In recent years, Canadian homeowners have faced a frustrating trend: rising insurance premiums combined with longer delays in claim resolutions. A recent Globe and Mail article highlights what many of our clients already know firsthand — getting your home rebuilt after a fire, flood, or disaster isn’t just about the damage. It’s about navigating red tape, waiting months for approvals, and dealing with rising rebuild costs that often outpace coverage.
Key takeaways from the article:
-
Rebuild costs are up significantly due to inflation, labour shortages, and materials
-
Insurers are slower to settle — some homeowners are waiting nearly a year for work to begin
-
Temporary accommodations, like hotel stays, are being maxed out long before homes are ready
At Property Worx, we’ve seen this play out across Ontario — homeowners stuck in limbo while adjusters try to align policy limits with today’s inflated construction market. It’s not easy, but having the right restoration contractor and a clear scope of work from the start makes a difference.
If you’re facing a delayed claim or struggling to get started on your rebuild, don’t wait. Reach out — we’ll help you navigate the process and protect your long-term outcome.
👉 Want to read the full article? You can access it here (while available):
Read on The Globe and Mail