Posts Tagged Moller Insurance

The Insurance Side of a Home Explosion

The Insurance Side of a Home Explosion

Insurers Await Cause of Loss in Mississauga Explosion Aftermath

As residents begin to return home following the mysterious house explosion that destroyed swaths of a Mississauga street, uncertainty remains surrounding the blast’s cause.

Pete Karageorgos, director of consumer and industry relations‎ at the Insurance Bureau of Canada, says that’s the burning question for insurers and adjustors, many of whom are awaiting access to affected areas.

“Part of the question that has yet to be answered for the insurers and the community is the cause of the loss,” he says. “The impact and damages are due to an explosion – but explosions don’t just happen. What was the factor that triggered that, and might there be any liability for another third party as a result of that explosion?”

Suspicions of foul play behind the blast have arisen, as it was revealed one of the deceased residents of the house was convicted of murder in the city in the 1980s. Handwritten notes with troubling messages found at the scene are currently being analyzed as evidence by Peel Region Police. Should criminal actions be a factor, it will complicate any resulting claims, says Karageorgos.

“Like any insurance claim, if the cause of loss was due to the intentional actions of an insured, or criminal actions, then the property the insured was affiliated with will likely have its claim denied,” he says. “Neighbouring properties would be fine. But if it was determined that it was an intentional and criminal act, odds are the insurers will deny any coverage.

“If there are mortgages in place and lenders who may have a claim, that would be the next step in terms of assessing who may have a valid claim.”

The full extent of damage has yet to be determined by adjustors, as roughly 69 addresses remain uninhabitable. However, progress should move quickly, stated Mississauga Fire Marshal Tim Beckett to the media, now that response teams have entered the ‘recovery phase’. Sections of the site will be released to residents and insurers over the coming days, allowing adjustors to board up affected houses and being their assessments.

Karageorges adds the incident holds a valuable lesson for brokers, as many area residents, while knowledgeable about who their insurance was with, seemed in the dark concerning their specific policies. “It’s worthwhile for the broker community to note… this really highlights that events like this do happen, and it’s incumbent of those in the industry to continually eduate customers to help them understand what their policies have and cover,” he says.

“As an industry we have to do a better job of educating people because the types of coverages within a policy that people don’t understand such as coverage for the dwelling, the contents, the additional living expenses, there are various layers of the policy that people don’t understand and take for granted.”

Graham, Penelope. “Insurers Await Casue of Loss in Explosion Aftermath.” Insurance Business Canada. Insurance Business Canada, 05 July 2016. Web. 05 July 2016.

Posted in: Home Insurance, Insurance, News & Events

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How to React After an Accident

How to React After an Accident

You just got into a fender bender on your way to run a quick errand. What should you do now?

Stay calm and read on – to learn how to react to make sure that the process goes as smooth as possible.

Get The Facts

Sounds easy, but many people forget to do this after an accident for one reason or another. It is important to get the names, address, and phone numbers of everyone involved. Also gather a description of the car(s) and licence plate number(s), and make sure to get the insurance company and the vehicle identification number of everyone involved when you’re at the scene of the accident.

Auto Accident Reaction Tips

  • Get out of your vehicle and provide assistance to anyone who is injured.
  • Call the police or highway patrol immediately. They can then contact emergency personnel for you, if needed.
  • Take photographs of your damaged vehicle and the scene. Note the date and time that the images were taken.
  • Protect the accident scene by setting up flares, putting up cones or moving your vehicle off the road. Keep these items in your trunk at all times in the event of an accident.
  • Once the police arrive, give them as much information as you can about what occurred. Do not admit fault; simply give the facts.
  • Ask the investigating officer for a copy of the police report, as you may have to submit it with your insurance claim.
  • Note the licence plate number, make, model and year of each car involved. You should also note the name of the other driver’s insurance company and driver’s licence numbers.
  • Write down the name and contact information for all witnesses to the accident.
  • Note the name and badge numbers of the police and emergency personnel who assisted with your accident.
  • Write down as many details as you can remember about the accident, and then call Moller Insurance to report your claim.
  • Keep all records of correspondence that you have regarding your claim, including the date, name and title of the person that you talked to about the accident.
  • Keep a record of any expenses that you incurred as a result of the accident. Depending on your policy, you may be entitled to reimbursement for those expenses.

We do more than just help you to avoid claims and arrive at your destination safely. Contact us today to learn more about all of our insurance solutions for your auto, home and life!

Posted in: Car Insurance, Insurance, People

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