Most Common Insurance Claims in Canada
Each year, insurers pay out a high percentage of their revenues in claims. In 2017, that figure was 60 percent according to the Insurance Bureau of Canada. By far, most of the money paid out in claims was in the auto insurance sector, but companies also compensated for insured losses in personal property, liability and other areas.
As a consumer, it may be interesting to know where the risk lies. When insurers pay out a claim, it's a sign you could one day suffer a similar loss. What follows is just a sampling of where the dollars are spent in claim payouts. Some are expected, while others may make you scratch your head.
Original Article Source Credits: RatesDotCA , https://rates.ca/
Article Written By: RATESDOTCA Team
Original Article Posted on: April 29, 2019
Link to Original Article: https://rates.ca/resources/most-common-insurance-claims-canada