Storm damage costs growing
MyNews contributor Jared Kenly sent in this image of a damaged car after a hail storm in Cardston, Alberta Thursday, July 26, 2012.
Published Wednesday, September 12, 2012 3:28PM MDT
The Insurance Bureau of Canada has released some cost estimates on the damage caused by the two most recent wind and hail storms.
The IBC says the two storms amounted to over an estimated $200 million in insured damages.
The new data was reported by Property Claim Services Canada which tracks insured losses from Canada’s catastrophes.
The biggest storm happened on August 12th when a servere thunderstorm produced large hail which pelted areas in and around the city.
The second storm hit southern Alberta late in the day on July 26th.
The hail storm damaged property and left a path of destruction from Cardston to Nanton.
PCS-Canada says thousands of claims have been filed for damage to homes, cars and businesses in the wake of the storm.
Adding in a wind and rain storm in Edmonton in early July, the three occurrences have exceeded $300 million in insured losses for 2012 alone.
Another storm last November also caused heavy damages to property and is estimated to have cost an additional $200 million in insured damages.
“$500 million in losses in less than a year is staggering. Alberta has had more than its share of damaging storms this summer,” said Heather Mack, IBC’s Alberta Director of Government Relations. “But it is also encouraging to know our insurers are there to help people when they need it most. For those Albertans still looking for answers or if they need help with their insurance questions, please call our Consumer Information Centre at 1-800-377-6378,” adds Mack.
For more information, visit the Insurance Bureau of Canada’s website.