Participate in National Insurance Awareness Day

This #NIAD26, take time to check and understand your coverage.

Across Canada, extreme weather events like wildfires and floods continue to impact communities.

On June 28, BC Financial Services Authority (BCFSA) is reminding consumers to review their property insurance policies, learn more about improving their property’s resilience, and connect with an insurance professional to ensure their home and property are protected.

Taking a few minutes to understand your coverage today can make a meaningful difference if the unexpected happens tomorrow.

Do you know what it would cost to rebuild your home or replace your belongings after a loss? Do you have the right coverage to meet your needs?

It’s important to remember that not all losses are covered under a standard policy. For example, earthquake or overland flood typically require optional coverage. A conversation with your insurance professional can help clarify what’s included and where you may need additional protection.

Questions to consider:

• Am I covered for floods, wildfires, and other extreme weather events?
• Have I installed upgrades to improve the resiliency of my property by installing heat, flood, or fire protection measures?
• Do I need additional coverage for risks like earthquake or flood?
• What are my deductibles, limits, and any gaps in coverage?

Additional Resources

1. Canadian Insurance Services Regulatory Organizations (CISRO) has released a guide explaining the benefits of working with a licenced insurance professional: Why work with a Licensed Insurance professional?
2. The Intact Centre on Climate Adaption has a series of resources on how to improve the resiliency of your property in extreme heat, flooding, wildfires, and more: Climate-Ready Guides
3. You can also find the list of insurance companies authorized to conduct business in B.C. on our website: Find an insurance company.

Media Contact:
Lindsey Norris
media@bcfsa.ca