Fire & Lightning

Fire is the most basic of all the Specified Perils. It is only recently that insurers have agreed to not pay claims if the fire damage is the result of an act of terrorism. This change has come since the losses of 911 were so large and unexpected. Lightning coverage includes damage to electrical appliances or devices.

Almost half of all fires are residential. The lightning coverage includes damage to electrical devices or appliances.

When insurance was first started in Canada it was to provide coverage for fire losses. This is the most underlying coverage of a property policy. You do need to understand the exclusions under the most basis package - even this most simple form has specific circumstances that will not be covered.

Talk to your agent or broker about the limitations and exclusions to your policy.