What happens if my insurance company goes bankrupt?
If this involves insurance of persons, you can contact Assuris. Subject to certain maximum amounts, Assuris protects Canadian policyholders against loss due to the financial failure of a life and health insurance company. For more information regarding insurance coverage, visit the website www.assuris.ca This link will open in a new window.
For damage insurance companies, namely, automobile and home insurance, you can contact the Property and Casualty Insurance Compensation Corporation. Visit the website www.pacicc.com This link will open in a new window.