--- title: Is Your Coverage Built For Billion Dollar Disasters? description: "Spring has officially arrived, and while you’re busy tossing out those questionable cargo shorts from 2012 (please, let them go), it’s time to spruce up something even more important: your insurance policies." image: https://blog.steersatlantic.ca/hubfs/shutterstock_2772448055.jpg --- [**](https://www.facebook.com/steersatlantic/) [**](https://twitter.com/steersatlantic) [**](https://www.linkedin.com/company/steersinsuranceatlantic/) [**](https://www.instagram.com/steersinsuranceatlantic/) [Home](https://www.steersatlantic.ca/?hsLang=en-ca) [Contact Us](https://www.steersatlantic.ca/contact-otc-insurance-brokers?hsLang=en-ca) 888-295-7474 [![steers-logo-1](https://blog.steersatlantic.ca/hs-fs/hubfs/steers-logo-1.png?width=813&height=321&name=steers-logo-1.png)](https://steersatlantic.ca/) [![GET A QUOTE](https://no-cache.hubspot.com/cta/default/6109970/83e767f7-64ca-4507-b512-9802bad0d339.png)](https://cta-redirect.hubspot.com/cta/redirect/6109970/83e767f7-64ca-4507-b512-9802bad0d339) ![business-meeting](https://blog.steersatlantic.ca/hubfs/OTC_Insurance_February2020%20Theme/Images/business-meeting-1446005-sm-2-1.jpg); ![Contractors Pollution](https://blog.steersatlantic.ca/hubfs/OTC_Insurance_February2020%20Theme/Images/Contractors%20Pollution-2058-72dpi-1-1.png); ![Marine Cargo](https://blog.steersatlantic.ca/hubfs/OTC_Insurance_February2020%20Theme/Images/Marine%20Cargo%2024843636_s-3-1.jpg); ![crime insurance](https://blog.steersatlantic.ca/hubfs/OTC_Insurance_February2020%20Theme/Images/crime%20insurance%2080155537-72dpi-1-1.png); ![business-meeting](https://blog.steersatlantic.ca/hubfs/OTC_Insurance_February2020%20Theme/Images/Condo%20living-room-2155353-72dpi-1-1.jpg); ![Contractors Pollution](https://blog.steersatlantic.ca/hubfs/OTC_Insurance_February2020%20Theme/Images/Auto%20Ins%20Brunette-Teen-in-Red-Car-1.jpg); ![Marine Cargo](https://blog.steersatlantic.ca/hubfs/OTC_Insurance_February2020%20Theme/Images/atvs-2751246-72dpi-1-1.jpg); # Steers Insurance Blog # Is Your Coverage Built For Billion Dollar Disasters? Posted by [Steers Blogging Team](https://blog.steersatlantic.ca/blog/author/otc-blogging-team) on May 21, 2026 10:00:00 AM - [Tweet](https://twitter.com/share) ![shutterstock_2772448055](https://blog.steersatlantic.ca/hs-fs/hubfs/shutterstock_2772448055.jpg?width=737&height=280&name=shutterstock_2772448055.jpg) From wildfires to floods and hailstorms, natural disasters made summer 2024 the costliest on record. For the first time ever, weather-related insured losses in Canada topped **$8.5 billion**, according to Catastrophe Indices and Quantification (CatIQ). That’s **12 times higher than the average annual losses from 2001 to 2010**. A single hailstorm in Calgary caused over $3 billion in insured losses in just over an hour. It’s a big wake-up call to always stay prepared, no matter where you’re located. **Emergency Preparedness Matters** Disasters can strike without warning, and being ready can make all the difference. It’s not about living in fear, but having the right tools and knowledge to protect yourself and your family for at least 72 hours if something happens. **Start with a Grab-and-Go Bag** Having a bag packed with essentials, from water, snacks, and first aid to important docs, allows you to act fast. ![Steers_Grab-Go-Bag (1)](https://blog.steersatlantic.ca/hs-fs/hubfs/Steers_Grab-Go-Bag%20(1).jpg?width=1081&height=1081&name=Steers_Grab-Go-Bag%20(1).jpg) **Protect Your Property** We can’t control the weather, but we can make our homes less of a target. A little preparation now can save a lot of stress (and money) later. **Prepare for the storm. **Download our checklist of things to do before a storm hits — from securing heavy objects and fuelling generators to clearing gutters and inspecting your roof. [![DOWNLOAD CHECKLIST](https://no-cache.hubspot.com/cta/default/6109970/dba2fea3-d4d2-4ab8-852b-85bac6fd7af5.png)](https://cta-redirect.hubspot.com/cta/redirect/6109970/dba2fea3-d4d2-4ab8-852b-85bac6fd7af5) **Solid Coverage Is Crucial** Insurance is a safety net for renters and owners. It can save your financial assets and cover repair costs. If you’re not sure what your policy covers, don’t wait for the disaster to hit. Steers Insurance has your back. As Atlantic Canada’s trusted independent broker, we work for you, not the insurance companies. We’ll dig up the perfect plan, clear any doubts, and handle the fine print - we love insurance… so you don’t have to. Get in touch with us today for a free personal or commercial policy assessment. We’ll help you find a plan that covers what matters and brings you peace of mind.   ### Does Your Policy Fit you? ![Small Office 104662907](https://blog.steersatlantic.ca/hs-fs/hubfs/Small%20Office%20104662907.png?width=221&name=Small%20Office%20104662907.png) Your business has grown and evolved; perhaps your insurance should too.  Put us to work with our free no obligation assessment.   [![Free Commercial Insurance Assessment](https://no-cache.hubspot.com/cta/default/6109970/8c5d4c50-98f0-4e77-a002-e27b394ca3d3.png)](https://cta-redirect.hubspot.com/cta/redirect/6109970/8c5d4c50-98f0-4e77-a002-e27b394ca3d3) ### Subscribe Here! ### Recent Posts ### Posts by Tag - [Home Insurance (60)](https://blog.steersatlantic.ca/blog/tag/home-insurance) - [Commercial Insurance (55)](https://blog.steersatlantic.ca/blog/tag/commercial-insurance) - [Auto Insurance (15)](https://blog.steersatlantic.ca/blog/tag/auto-insurance) - [Cyber Insurance (15)](https://blog.steersatlantic.ca/blog/tag/cyber-insurance) - [Commercial Property Insurance (12)](https://blog.steersatlantic.ca/blog/tag/commercial-property-insurance) - [Home Base Business (8)](https://blog.steersatlantic.ca/blog/tag/home-base-business) - [About OTC Insurance (7)](https://blog.steersatlantic.ca/blog/tag/about-otc-insurance) - [Environmental Insurance (7)](https://blog.steersatlantic.ca/blog/tag/environmental-insurance) - [Property damage (7)](https://blog.steersatlantic.ca/blog/tag/property-damage) - [Overland Flood Insurance (4)](https://blog.steersatlantic.ca/blog/tag/overland-flood-insurance) - [Continuity Insurance (3)](https://blog.steersatlantic.ca/blog/tag/continuity-insurance) - [Preventative Maintenance (3)](https://blog.steersatlantic.ca/blog/tag/preventative-maintenance) - [Women in Business (3)](https://blog.steersatlantic.ca/blog/tag/women-in-business) - [Inflation (2)](https://blog.steersatlantic.ca/blog/tag/inflation) - [Personal Insurance (2)](https://blog.steersatlantic.ca/blog/tag/personal-insurance) - [Boat Insurance (1)](https://blog.steersatlantic.ca/blog/tag/boat-insurance) - [Health and Safety (1)](https://blog.steersatlantic.ca/blog/tag/health-and-safety) - [Home Inventory Checklist (1)](https://blog.steersatlantic.ca/blog/tag/home-inventory-checklist) - [Travel Insurance (1)](https://blog.steersatlantic.ca/blog/tag/travel-insurance) [See all](https://blog.steersatlantic.ca/blog/is-your-coverage-built-for-billion-dollar-disasters#) [![steers_reverse](https://blog.steersatlantic.ca/hs-fs/hubfs/steers_reverse.png?width=499&height=257&name=steers_reverse.png)](https://steersatlantic.ca/)   130 Eileen Stubbs Avenue Unit 7 Dartmouth, NS  B3B 2C4 **Tel:** (902) 481-0700 **Toll-Free:** (888) 295-7474 **Fax:** (902) 481-1812 [hello@steersinsurance.com](mailto:hello@steersinsurance.com) © 2023 Steers Atlantic Inc.