🇨🇦 Ratehub.ca is proudly Canadian-owned and operated, headquartered in Toronto and Montreal.  Nov 08, 2025 Protect your home from potential risks. Let’s get started The 2025 Federal Budget includes several plans that could impact what you pay for home insurance, addressing the risks of wildfires, floods and earthquakes. In an effort to reduce severe-weather damage, the government is investing $257.6 million over four years to boost wildfire-fighting capacity. The Build Communities Strong Fund will also allocate $6 million to support projects that may include flood protection. Severe weather like fires and floods have already resulted in expensive claims in Canada– $8.5B in insured losses in 2024– driving up home insurance premiums for everyone. The budget also outlined plans to improve earthquake insurance, as a major earthquake could lead to billions of dollars in losses. In areas at highest risk, such as B.C and Quebec, insurance is becoming increasingly difficult and expensive to secure. These initiatives could reduce future-climate-related damage, resulting in fewer claims and potentially ease rising premiums for Canadians. However, it’s best to protect your home from potential risks now to avoid unexpected costs later. Find your best rate today by comparing home insurance quotesfrom Canada’s top providers. |
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