Albertans are being hit with more expensive hail coverage because:
- Severe storms have caused more than $5 billion in insured losses since 2020.
- Repair and replacement costs for homes and vehicles are increasing.
- New homes continue to be built in high-risk zones.
Faced with higher premiums and deductibles for hail coverage, Albertans should prioritize protecting their homes and vehicles to minimize hail damage.
Even if you haven’t made a hail claim, your insurance may still take a hit.
Here’s why hail coverage is becoming more expensive and harder to get in Alberta — and how you can protect your property from these damaging storms.
How hail impacts insurance rates
After years of damaging hailstorms and billions in payouts, insurance companies are having Albertans take on more of the costs for hail damage.
Let’s break it down:
Urban Expansion
More homes are being built in risk zones, like NE Calgary.
Record losses
Two recent Alberta storms have cost insurers $5B alone.
Rising costs
Repair & replacement costs are up 485% since 2019.
All adds up to…
Higher premiums and deductibles.
How do I protect my home and vehicle from hail ?
Insurance is your safety net for when things go very wrong. Your first line of defence should always be to protect your property to minimize damage.
6 tips to prepare before the next hailstorm:
Use hail-resistant roofing and siding to increase durability.
Park undercover or use portable hail protection.
Use window safety film to prevent glass from shattering.
Repair damaged or worn areas to your roof.
Trim trees back to prevent falling branches.
Cover and secure outdoor furniture and equipment.
Weather the storm by protecting your property
Find more tips on how to protect your property by reading our Hail Preparedness Guide.
Questions? Contact an Alberta-based Acera Insurance advisor, who can help explain your hail coverage.
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