The recent hailstorm in Calgary one of the costliest natural disasters in Canada's history
A massive hailstorm that hit Calgary last month has resulted in almost $1.2 billion worth of damages.
The storm wreaked havoc when it landed in Calgary, Airdrie, Rocky View County and the surrounding area on June 13, with baseball-sized hail smashing through car windows and shredding the exteriors of houses.
Ah 2020, you're a real bitch aren't yah.— Th3Fr3nch (@Fr3nchGamin) June 14, 2020
This hail storm happened in my province, and smashed up cars, houses and caused flooding in Calgary, Alberta.
I can't remember a storm this bad in this province. pic.twitter.com/B9eqSymVte
The storm has now become the fourth costliest natural disaster in Canadian history and the costliest hailstorm of all time.
According to Catastrophe Indices and Quantification Inc. (CatIQ), the most expensive insured natural catastrophe on record is the 2016 Fort McMurray wildfire, which cost almost $4 billion. The next highest loss was in 2013, which was $3.5 billion and included the flooding in southern Alberta.
CatIQ report that the majority of the damage was done to personal property and vehicles, with a smaller percentage of damages to commercial property.
"Our thoughts are with those affected by this devastating storm, and we are here to help Albertans fix their homes, cars and businesses," said Celyeste Power, Vice-President, Western, Insurance Bureau of Canada (IBC).
Damage caused by hail and wind is typically covered by home, commercial and comprehensive auto insurance policies.
"Albertans know too well the stress, turmoil and financial hardships that severe weather events can cause," Power added.
"Of the 10 most costly disasters in Canada, six of these have hit Alberta. Fortunately, Albertans are resilient and continue to come together in difficult times like these."
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