that if we get flattened, that at least I'm not completely screwed ... or at least my estate get's something ...

I can look up the details on my policy if your interested.

waterug · 2012-04-30, 12:14 AM

I was delighted to learn when my policy was up for renewal that I am now covered for any damage caused by a tsunami!

Now, I can sleep better.

e268 · 2012-04-30, 09:40 AM

Thanks for your replies. Last year (I think), I was home when there was a tremor from earthquake, and I felt my house shaken a bit. My next door was doing construction work, and I thought they dropped something heavy. After I read the news the next day, I realized it was the tremor from the quake. I'll give my insurer a call to get a quote.

Cockroach · 2012-04-30, 12:11 PM

Insurers probably figure selling earthquake (and tsunami) insurance in Ontario is a safe bet. Well, unless fracking actually does cause all kinds of earthquakes.

It's quite a bit more on the west coast but there's a much higher risk of actual claims. 10% deductible here.

I live in a centenarian house and my wife owns another as an investment. We're not worried so much that they'll collapse but could suffer structural damage. More likely, they'll be consumed by ensuing fires from ruptured natural gas lines.

talljak · 2012-04-30, 01:22 PM

I got a notice from my insurance company that nuclear war or nuclear holocaust is no longer covered in my home insurance.

Nuclear plant meltdown though will still be covered.

nfitz · 2012-04-30, 10:43 PM

Quote:

Originally Posted by talljak

Nuclear plant meltdown though will still be covered.

Lots of those in Alberta?

talljak · 2012-05-01, 01:02 PM

Guess my insurance is nation wide and everyone got the same notice.
Or they are planning for the future of there being on near my part of the city.

2012-04-29, 08:58 PM	#1
e268 Join Date: Jul 2003 Location: Toronto, Rogers 8300HD,Sony KDE42XBR950, Posts: 1,025	House Insurance My house insurance is up for renewal. Just read that it does not cover earthquake. There is no mention of tornado damages. It covers weight of ice, snow or sleet, ice damming, roof water damage. Just wonder how it compares with yours. __________________ Yammy RXV2400 & CDC815, Celestion DL8 fr Mission 73Ci ctr Sansui rear Velodyne CHT8, Vaio TT180, i7-920@3.8Ghz

2012-04-30, 12:14 AM	#3
waterug Join Date: Sep 2002 Location: Peterborough, ON Posts: 868	Tsunami Coverage Added I was delighted to learn when my policy was up for renewal that I am now covered for any damage caused by a tsunami! Now, I can sleep better.

2012-04-30, 09:40 AM	#4
e268 Join Date: Jul 2003 Location: Toronto, Rogers 8300HD,Sony KDE42XBR950, Posts: 1,025	Thanks for your replies. Last year (I think), I was home when there was a tremor from earthquake, and I felt my house shaken a bit. My next door was doing construction work, and I thought they dropped something heavy. After I read the news the next day, I realized it was the tremor from the quake. I'll give my insurer a call to get a quote. __________________ Yammy RXV2400 & CDC815, Celestion DL8 fr Mission 73Ci ctr Sansui rear Velodyne CHT8, Vaio TT180, i7-920@3.8Ghz

2012-04-30, 01:22 PM	#6
talljak Moderator Join Date: Sep 2005 Location: Edmonton AB Posts: 2,122	I got a notice from my insurance company that nuclear war or nuclear holocaust is no longer covered in my home insurance. Nuclear plant meltdown though will still be covered. __________________ I have a photographic memory, trouble is most times the lens cap is on.

2012-05-01, 01:02 PM	#8
talljak Moderator Join Date: Sep 2005 Location: Edmonton AB Posts: 2,122	Guess my insurance is nation wide and everyone got the same notice. Or they are planning for the future of there being on near my part of the city. __________________ I have a photographic memory, trouble is most times the lens cap is on.

2012-04-29, 09:36 PM	#2
nfitz Veteran Join Date: Jan 2002 Location: Toronto - Rogers 8300HD PVR Posts: 3,277	Pretty much the same. You can add earthquake, but very few do. I actually did, but the I think the deductible was over $20,000. Didn't actually cost much ... about double the cost I think of the savings I got at the same time by increasing the basic deductible from $500 to $1000. An earthquake that causes significant damage, compared to just some cracked plaster, is extremely unlikely. But it's nice to know that if we get flattened, that at least I'm not completely screwed ... or at least my estate get's something ... I can look up the details on my policy if your interested.

2012-04-30, 12:11 PM	#5
Cockroach Join Date: Dec 2007 Location: Vancouver Posts: 582	Insurers probably figure selling earthquake (and tsunami) insurance in Ontario is a safe bet. Well, unless fracking actually does cause all kinds of earthquakes. It's quite a bit more on the west coast but there's a much higher risk of actual claims. 10% deductible here. I live in a centenarian house and my wife owns another as an investment. We're not worried so much that they'll collapse but could suffer structural damage. More likely, they'll be consumed by ensuing fires from ruptured natural gas lines.

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