The wildfire in Fort McMurray is raising a lot of insurance related questions.
According to the Insurance Bureau of Canada, most home and business insurance policies cover fire damage and provide coverage for reasonable additional living expenses for a specified period of time.
The IBC suggests talking to your insurance company as soon as possible and ask your insurance representative what living expenses you’re entitled to and for what period of time.
List all damaged or destroyed items and if possible, assemble proofs of purchase, photos, receipts and warranties. Take photos of the damage and keep damaged items unless they pose a health hazard.
The IBC says to keep all of the receipts related to cleanup, and if you’ve been displaced, keep the receipts for your living expenses.
A link to the IBC and some helpful tips is available through this link.