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Those unlucky enough to be living in the direct path of a tornado discover what it’s like to lose everything. When Tornados and other natural disasters occur, those in the path describe the aftermath as a life-changing experience.

If loss of life isn’t bad enough, some lose their homes, vehicles and possessions, and discover they don’t have enough funds to cover their circumstances. Worse, some have to move away losing their friends and lifestyle in the process. That’s when home insurance becomes very important.

Caught unprepared, homes damaged, and left with the clothes on their back, they need to find shelter soon. Without a car they may not be able to get to work. And if they’re injured they may need hospitalization and treatments. All of these costs can add up quickly.

Summer Tornados: Are you Covered?

That’s what many of the victims of the Angus tornado were wondering about afterward. About 100 homes were damaged and some have to be torn down. Will they have enough funds to cover expenses while all the rebuilding goes on?

The Goderich tornado devastated homes and businesses which resulted in about $150 million in damage. The recent Angus tornado, an EF-2 on the Enhanced Fujita scale, wasn’t as damaging, but it may take some time for those insured to receive payments for qualified coverage. The general public are donating funds but time and need are pressing.

Karen Sturdy saw her home destroyed and was quoted in a CBC news report:

“The first night I didn’t sleep, I just kept sitting there, looking at this house that I had invested in for 32 years knowing it was going to be gone.”

David Sykes, former publisher of the Goderich Signal-Star was quoted as saying “For many in Goderich, the recovery moved along quickly.” For other homeowners, it took time to resolve insurance matters, get funding approved and flowing. In some cases, people were out of their homes for a couple of years.

Adding up the cost of furniture, appliances, TVs, clothing, cars, recreational equipment, etc. and renting can be painful for starting over from scratch. This is where a helpful insurance broker really shows their worth.

Where will you find a Builder/Contractor?

If your home is declared a write-off, it must be bulldozed. Or the owner may have to pay for demolition and then start rebuilding. Hopefully, they’ll be able to find a demolition company and building contractor soon. But this can sometimes take years to complete. The insured must find other accommodations.

If your home is declared a write-off, it must be bulldozed. Or the owner may have to pay for demolition and then start rebuilding. Hopefully, they’ll be able to find a demolition company and building contractor soon. But this can sometimes take years to complete. The insured must find other accommodations.

Where will you find a Builder / Contractor

In standard insurance policies for the Ontario area, windstorm damage is probably covered. However, overland flood coverage may not be.

The key thing for you as a homeowner is to ensure your home is covered. Ensure you have excellent insurance coverage and look at the details of your coverage. Don’t discover after the fact and scream in horror when you realize you’re about lose $thousands and $thousands more.

What to look for on your policy if windstorms/fire/flood are of concern:

  1. Windstorm coverage (what are the dollar or time limits of)
  2. Disability insurance coverage (for loss of income)
  3. Loss of use coverage (loss of home over significant period such as when you need a hotel room)
  4. Rental: (security deposit/first month’s rent)

You may want to look at enhanced coverage for additional perils. The smartest approach to buying home insurance is to speak with a licensed and well-trained insurance broker. They’ll help you understand the issues and what will happen when disaster strikes.

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