The estimated insured property damage caused by Sandy in Ontario and Quebec amounts to approximately $100 million, says the IBC.
This preliminary estimate was reported by Property Claim Services Canada (PCS-Canada). It confirms thousands of claims have been filed for damage to homes, cars and businesses in the wake of the storm.
Between October 29 and 31st, the storm—which affected the U.S. northeast, and lashed across parts of Ontario and Quebec—caused two deaths in Canada.
More than 150,000 people were without power, as trees were toppled, basements were flooded and power lines fell when winds reached 100 km/h.
“This is a preliminary estimate and we expect consumers will continue to have insurance questions during the claims process,” says Ralph Palumbo, IBC’s Ontario vice-president.
PCS will be re-surveying insurers for an update in 60 days.