After yesterday’s earthquake in Ontario and Quebec, the possible tornado in Midland and the severe thunderstorm in South Western Ontario, it seems like a good time to review what your Home owners insurance policy covers relative to these natural disasters..

What about a tornado, is damage covered?

Yes. Tornadoes are very dangerous windstorms, and home insurance covers damage from wind. This applies to the outside of a building (except for antennas, satellite dishes, etc.). The interior of a building and its contents are covered only if the storm has first created an opening. Although not as common here in Ontario, similar logic is applied to Hurricanes.

What about an earthquake, is damage covered?

Most Home Owners Insurance policies exclude damage caused by snowslide, earthquake, landslide or any other earth movement: however if they cause a fire or explosion, the policy will normally pay for the resulting loss or damage.

If you want to be protected against damages caused by an earthquake, you must purchase this coverage separately. Earthquake insurance generally covers loss or damage to your property caused by the actual shaking of the earth. Cost varies according to location and type of construction.

If you have not reviewed your home insurance policy in a while it may be a good time to check with your Insurance Broker to find out what your home insurance policy covers.