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The number of wildfires in Alberta over the last decade has increased, and many people have found themselves navigating insurance claims in the aftermath of these natural disasters. Here’s what you should know if you’re property is affected by one of Alberta’s wildfires.

Insurance basics

Fire damage is covered by hometenant, and business insurance policies. However, the risk of property damage is only one consideration. If you have been evacuated as a result of the wildfires there can be many unexpected expenses. Most policies will cover reasonable additional living expenses for up to two weeks if you have been forced to leave your home due to an evacuation order.

Policies can be different so speak to your broker if you have any questions. In addition, keep in mind that fire coverage may be difficult to obtain when there’s an active wildfire, especially if your property is at risk. Being prepared for wildfire season in advance is crucial.

How to File A Claim

If you’ve been affected by a wildfire, follow these steps:

  • As much as possible, document the damage. Pictures are especially helpful.
  • Contact your insurer.
  • If you can, gather all proofs-of-purchase for the property and its contents including warranties, contracts, receipts and pictures.
  • Save all receipts issued for cleaning and repairs, as well as living expenses if you had to evacuate.
  • Check with your insurer to find out what living expenses are covered and for how long.

Once you’ve submitted your claim, your file will be assigned to a claims adjuster who’ll help you through the process of verifying your claimed expenses and completing the process.

Above All – Stay Safe!

Always remember that safety should be prioritized. If you live in an area that’s susceptible to wildfires, make sure to secure your property and remove flammable materials from around your home either entirely or at a safe distance from the home. If a wildfire occurs, be ready to evacuate and follow all directives given by authorities.

Read Our Blog About Being Prepared in the Face of a Wildfire

Speak to local fire authorities to find what other measures you can and should take to protect your property from damage by a wildfire. Your insurance broker will also have tips and advice that pertain specifically to your policy.

Home and Fire Insurance in the Edmonton area

Alberta insurers are familiar with the dangers of wildfires and working with a trustworthy broker is crucial to ascertaining that you and your family are well-protected. Contact us today at MBS Insurance Brokers to learn more about our services or to get a free quote.

How an Insurance Broker Saves You Time and Money

Do you know the benefits of an insurance broker?

Suppose you’re looking for the best insurance coverage at the best rates in Edmonton. In that case, you’ll first want to understand the benefits of an insurance broker and how they can help protect you in all sorts of different situations – whether it be saving you money, time or giving you simple peace of mind.

What Are the Benefits of an Insurance Broker?

Here are some of the many benefits of an insurance broker.

 

1. Saves Time

An insurance broker does all the work for you, so you don’t have to spend your valuable time shopping around for insurance. Instead, you simply provide your broker with information about your needs, and they shop the markets on your behalf.

 

2. Saves Money

Insurance brokers work with many different partners to find the best deals on the insurance that works for you. They take all your needs into account and make recommendations that are in your best interest. They have relationships with many insurance partners and can negotiate competitive rates and discounts, saving you money in the long run.

3. Expert Knowledge and Advice

An insurance broker provides you with the support and expertise you need to find coverage that suits your needs. They work with various products and services to find the coverage that best suits you. In addition, they can draw from an extensive knowledge base and experience to advise you on the best options. 

Insurance Brokers provide expert and unbiased advice. A wealth of knowledge about coverage and market rates combined with expert risk assessment ensures your possessions and business are adequately protected. Whether you are looking into auto insurance rates, tenant insurance, or home insurance rates, your insurance broker can help you every step of the way.

You can utilize their expertise to quickly identify your options and rely on their unbiased advice to help you make the best-informed decision for your situation.

 

4. Working For Your Best Interests

Since insurance brokers do not work with one particular company, they have nothing to gain from recommending a specific product. The insurance company also pays them a standard commission. Thus, there is no financial incentive to choose one insurer over another.

Insurance brokers have your best interests in mind. You can count on them to find you the best rate possible, which can give you the peace of mind you need. You can rest assured knowing that if you ever need to file a claim, one of our brokers will be there by your side to guide you every step of the way. They act as an advisor on insurance-related matters. They will shop the market for the best coverage and rates for you. Since fulfilling your needs is their only priority, they will provide independent, unbiased advice on the right coverage for your situation.

5. Privileged access and rates

Insurance Brokers have access to a wide selection of the best insurance companies in the country. These insurance companies are only accessible by Insurance Brokers. They do not deal with the public directly or with Direct Writers. Brokers enjoy long-standing relationships with these insurance companies. Still, they do not have an affiliation with any specific insurer, enabling brokers to provide you with a broader range of options at competitive rates.

 

6. Transparency

Insurance brokers must give full disclosure about their compensation and its effect on your insurance premium.  They are also required to declare any financial links with specific companies that may be a conflict of interest, enabling you to make the best-informed decision.

 

7. Risk and Advocacy Experience

Extensive experience dealing with different clients and claim situations equips insurance brokers with a broader perspective on how to reduce your risk. Also, in the event of a claim, you can count on your broker to act as your advocate with the insurance company and handle your claim fairly and promptly.

Speak to MBS Insurance in Edmonton about your Coverage

Reach out to MBS Insurance today to determine your home, auto, and commercial coverage options. Over the past 45 years, our experienced team of insurance brokers in Edmonton has earned the trust and loyalty of our clients by delivering superior products and services. We understand your needs and provide you with the best protection and rates.

There are many benefits of an insurance broker. We can help you understand the intricacies of your insurance plan while saving you money at the same time. We are a trusted insurance provider in Edmonton and provide personal and commercial insurance policies to people living in Alberta. We offer the best rates on recreational, auto, property, commercial, and group insurance policies. 

Contact us online for a free quote or by phone at 780-436-7880.

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This article was originally published on October 7, 2016, and updated for 2021.