Sunday February 12, 2012
Protect Your Home
Overland flood insurance not available anywhere in Canada
Released by Insurance Bureau of Canada/Voice file photo
A home outside of the dike on Ballam Rd. was overcome with water during the 2011 freshet.
ith Environment Canada predicting warmer-than-normal temperatures for the rest of the winter across the country, Insurance Bureau of Canada (IBC) asks homeowners: Is your home protected from water damage?
"While everyone is talking about the weather, it's a good time to think about how protected your home is from water damage," says Doug Noble, Alberta and the North Vice-President, IBC. "Don't wait until the water is rising in your finished basement to take steps to protect your property and valuables."
Here are some steps homeowners can take to reduce the risk of water damage to their homes caused by both flooding and maintenance problems around the house:
"Homeowners should also talk to their insurance representative about purchasing sewer backup coverage as an add-on to their insurance policy," suggests Noble.
While overland flooding is not covered by insurance anywhere in Canada, obtaining sewer backup coverage is prudent in low-lying areas, especially if the area has combined storm and sanitary sewers.
About Insurance Bureau of Canada
Insurance Bureau of Canada is the national industry association representing Canada's home, car and business insurers. Its member companies represent 90% of the private property and casualty (P&C) insurance market in Canada. The P&C insurance industry employs over 114,000 Canadians, pays more than $7 billion in taxes to the federal, provincial and municipal governments, and has a total premium base of $40 billion.
For more information about insurance topics, and to view media releases, visit IBC's website at www.ibc.ca
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