海角社区官网

鈥淲hile these preliminary estimates are staggering, we do expect them to go even higher,鈥� IBC Ontario vice-president Ralph Palumbo said in a statement about the storm, which in 海角社区官网alone resulted in record rainfall, travel chaos and power being knocked out for about 300,000 residents.

鈥淚鈥檓 not surprised,鈥� Greg Carraro said Wednesday when told the total cost.

The high school teacher, who lives in Mississauga鈥檚 Cooksville neighbourhood with his wife and two young sons, only returned to live in his home days ago, after weeks of cleaning.

鈥淭he cleanup the next day was the really sobering moment. There were a couple of thick inches of mud on our basement floor and a really horrible smell. That鈥檚 when the reality kicked in,鈥� said Carraro, who knows personally that the storm鈥檚 costs go way beyond insured damage.

His home was also hit with flooding in 2009, and insurance helped redo his basement. But this time, with more extensive damage 鈥� the drywall, furniture and stereo equipment were hit 鈥� Carraro said his insurance hasn鈥檛 come close to covering the true cost.

鈥淚 knew our insurance was 鈥� limited because of our 2009 flood,鈥� he said. 鈥淪o we鈥檝e been penalized 鈥� that really hurt and I don鈥檛 understand why that was the case. I don鈥檛 think that鈥檚 fair.鈥�

While Carraro was aware of his limited insurance before this summer鈥檚 flood, IBC spokesman Steve Kee said others have been surprised by what their insurance did and didn鈥檛 cover.

鈥淪ome people might know what鈥檚 in their policy but a lot of people don鈥檛 know,鈥� he said, adding people should check specifics, including backed-up sewers and car flooding.

A GO Train was stranded by floodwaters and cars were abandoned during the126 millimetres of rain recorded at Pearson International Airport. The day after the downpour 海角社区官网Mayor Rob Ford said the power system was 鈥渉anging by a thread鈥� and Mississauga later asked the province for disaster relief.

Palumbo said in a statement that the insurance industry was prepared and is able to fulfil obligations to customers but there needs to be further preparation for more frequent severe weather.

The dollar figure was reported by , which tracks losses from Canadian catastrophic events.

PCS previously found that a wind and rain storm in August 2005 cost $671 million and four days of heavy rain in July 2009 cost $228 million.

The most expensive storm in Canadian history so far was the Quebec ice storm of 1998, with economic consequences totalling more than $1.5 billion, Kee said.

There鈥檚 no estimate yet for the flooding in Alberta in June and July, as cleanup work continues and tabulations are changing almost daily.

In two months, Ontario insurers will be asked to update the estimate of total insured losses in 海角社区官网and elsewhere in the province.

Carraro said he won鈥檛 risk another storm in his neighbourhood, which was one of the most devastated 鈥� he was out house-hunting Wednesday.

鈥淲e鈥檙e in the process of looking for a new home because it would stupid for us to stay and wait for the third flood,鈥� he said, 鈥渂ecause it will come.鈥�