As of October 17, 2018 cannabis is now legal in Canada. So what does this mean for your insurance? Personal Property Insurance Traditionally property insurance policies denied coverage for dwellings where there were cannabis grow operations including the dwellings of people growing it legally for their own personal medical reasons.
Insurance claims, while inconvenient, are normally straightforward affairs. Your car has been stolen or damaged in an accident. Your home has sustained damage due to a burst pipe or fire. These are arguably among the main reasons why people purchase insurance in the first place. But every so often the
We hear it all the time ” It will not happen to me”. However, water damage has surpassed fire as the leading cause of home insurance claims. The Insurance Bureau of Canada estimates that insurers have paid out an average of $400 million a year for severe weather events, most