Severe weather and the growing impact of climate change
Recent severe weather across Canada reinforces how important it to prepare for the impacts of storms.
According to the Insurance Bureau of Canada, the intense flash flooding that occurred in Toronto and other parts of southern Ontario between July 15-16, 2024, is estimated to have caused over $940 million in insured damage. That storm dropped a month’s worth of rain (100mm) on Toronto in the span of a few hours.
Loss prevention measures for homeowners
However, there may be discounts for loss prevention measures that can protect your home and potentially reduce your insurance premiums.
Protection for Toronto Homeowners
During heavy rain, the sewers can become overloaded. It is essential that homeowners take appropriate action to reduce the risk of basement flooding.
Contact us to learn more about this program and how to apply online.
Loss prevention measures can offer peace of mind and unlock potential savings:
- Many insurers offer discounts for certain protection measures and also helping homeowners pay for improved mitigation devices in the event of a claim. It's important to find out if there are discounts available to you.
- Backup power systems
- Temperature monitoring systems
- Automatic water shut off valves
- Sump pumps
- Water leak detection systems
Make sure your insurer is aware of any investments you have made in your home that are likely to reduce the severity or probability of certain types of losses. Insurers may change discounts or create new discounts for homeowners in response to climate change, and claims trends.
Discover peace of mind with specialized coverage for your distinct needs
Our exceptional service goes above and beyond regular standards of speed, service and convenience — offering independent, personal advice and dedicated service from experienced brokers.
Our High Value Coverage Solutions Team can help
Our high value coverage solutions team keeps our clients up-to-date on potential insurance coverage gaps, advice on risk prevention and how to best mitigate risk.
We partner with some of the best insurance companies in Canada to provide custom insurance solutions for successful, accomplished individuals across Ontario.
Contact our specialized high value coverage solutions team to learn more and design a plan that meets your unique needs.
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“When you own extensive and expensive personal possessions, your overall risk for damage and loss can be daunting. You need to know you have the most effective, and efficient, insurance available to offset that risk.”
That’s Margie’s take on what she and the firm have to offer to their personal and private client portfolio. Margie’s 30+ years of experience serving the personal property needs of high net worth individuals has made Margie sensitive to the unique positions of these individuals when loss occurs. She is empathetic, understanding, respectful and always knowledgeable and accessible.
Contact: margie@millsinsurancebrokers.ca
416-489-5570 (GTA) or 800-953-0999
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In her role as leader in the brokerage, Amy is cognizant of the special requirements of Mills’ Clients who have more than the average needs for specialized insurance.
She is more than ready to work with Margie in quickly and efficiently defining Client needs whether it’s an immediate loss (major or minor), or when new and additional coverage is indicated. Custom service is the strength of the Mills firm. It is evident in the Client references the firm offers and in the insurer coverages the firm offers to special clients.
Contact: amy@millsinsurancebrokers.ca
416-489-5570 (GTA) or 800-953-0999
Contact our High Value Coverage Solutions Team
Email: Amy@millsinsurancebrokers.ca or Margie@millsinsurancebrokers.ca
or call us at: 416-489-5570 (GTA) or 800-953-0999
