Reasons behind the increase include the increased cost for rebuilding and the increase in insured damages resulting from extreme weather conditions. (compareinsurancesonline.ca)
For example, if a fire causes $ 1,500 in insured damage to your personal property and your deductible is $ 500, then your insurer will pay you $ 1,000. (statefarm.com)
As the northeast coast mourns and struggles in the aftermath of Hurricane Sandy, the U.S. death toll nears 100 and experts estimate up to $ 20 billion in total insured damages. (thenewamerican.com)