Family Protection

Traumatic crimes also have financial burdens associated with them

In today’s society, individuals have become increasingly aware of their personal exposure to home invasions, stalking, child abductions and carjacking.

Despite recent published reports that indicate these exposures are on the decline, statistics show that there are still many Canadian families impacted each year. In 2009, nearly one quarter of a million Canadian properties were broken into with six in ten of those properties registered as residential.

Nothing could be more devastating than a child abduction. It has been reported that 58% of children abducted were taken from their family residence. Stalking is also prevalent, with more than 2.3 million Canadians having been impacted within the last five years.

These kinds of traumatic events create enormous personal challenges and there are also financial expenses associated with overcoming these difficulties. These expenses range from repairs to physical structures, to counseling and psychiatric support to help victims regain their confidence and move on with their lives. Unfortunately, the financial burden of these services is often an additional hurdle, making the road to recovery a difficult and divisive one for many families. Appropriate insurance can help remove these burdens.

From an insurance standpoint, brokers should know companies who offer coverage specifically designed for personal exposure type losses. As consumers look to their insurance policies for protection and financial support, the brokers they consult should explore the coverage options available to them.

They should also review proactive security and lifestyle measures they can take (i.e. installing home alarms, educating family members, keeping personal information private, planning routes and being aware and alert when traveling) to reduce their exposure and protect their families.

Marilyn Horrick is Assistant Vice President, Chubb Personal Insurance, Chubb Insurance Company of Canada.

The views, information and content expressed herein are those of the author and do not necessarily represent the views of Chubb Insurance Company of Canada or of any of The Chubb Group of Insurance Companies. The information provided should not be relied on as legal advice or a definitive statement of the law in any jurisdiction. For such advice, you should consult your own legal counsel.

A TC Media site,
Business Solutions

TC Media

Transcontinental Media G.P
1110 René-Lévesque Bldv W.
Montréal, QC H3B 4X9
(514) 392-9000