Cost of Home Insurance Rises

The flooding which took place in Canada last June has a serious effect on homeowners. It caused the rate of home insurance to go up. The natural disaster had caused more than 1.7 billion in damages.

Homeowners are most likely to shoulder the difference.

According to Tamara Elliott  for Global News, “As a result, many homeowners have seen their home insurance premiums skyrocket—whether or not they live in a flood zone.”

You can read the full article here.

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