CAN ONT GVT Flood Disaster Aid

Published on: Dec 3, 2024

On Nov. 29, CAN ONT GVT activated disaster assistance for flooding.

  • CAN ONT GVT activated Disaster Recovery Assistance for Ontarians (DRAO) program.
  • Supporting residents in areas damaged by flooding events on Jul. 15 and 16, 2024.
  • Also flood damage to homes, businesses, due to heavy rains on Aug. 17 and 18, 2024.
  • Overview
  • Disaster assistance program applies to primary residence and its basic contents, or to small business, farm or not-for-profits; provides assistance for emergency expenses.
  • As well as costs to repair / replace essential property that is not covered by insurance.
  • Deadline
  • Residents with no insurance coverage or whose insurance coverage is insufficient to cover essential costs have until Mar. 31, 2025, to apply for program assistance.
Regulators
CAN ONT GVT
Entity Types
CNSM; Corp
Reference
Bul, 11/29/2024
Functions
BCS; Compliance; Financial; Legal; Operations; Risk
Countries
Canada
Category
State
N/A
Products
Corporate; Mortgage
Rule Type
Final
Regions
Am
Rule Date
Nov 29, 2024
Effective Date
Mar 31, 2025
Rule ID
235055
Linked to
N/A
Reg. Last Update
Nov 29, 2024
Report Section
International