Cavendish Community Ratepayers Association...FOCA Partnership Association Insurance program launches in 2006 Stand-Alone Cottage Insurance Program launches in 2011 Cade Associates

www.cadeinsurance.com

June 21st, 2014

Darlene M. Cade

Ross D. Fraser

Cavendish Community Ratepayers Association


About Us

Cade Associates based in Etobicoke since 1996

The Cade Name has been known in

the insurance industry for more than 70 years

An office of life-long Cottagers

We pride ourselves on being

knowledgeable insurance professionals

and providing hands-on service

to our clients

We learned a long time ago to stick to what

we know best


Trends in the Industry


$3,200,000,000 in industry claims payments for 2013

Alberta – April 2013 Significant rainfall & floods

Toronto – July 2013 Unprecedented rainfall & backup

Toronto – December 2013 Ice storms & power loss

Angus – June 2014 Tornado and windstorm damage

Recent Catastrophic Claims


“Flood” means:

• Water on or below the surface of the ground, including spray, ice, or

waterborne objects

• Flood Insurance is not available for personal property in Canada

“Water Damage” can mean:

• Sudden & accidental escape of water from water systems

• Water damage caused by water entering by means of an insured peril

• Sewer Backup can be added in for additional premium

Flood vs. Water Damage


Individualization of Coverages

Windstorm Hail Water Damage


Ontario Auto Insurance


Insuring Your Cottage 4 Things to Consider


Limits of Insurance

Rebuilding Value Single Limit of Insurance Value of Personal Property


Earthquake

Water Unless sudden & accidental

Freezing

Moths, Insects, or Vermin

Cracking, Settling

Wear & Tear, Mechanical Breakdown

Vacant Property; Dwelling Under Construction

Intentional/Criminal Acts

Illegal Property

By-laws

Nuclear, Radioactive Material, War, Terrorism

Data Problems

Coverage – Standard Exclusions


Coverage – Named vs. All Perils


Coverage Replacement Cost v. ACV


Watercraft Physical Damage & Liability


Liability

Waterfront Exposures Umbrella Liability Premises Liability



FOCA Partnership

Association Insurance program launches in 2006

Stand-Alone Cottage Insurance Program launches in 2011

Cade Associates becomes official insurance partner of FOCA in 2012

CottageFirst Group Program launches at Spring Cottage Life Show in 2014

FOCA Partnership


Broad Homeowners available on most cottage properties:

• All Perils on Main Building, Guaranteed Replacement Cost in most cases

• Named Perils for Contents: Fire, Lightning; Explosion; Smoke; Falling

Objects; Impact by Aircraft or Land Vehicle; Riot; Vandalism or Malicious

Acts; Windstorm, Hail; Transportation; Rupture, Water Escape (Including

Sewer/Septic Backup); Theft; Electrical Damage; Collapse; Damage by Fuel

Oil; Damage by Bears.

Perks include:

• Exclusive pricing for FOCA members offered by the Insurer

• Broker and Insurer with an understanding of cottage properties

• Increased standard limits for jewellery with discounts to increase limits

• One-stop solution with a ‘right sized’ independent insurance broker

CottageFirst Coverage & Perks


CottageFirst Bundling


Stand-Alone Cottage Insurance


Stand-Alone Coverage

Stand-Alone Option:

• Option for those not ready to move their entire insurance portfolio

• Excellent “Named Perils” form available for most cottages and “Broad Form”

available for some year-round properties

• Coverage available for cottages used for rentals up to 90 days per year

• FOCA Discount of 5% for Members

• Available for out-of-province and US residents with cottages in Ontario

• Replacement Cost on Dwelling and Personal Property


Darlene – [email protected]

Ross – [email protected]

Any Questions?

1-844-CADE-1ST | 416.234.9980

facebook.com/cadeinsurance

Documents

Cavendish Community Ratepayers Association...FOCA Partnership Association Insurance program launches in 2006 Stand-Alone Cottage Insurance Program launches in 2011 Cade Associates