Brokers prepare for big hail deductibles

The ‘new normal’ of record-setting hailstorms in Alberta may be leading to a ‘new normal’ of higher and peril-specific deductibles for customers, Alberta brokers say.

“We need to make sure our clients are aware that a hail claim on their house will have a much higher deductible than what they’ve had in the past,” said Julie Crawford of The Insurance Place. “Last year, they might have had a claim that had only a hail deductible of $500. This year, the minimum is $1,500. And it could be more depending on which company it is and where their home is located.”

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