Cavendish Community Ratepayers Association...FOCA Partnership Association Insurance program launches...
Transcript of Cavendish Community Ratepayers Association...FOCA Partnership Association Insurance program launches...
www.cadeinsurance.com
June 21st, 2014
Darlene M. Cade
Ross D. Fraser
Cavendish Community Ratepayers Association
www.cadeinsurance.com
About Us
Cade Associates based in Etobicoke since 1996
The Cade Name has been known in
the insurance industry for more than 70 years
An office of life-long Cottagers
We pride ourselves on being
knowledgeable insurance professionals
and providing hands-on service
to our clients
We learned a long time ago to stick to what
we know best
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Trends in the Industry
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$3,200,000,000 in industry claims payments for 2013
Alberta – April 2013 Significant rainfall & floods
Toronto – July 2013 Unprecedented rainfall & backup
Toronto – December 2013 Ice storms & power loss
Angus – June 2014 Tornado and windstorm damage
Recent Catastrophic Claims
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“Flood” means:
• Water on or below the surface of the ground, including spray, ice, or
waterborne objects
• Flood Insurance is not available for personal property in Canada
“Water Damage” can mean:
• Sudden & accidental escape of water from water systems
• Water damage caused by water entering by means of an insured peril
• Sewer Backup can be added in for additional premium
Flood vs. Water Damage
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Individualization of Coverages
Windstorm Hail Water Damage
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Ontario Auto Insurance
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Insuring Your Cottage 4 Things to Consider
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Limits of Insurance
Rebuilding Value Single Limit of Insurance Value of Personal Property
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Earthquake
Water Unless sudden & accidental
Freezing
Moths, Insects, or Vermin
Cracking, Settling
Wear & Tear, Mechanical Breakdown
Vacant Property; Dwelling Under Construction
Intentional/Criminal Acts
Illegal Property
By-laws
Nuclear, Radioactive Material, War, Terrorism
Data Problems
Coverage – Standard Exclusions
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Coverage – Named vs. All Perils
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Coverage Replacement Cost v. ACV
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Watercraft Physical Damage & Liability
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Liability
Waterfront Exposures Umbrella Liability Premises Liability
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FOCA Partnership
Association Insurance program launches in 2006
Stand-Alone Cottage Insurance Program launches in 2011
Cade Associates becomes official insurance partner of FOCA in 2012
CottageFirst Group Program launches at Spring Cottage Life Show in 2014
FOCA Partnership
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Broad Homeowners available on most cottage properties:
• All Perils on Main Building, Guaranteed Replacement Cost in most cases
• Named Perils for Contents: Fire, Lightning; Explosion; Smoke; Falling
Objects; Impact by Aircraft or Land Vehicle; Riot; Vandalism or Malicious
Acts; Windstorm, Hail; Transportation; Rupture, Water Escape (Including
Sewer/Septic Backup); Theft; Electrical Damage; Collapse; Damage by Fuel
Oil; Damage by Bears.
Perks include:
• Exclusive pricing for FOCA members offered by the Insurer
• Broker and Insurer with an understanding of cottage properties
• Increased standard limits for jewellery with discounts to increase limits
• One-stop solution with a ‘right sized’ independent insurance broker
CottageFirst Coverage & Perks
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CottageFirst Bundling
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Stand-Alone Cottage Insurance
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Stand-Alone Coverage
Stand-Alone Option:
• Option for those not ready to move their entire insurance portfolio
• Excellent “Named Perils” form available for most cottages and “Broad Form”
available for some year-round properties
• Coverage available for cottages used for rentals up to 90 days per year
• FOCA Discount of 5% for Members
• Available for out-of-province and US residents with cottages in Ontario
• Replacement Cost on Dwelling and Personal Property
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Darlene – [email protected]
Ross – [email protected]
Any Questions?
1-844-CADE-1ST | 416.234.9980
facebook.com/cadeinsurance