1. Rebuilding costs have increased
Home insurance covers the cost to rebuild, not market value. Lumber, roofing, insulation, and labor costs have risen significantly. According to the Insurance Bureau of Canada, residential construction costs have increased 66 percent since 2019, directly impacting premiums.
2. Severe weather claims are increasing
More frequent storms, flooding, and winter damage mean higher claims across the industry. Insurance shares risk, so when claim costs rise, premiums adjust accordingly.
3. Inflation affects every part of
a claim
Inflation increases the cost of equipment, transportation, temporary housing, and specialized repair services. Higher claim costs translate to higher premiums to maintain adequate protection.
Why Premiums Vary from Home to Home
Even homes on the same street can have different premiums. Key factors include:
- Age and condition of the home
- Roof, plumbing, and electrical updates
- Claims history
- Deductible
choices
- Water and flood coverage options
Lower premiums may mean higher deductibles or reduced coverage, which can leave gaps after a loss.
How Stanley Mutual Stands Out
With our policies, you can highlight the value of:
- Quick Pay Claim Program – Claims settled in 24–48 hours
- Member Care Program – Supporting clients
beyond the claim
- Local expertise – Our team lives and works in the same communities as your clients, providing responsive, personalized service
🔑Key Talking Points
- Rising premiums reflect real-world rebuilding and repair costs, not company-specific pricing.
- Severe weather and inflation are industry-wide factors, not just localized trends.
- Coverage levels and limits
are just as important as price – help clients understand gaps in low-cost policies.
- Emphasize the value of Stanley Mutual’s claims support, local knowledge, and Member Care Program.
At Stanley Mutual, we’re more than a service provider. We’re your local insurance partner and are here to answer your questions and support you every step of the way.
Together, We Are Stronger
