The Insurance Bureau of Canada (IBC) has issued a release detailing the extent of the damage caused by the tornadoes that struck parts of Ontario on July 15, 2021.
Citing initial estimates from CatIQ, IBC noted that the six EF-2 tornadoes that hit Barrie and the nearby communities of Innisfil, Kawartha Lakes, Little Britain, Manilla, Lindsay, and Lake of Bays caused $75 million in insured damage.
The tornadoes led to 10 injuries, 71 homes being declared uninhabitable, and more than 2,200 insurance claims for damage to personal and commercial property.
IBC offered a reminder that damage caused by wind is typically covered by home, commercial property and comprehensive auto insurance policies.
"Our thoughts are with those whose lives have been disrupted and whose homes have been destroyed," said IBC Ontario vice president Kim Donaldson. "We're beyond thankful that this storm did not lead to any loss of life, which is the most important thing. Homes, cars and businesses can be replaced and fixed, but the same cannot be said of lives."
Donaldson added that insurers are ready to help all residents who have been affected by the July 15 tornadoes. He advised homeowners and business owners who have questions about their insurance to either call their insurance representative or the IBC’s Consumer Information Centre.
"Insurers have been in the community since day one, working hard to help their clients throughout the entire claims process, and will be there until all policyholders have been looked after," the vice president said. "Your insurance representative is on your side and is committed to helping you through this devastating event."
