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“ ESA is aware that some property and casualty insurers are
refusing to insure ”

Home Insurance Update
May 19th, 2004


Consumers should contact the Insurance Bureau of Canada at www.ibc.ca or by phone at 1-800-361-5131 or (416) 362-9528 with concerns regarding changes to home insurance policies/requirements associated with:

• Knob and Tube Wiring
• Aluminum Wiring
• 60 Amp Service

Background Information on Home Insurance Update:
ESA is aware that some property and casualty insurers are refusing to insure, or renew policies on, residential properties with 60 amp service, aluminium wiring or knob and tube wiring. The Electrical Safety Authority must inspect changes to electrical service to support insurance coverage.

The Ontario Electrical Safety Code does not impose a legal requirement to upgrade or replace these services. A 60-amp service or a service with knob and tube or aluminium wiring is not necessarily problematic in itself so long as it was properly installed and maintained.

electric system,speakers,structure designs for your company,

“ The insurance industry in Ontario
is in the worst disaster
I‘ve ever seen.”

Home Insurance.
" Brokers turn away new business. "
The Toronto Star - June 16th, 2003


“Heavy Losses in the auto insurance industry are spilling over into the home insurance market, making it difficult for consumers trying to buy or renew policies” industry experts say.
Stephanie Lewis, a Toronto insurance broker, said she’s receiving increasingly desperate calls from homeowners either denied coverage or whose policies are being renewed.
Home Insurance- if there’s a claim or if there’s anything wrong with the home…or it’s an older home, there’s real issues. They really don’t want the business and they just make it tougher and tougher.

“ The insurance industry in Ontario is in the worst disaster I ‘ve ever seen.”

Do not let this happen to you:
• Replace knob & Tube
• Upgrade your service
• Replace old wires in your home & add value to your home


 

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