Why Home Insurance Premiums Are Rising and What You Can Do.
Whether you own your home, rent or live in a condo, many Canadians can expect their home insurance rates to go up this year.
Several factors are behind the rising rates. Increasing frequency of severe weather events are causing more serious damage and more costly insurance claims. The rising cost of building materials, supply chain issues and unfilled jobs due to COVID-19 disruptions are driving up the costs of home repairs.
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Halifax
Nova Scotia
Canada