Hey there! I just read this crazy article titled RON ROBBED US- We battle home insurance rates triple the U.S., and it’s got me fired up. Basically, the article is talking about how homeowners in certain parts of Ontario are getting ripped off when it comes to home insurance rates.
According to the article, the rates for home insurance in Ontario are three times higher than in the United States. That’s insane! And apparently, it’s all because of a company called the Facility Association, which is a last resort insurer for people who can’t get coverage anywhere else. They’re allowed to charge higher rates because they’re the only option for some people, and that’s just not fair.
Personally, I’ve never had to deal with anything like this. But I do know people who have, and it’s not pretty. I have a friend who lives in the Niagara region and he’s had to fight tooth and nail just to get some basic coverage. It’s ridiculous that people have to jump through so many hoops just to protect their homes.
All in all, I think this is an issue that needs to be addressed. Homeowners in Ontario shouldn’t have to pay three times as much for insurance as their neighbours just across the border. It’s not right. Hopefully, this article will bring some attention to the problem and things will start to change.
Quick Links