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Emergency Preparedness

Guide Book

KNOW YOUR INSURANCE

     In the event  of a loss, your first and foremost priority  should be the safety of your family and yourself.  Where possible, steps should be taken to attempt to limit the amount of loss (i.e. contacting the fire department in the event of a fire).  As soon as possible, notify your insurance broker of the loss.

     Most insurance brokers and companies have arrangements for all types of losses, be it automobile or residential/commercial property.  Many insurance companies have set up special "catastrophic loss" teams that will move anywhere in the country to assist in claims settling and mitigating losses for clients.

     Having an inventory of household items is of tremendous value when reviewing your existing home insurance policy.  The inventory will also help speed up the claims process should one occur.  It is best if this inventory is kept with your broker or in a safety deposit box so it will not be destroyed in the event of a loss involving your residence.

     As the old saying goes, "An ounce of prevention is worth a pound of cure".  Analyzing potential risks and designing an appropriate plan of insurance is the best course of action concerning possible future claims.  Should you be concerned about your existing insurance coverage, contact your insurance broker to review your policy today.

     You may also call Insurance Bureau of Canada's consumer information centre at 1-800-387-2880 or visit the website at www.ibc.ca.