Quote:
Originally Posted by Flames in 07
So just to clarify, you know that SOME or ALL losses are insured?
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I wouldn't want to speak to direct figures. Let's say about 80% of the loss is likely covered.
So if you're asking me whether one hundred percent of everything is insured, I couldn't say but would have to say no. Then again we don't have any hard figures from the other levels of government factored in here either.
The thing is that municipalities are insured for these kinds of events. The road repairs, hours of overtime as a result, etc. is almost surely insurable loss. I'm nowhere near the adjuster or insurer here, so take that for what its worth, which is basically some guy on a message board with an opinion.