Somebody has to pay for all this social activism. Three guesses as to who it will be, two of which you won’t need
My latest home insurance renewal policy raised our household premium by 11.6 per cent. Why, I wondered, since we hadn’t made any claims.
The cover letter stated: “The increased cost of repairs and increased occurrence of severe weather and natural disasters in Ontario have affected your premium. Due to inflation, the cost of building materials has increased, meaning that the cost to repair and rebuild your home in the event of a claim has increased. Significant weather events such as ice storms, high winds and heavy rainfall, as well as the increase in frequency and severity of natural disasters such as fires and floods have affected the cost of home insurance in Ontario.”
