When the New Alberta Government allowed the Auto Insurance Rate Cap to expire on September 1 of 2019 almost every insurance company in Alberta applied for rate increases. Some requests are in the 10-20% range. We will find out this Friday (September 27th) what kind of increases have been approved and what to expect in the coming months.
If you've been following the latest updates to home insurance in Alberta the past couple of months, you've heard mention of Backwater Valves and Backflow Prevention. There are a number of new and existing home insurance discounts that require you you have this device. Not to mention that it just might save your basement one day.
Topics: insurance edmonton, home insurance, home insurance, home insurance, Home Insurance Tips, Home Insurance Tips, Basement Flooding, Basement Flooding, Homeowners Insurance, home, Homeowners, Insurance Premiums, Home Insurance Blog, home maintenance
There have been a number of warnings from media and the insurance industry about Alberta rate increases over the past while. Weather and flood damage has take it's toll on insurance company coffers over the past couple of years and it's true that they are making adjustments to help sustain insurance products that work for all Canadians.
With all the talk about the Mayan calendar these days, it seems like a good time to look at what trends have been going on in the last year with regards to catastrophies and how it relates to our coverage and premiums.