Property owners face insurance coverage gaps as reconstruction costs outpace policy limits

Homeowners and property owners in Quebec are discovering their insurance policies don't cover the actual cost of rebuilding after damage, as construction and material costs have risen significantly. Current insurance policies are undervalued relative to real rebuilding expenses, leaving owners facing massive out-of-pocket costs after disasters. Existing coverage calculations fail to account for inflation in labor and materials, creating a dangerous gap between what people think they're covered for and what rebuilding actually costs.