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Monday, April 4, 2011

A Perfect Storm For Housing Insurance Is Possible

"It's not a crisis yet" but the Province's consumer advocate for insurance says increasing weather issues may lead to a perfect storm for the rising cost of house insurance.
Ronald Godin tells CHSJ News premiums have being going up combining with the substantial flooding in recent years.

He says if this keeps up and the experts say it could get worse we are all going to have to pay for it and it will have an impact on availability and affordability.
Godin says the cost of auto insurance has improved tremendously since he opened the office back in 2005.