10/31/2026
Property insurance claims are becoming a much bigger financial issue across Canada. According to the Insurance Bureau of Canada, catastrophic weather events and wildfires generated approximately $14 billion in insured losses between 2006 and 2015.
During the following decade, from 2016 through 2025, that figure climbed to approximately $37 billion.
📈 That's nearly three times as much.
The average number of claims also nearly doubled over the same period. And in 2025 alone, severe weather caused more than $2.4 billion in insured damage across Canada.
For property owners, the takeaway isn't simply that storms are becoming expensive. It's that understanding your coverage, documenting damage properly, and knowing what to do when a claim becomes complicated is increasingly important.