Extreme weather and aging plumbing contribute to an increasing risk of water damage.
RSA’s property experts have provided these simple pointers to help minimize the risk to your home. These tips can have an immediate impact on protecting your home and your valuable possessions.
Tips for Preventing Outdoor Water Damage
Check your eavestroughs and downspouts every spring [...]
insurancebroker.ca has recently launched the Professional Liability Insurance Centre for professionals working in a wide variety of businesses and professions.
Most brokers and agents do not specialize in Professional Liability Insurance so you may not be able to obtain the right coverage for your business from your current broker or agent. Besides, we know that you [...]
Galvanized Steel Piping was used in Canada until the mid 1960s and can be identified by the one inch diameter piping with threaded connections. By the 1970s, copper piping became the standard. Today, plastic piping is popular as it is light, easy to work with, and generally less expensive than copper piping.
Insurance Issues
The [...]
60 amp service was typically installed in homes prior to the 1960s and is characterized by a fuse box as opposed to the breakers that you will find with 100 amp service.
Insurance Issues
60 amp service can handle an average number of lights and receptacles. Problems occur as a result of the following:
the addition of more [...]
A claim reserve is the amount of money set aside by the insurance company for reported but unpaid claims. The reserve is usually set when a claim is reported to the insurance company and is really an estimate as to how much the claim will cost. Insurance companies must also set aside money [...]
Knob and tube wiring was in common use until the 1950s and consists of two wires (black/hot and white/neutral), separated by ceramic knobs and ceramic tubes.
Insurance Issues
Insurers consider knob and tube wiring to be higher risk than other types of electrical installations because there is no third ground wire, and the wires can be exposed [...]
Co-insurance is a clause in an insurance policy that requires the insured to carry a certain percentage of insurance in relation to the actual value or replacement cost of the property insured.
The co-insurance clause is usually found in business and commercial insurance policies and is typically part of the building, contents, stock and/or equipment limit [...]
Many homes and cottages use woodstoves as a primary or auxiliary source of heat and as well as a source of enjoyment.
Insurance Issues
Wood burning stoves can pose a serious fire hazard if they are not installed or operated properly. Creosote can build up in the chimney and provide a perfect fuel for a chimney [...]