Home insurance rates going up? It might not be your fault

The ice storm and flood may affect you now, even if they didn't last year

You may have been lucky enough not to have been affected by last year's Ice Storm or flooding from all of that rain we've been seeing, but your home insurance rates have still been going up.

Even homeowners with perfect records can still see an increase.

Spokesperson for the Insurance Bureau of Canada Steve Kee says if claims have gone up in your city or neighbourhood, you can be affected.

He underlines things have changed over the years which means the insurance industry has to keep up. Kee says there have been $3 billion in claims across Canada, compared to $300 million just 10 years ago.

Kee adds home values increasing also affect your insurance so if you want a better rate, it may be time to shop around.

Leave a comment:

showing all comments · Subscribe to comments
  1. john posted on 07/16/2014 01:47 PM
    yet more lame ass excuses to raise the price typical bullshit biggest scam ever . too bad we cant tell them to fuck off . good thing i have apartment .
    1. dama posted on 07/16/2014 02:14 PM
      @john You can still ask them to F off and still pay..

      "Spokesperson for the Insurance Bureau of Canada Steve Kee says if claims have gone up in your city or neighbourhood, you can be affected. "

      The above statement i used by the insurance all the time even for car;
      , you lie in Toronto and Brampton, your car insuarnce rate is higher , doesnt matter if you have a clean driving record..

      I bet if a city has no claim.. their rate will still go up and expecting it to go down is just a dream..

      and any calamity.. all rates go up..

      so F out insurance companies..yet I am being "raped" by them..
  2. After Rob Ford posted on 07/16/2014 04:10 PM
    After Rob Ford came to power my car insurance rates climbed due to his reading the paper while on the expressway, having a few pops and hitting the road, and lending out his vehicle to a drunk driver who has a history of substance abuse problems just like the old man himself.
  3. Ernie posted on 07/16/2014 05:16 PM
    Funny ! My car insurance went up over 19% last year because the NDP opened their big mouths and shouted off that they wan to lower rates by 15% by pushing the Liberals into doing it.

    So instead of a 4% increase, I got 19% AND STILL PAYING !
    NDP Fuckers !
showing all comments

Sign Up For Breaking News Alerts

Becoming a member only takes 60 seconds! Members get access to exclusive information and products that non-members do not, including concert ticket presales, trips, advance notice on upcoming entertainment events, movie screening passes, music giveaways and more!

Login with Facebook

Top Stories

Today's Poll

Do you think the province should cover the full cost of the Mississauga-Brampton LRT?

Voting is restricted to one vote every 24 hour(s) VoteResults


Stay connected 24/7! Receive breaking news and programming alerts right to your inbox. CLICK HERE to sign-up.