Wind and hail
Your home insurance protects you against damage caused by tornadoes, strong winds and hail.
However, your insurer will indemnify you according to your policy coverage amount. He'll also factor in the maximum coverage amount () when reimbursing certain categories of items.
Example of coverage for damages caused by tornadoes, strong winds and hail:
Your gazebo was damaged during the last hail storm.
The roof of your building was torn off during the last wind storm and your belongings were damaged.
Replacing destroyed or damaged items
Your home insurer will repair damaged items that can be repaired.
If items must be replaced, your insurer will replace them with new items of the same type and quality if you chose this settlement option when you purchased your policy. If not, your insurer will indemnify you based on their actual cash value.
Your insurer’s obligation
Your home insurer is required to return your belongings to the state they were in prior to the loss.
For example, hail damaged the table of your patio set. Your insurer will only replace the damaged table, not the complete set.
Your insurer also has to pay you for the damage within 60 days of receiving your claim or any information or supporting documents it may request.
Repairing your condo
And if your condo is damaged, a plan will have to be drawn up to evaluate the cost of rebuilding the damaged premises. This part is handled by the condominium syndicate's insurer. However, if improvements were made to your condo since it was built, it's your insurer that will pay the difference between the original construction and its state at the time of the loss.
Choosing a supplier or contractor
You can use a supplier or contractor of your choice to repair or replace an item or rebuild the damaged premises. However, discuss it first with your insurer so that you can agree on the indemnity amounts.
And remember: you'll have to deduct the amount of your policy deductible from the indemnity amount you receive from your insurer for each claim you make.