In 2018, insured damage for severe weather events across Canada reached $1.9 billion.
Floods, windstorms, ice storms, hail and tornadoes damaged property and automobiles across the country and brought the fourth highest number of claims on record. Watercraft losses contributed to those numbers.
According to the Insurance Bureau of Canada, these losses included:
- -January storms and floods that caused more than $54 million in insured damage across Eastern Canada
- -February storms and floods that caused more than $57 million in insured damage across southern Ontario and Quebec
- -An early-April storm that caused more than $85 million in insured damage across Ontario and Quebec
- -A mid-April ice storm that affected southern Ontario and resulted in more than $190 million in insured damage
- -An early-May windstorm that affected Ontario and parts of Quebec and topped $410 million – with $380 million of this damage being in Ontario
- -Summer storms across the Prairies that caused more than $240 million in insured damage
- -A flood in Toronto on August 7 that caused over $80 million in insured damage
- -Ottawa-Gatineau tornadoes and windstorms on September 21 caused $295 million in insured damage
- -December storms in British Columbia that caused $37 million in insured damage
With the unpredictability of weather, it is easy to get caught off guard. We make sure our family, homes and vehicles are safe, but what about watercraft? Most lay up seasons are over in April and folks are anxious to get the boat out for the season. Three major storms hit Ontario and Quebec in the spring of 2018. Are you ready?
Severe weather events are expected to increase over the next fifty years due climate change. These events potentially threaten life and property, so it makes sense to get prepared. Learn more about getting your boat ready for extreme weather conditions.
Click here: Watercraft-Hurricane Preparedness