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Natural Disaster Insurance Products

Compare 31 products offered for Natural Disaster Insurance from 21 companies including W/R/B Underwriting , inet3 Ltd, and Liberty Specialty Markets.

Our Insurance Comparison Tool allows you to pick the policy that's right for you by comparing every Natural Disaster plan offered by Canada's leading insurance providers. Stuck? Our Frequently Asked Questions can answer questions on this coverage area

Compare Natural Disaster Insurance Policies

Products 1 to 10 of 31
Product name Max Coverage Min Premium Exclusions
Property Catastrophe by PartnerRe Max Coverage N/A Min Premium N/A

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Property D&F - Lloyd's by Hamilton Underwriting Ltd Max Coverage US$5M Min Premium N/A

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Crisis Management by Vantage Insurance Services Ltd Max Coverage N/A Min Premium N/A

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Energy by Sompo International Max Coverage N/A Min Premium N/A

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Magenta: Unoccupied by inet3 Ltd Max Coverage GBP2M Min Premium N/A

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Direct and Facultative Property by Canopius Max Coverage US$15M Min Premium N/A

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Crisis Management by Canopius Max Coverage N/A Min Premium N/A

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Magenta: Renovation by inet3 Ltd Max Coverage GBP2M Min Premium N/A

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Property by CNA Hardy Max Coverage N/A Min Premium N/A

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Direct and Facultative Property by Liberty Specialty Markets Max Coverage US$25M Min Premium N/A

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Frequently Asked Questions

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What Is Natural Disaster Insurance?

Insurance for a natural disaster (also known as Disaster insurance, Catastrophe Risk insurance or Catastrophic Loss insurance) provides a company or individual with the necessary coverage to compensate them in the event of loss or damage during a catastrophic event, usually brought on by extreme weather conditions.


While some people assume that ‘Acts of God’ are not covered by insurance providers, damage caused by natural disaster can, in fact, be covered. Natural Disaster insurance policies can include coverage for earthquakes, hurricanes, tornados, tsunamis, floods, wildfire, blizzards, and snowstorms.

Certain types of unusual or extreme weather are also included in certain insurance policies such as heavy rainfall, hailstorms and ice, fire and smoke damage, windstorms, lightning, damage caused by falling items

Depending on where you live, it can be fairly easy to predict certain kinds of natural disasters – flooding in coastal areas, earthquakes on fault lines, wildfires in woodland areas, etc – however not all disasters can be foreseen, which can make choosing the appropriate coverage difficult.

What Does Natural Disaster Insurance Cover?

In short, Disaster insurance provides compensation for losses and damage due to the result of a large-scale disaster. Natural Disaster insurance can cover:


  • injured persons
  • animals
  • damage to residential or business properties
  • damage to movable property
  • industrial risks
  • loss of earning due to a business interruption
  • repair or replacement costs for damaged contents, vehicles or machinery
  • travel disruption
  • repatriation costs

The effects of severe weather and unforeseen events on companies and individuals are wide-ranging, meaning that if natural disasters are not specifically worded in standard Home, Business, Car or Travel insurance policies, then it’s very important to pay close attention when choosing an appropriate general Disaster insurance policy that covers specific risks.

Disaster Health Insurance (DHI) is a more specific type of coverage that can be taken out against the effects of contagious risks such as plague, cholera and H1N1, also known as Swine flu. DHI is particularly recommended in the case of war and nuclear risks.

What Does Natural Disaster Insurance Not Cover?

Certain areas that are disaster prone – say properties built in high-risk flood areas or high hazard locations – may find have more difficulty finding insurance than those in other parts of the country. This is because the frequency of severe storms means that repair and replacement costs outweigh the amount of insurance policies paid for. If you can find insurance, you may run into another problem: extremely high premiums.


Homeowners also need to double-check what kind of flood insurance is included in their insurance policies, if they have any at all. While many home and property insurance packages include coverage for flooding, it is rarely for ‘overland flooding’ but in fact for ‘sewer back-up’.

What’s the difference? Overland flooding covers water damage caused by external water seeping into a property, say through the walls or the basement, while sewer back-up refers to damage from an internal overflowing sewage system. It’s important to check the specific wording of an insurance package, since governments are becoming increasingly resistant to pay for flood damage, and assuming you’re covered could be costly.

Earthquakes, earth movements, landslides and sinkholes are also tricky areas. Most standard Home insurance policies do not include these, so specifically worded Disaster coverage must be taken out – the phrase you want to look for are ‘named perils’ – although though not all offer financial protection.

Man-made disasters such as war or nuclear accidents are standard exclusions to most insurance policies not specifically covering political risks, and Disaster insurance is no exception.

Who Needs Natural Disaster Insurance?

As natural disasters vary from region to region it can be difficult to recommend coverage, especially for areas that aren’t prone to these risks. That said, if a disaster does strike, it can cause insurmountable damage, physically and financially.


Typically, Disaster insurance can benefit homeowners and businesses in risk areas like coastal towns, flood-risk areas, areas affected by subsidence and earth movements and other high-hazard locations, as well as travellers to high-hazard locations

If you don’t own a business or property in a high-hazard location it may be possible to add an ‘all-perils’ coverage to an existing insurance policy. Otherwise a separate Disaster insurance policy is recommended, though as disastrous events become more common premiums are also increasing.

What Type Of Natural Disaster Insurance Should I Buy?


Disaster Insurance can either be bought as a standalone package or as a specific type of loss or damage within an insurance policy. Some types of policies that typically include Disaster Coverage are:


  • Business Interruption
  • Home Insurance
  • Flood Insurance
  • Sewer Back-Up