ARE YOU COVERED FOR A SHARKNADO

As we prepare for the torrential rains, epic winds, and yet another round of ravenous, thrashing sharks falling from the sky (as in tonight’s debut of Sharknado 3: Oh Hell No!), there is one question to ask yourself: Am I insured for this?

No doubt your home insurance will cover replacing a roof damaged by a plummeting great white, and third party liability coverage will likely take care of any issues arising from sharks landing in your pool – your packed pool, during your annual block party. So on the positive side, material goods and liability should be covered.

But as a friend of mine likes to say ‘if you don’t take care of your body, then where are you going to live’.

Many of us are unaware that the chances of being injured by a shark (about a 1 in 3.7 million) are actually lower than that of being injured by a toilet (about 1 in 6,000) and admittedly your chances of being killed by a shark while in an urban setting are lower still. In fact a cow is apparently 40 times more likely to be the end of you than a shark.

There is no forecast for toilets or cows to be falling from the sky, but the forecast does call for plenty of flying sharks during the evening of July 22, 2015.

Are you covered for injury incurred while fighting off a flying shark? Be it a strained left shoulder brought on by hanging from the leg of a helicopter flying into the eye of the storm, or a separated right shoulder from the weight of the butane cannon you were wielding while hanging from said helicopter. Or perhaps you wrenched your back while wrestling through the belly of a live shark while clinging to a massive chainsaw running at full speed.

Whatever the injury, let’s face it, you could be unable to return to basic duties of work or day-to-day tasks for a few months. Mortgage Protection Plan disability coverage may well have your back. At the inception of your mortgage, one of the many documents to pass in front of you was titled ‘Mortgage Protection Plan’. It offered both life insurance (to cover the outstanding balance) and disability insurance (to assist you with mortgage payments up to two years). Even if you declined the coverage at the time, the option to review the policy options and to apply still exists today, ideally through your original mortgage Broker or directly though Mortgage Protection Plan

No doubt when buying your home it felt like you were in the centre of your own personal Sharknado with one thing to worry about after the other, and it is possible that you put the topic of proper insurance coverage on the back burner…only to forget about it completely since.

Statistically, less than 1% of mortgage holders review their mortgage insurance during the term of said mortgage. Be in the pro-active 1% and contact your Dominion Lending Centres Mortgage Professional today to confirm your status.

There is however no replacement coverage available for the hours of your life lost to a B movie festival (as you can witness in the Sharknado 3 trailer below):