Increasingly unwilling to take on what they see as the risks of older Toronto properties, insurance companies are cancelling policies or demanding costly upgrades
After 24 years with the same insurance company, Elizabeth Kimball wasn’t expecting the news she got this summer — Royal Sun Alliance was cancelling the policy on her 100-year-old Toronto house. Thinking it had to be a mistake, Ms. Kimball called her agent. There was no mistake.
When Ms. Kimball asked where she might go to find another policy, her agent replied, “You might want to look in the Yellow Pages.”
(Old Houses New Nightmare continued...)
