Carleton Place, Ont. homeowners facing sky-high home insurance increases

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Rural homeowners living just outside of Carleton Place say they have been slapped with exorbitant home insurance increases.

"My wife and I opened it, we almost fell off our chairs," said Mark Jeremiah, who has owned his home on Drummond Concession Road 11 for seven years now.The information you need to know, sent directly to you: Download the CTV News App

In a statement to CTV News, the Insurance Bureau of Canada said, "In general, insurers price risk based on the existence and level of risk. Individual insurers develop their own risk profiles and have different risk appetites – this changes periodically." The Carepod Spring Sale Is Officially On, And You Can Snag Award-Winning Humidifiers At Major DiscountsBeautyIf You Want Your Dark Circles To Disappear, Add At Least One Of These Under-Eye Concealers To Your CartA member of the Halifax Mooseheads has been suspended for five games after allegedly violating the code of conduct for the team and the Quebec Maritimes Junior Hockey League.

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