Why home protection
matters more than ever.
Rising property losses, rebuilding costs and changing household risks
make preparedness an increasingly important part of homeownership.
Rising national property-loss pressure
IBC reported that insured damage from severe-weather events
exceeded $2.4 billion in 2025.
Inflation-adjusted catastrophic-weather and wildfire losses
reached $37 billion during 2016–2025, compared with $14 billion
during 2006–2015.
National insured-loss totals — not average household claims.
Costs of repair and rebuilding
As reported by IBC on 9 May 2024, residential building
construction costs had risen 61% since January 2019.
Estimated home replacement costs over the same period.
Higher repair costs can increase the financial significance
of otherwise comparable damage.
Preparedness is becoming more important
Public Safety Canada states that one in three Canadian adults
has experienced a major weather-related emergency or disaster
in their lifetime.
Canadians are advised to understand local risks, create a
household emergency plan and prepare an accessible emergency kit.
Protection goes beyond security.
A practical household protection plan considers five connected
areas of preparedness.
-
Security
Entry points, theft, vandalism and documentation.
-
Life safety
Smoke, fire, carbon monoxide and evacuation.
-
Environment
Water, flood, freeze, temperature and power loss.
-
Recovery
Insurance, inventories, emergency contacts and claim readiness.
-
Connected-home resilience
Account security, software updates, communication and privacy.
How to interpret these figures:These statistics describe different measures and reporting periods. They provide national context, not a prediction of the likelihood or cost of loss for an individual household.