Frequently Asked Questions and Answers
Will insurance rates go up as a result of the Fire Marque program?
With regard to property insurance premiums, the Insurance Bureau of Canada has stated that data collected between 2005 and 2009 shows the cost of $1,000 of home insurance paid by customers in Ontario dropped by 11 per cent during that time.
“Consumers are spending more on home insurance because they’re buying bigger policies to cover the recent rapid rise of home values in Canada and because they have more possessions to insure. Basements, once used to store old clothes and hockey equipment, are now often finished and filled with expensive electronic equipment.”
Insurance companies have already calculated the premiums to include charges for Fire Department services.
Property insurance is very different than Auto insurance.
Who is Fire Marque?
Fire Marque’s Board of Directors have over 170 years of insurance claims experience and over 33 years of firefighting experience.
Can we use the funds that Fire Marque recovers for fire prevention, public education programs and for fire department capital purchases?
Why should a municipality use Fire Marque?
Fire Marque provides a new revenue stream for Fire Departments.
Fire Marque has the insurance claims technical expertise.
Fire Marque owns the intellectual rights to Indemnification Technology®
Fire Marque’s program doesn’t cost anything.
Fire Marque has over a decade of experience and a well established track record all across Canada.
Can Fire Marque recover the cost of a fire investigation?
How much revenue can a Fire Department expect to receive?
Won’t this impact the insurance companies’ bottom line?
If the property owner pays property taxes which include Fire Department charges, why should the Fire Department charge again?
Are there any requirements of the property owner?
Why is the Indemnification Technology® by-law required?
Is Fire Marque Insured?
What happens if there is no insurance coverage for fire department services on the structure?
Can we recover on Hazardous Material incidents?
The regulatory obligation to return a spill site to pre-existing conditions (when possible) is consistent with legal obligations at common law and the insurance principal of making the injured party whole, but with no betterment. The insurers’ obligations are governed by the policy wordings and their contractual duty to their insured.
Why does the municipality need a bylaw? Won't an agreement with Fire Marque do?
Will the homeowner be required to pay a deductible?
Has the Fire Marque Program deterred residents from calling the Fire Department?
What will the homeowner say?
Will the Fire Department Charges reduce the insurance payment?
No. The Fire Department Charges are additional coverages in most homeowner policies. Your agent, broker or adjuster will assist you with these questions.
Are residents concerned about the charges for additional fees or services?
Who has opposed this program?
With our changing environment, many insurers have recognized more than ever the significance of the Fire Marque program. Many insurers have issued additional coverage endorsements for firefighting expenses. The insurance community is gratified that the Municipalities have pledged through their signatures the funds they receive are committed to the fire departments public education programs, and/or the fire departments capital expenditure program, and/or the fire department’s firefighting training program.