Severe thunderstorms with torrential downpours and damaging winds are more common than ever and usually occur with little to no warning. The effects of heavy rainfall can be costly and that’s why CAA Insurance Company is reminding homeowners to protect their property before a loss. “Now is the time to review your home insurance policy to make […]
In the event of a flood, we recommend finding a safe location on high ground for the temporary storage of vehicles and seasonal vehicles such as motor homes, trailers or snowmobiles located in low-lying areas that may be subject to flooding. Customers must ensure that vehicles are properly licensed and insured before they’re operated on […]
Rivers that burst their banks – not unheard of in January – water main breaks, sewer back-up, torrential rains that seep through roofs and windows, an overflowing bathtub … water damage can be a real headache. Insurance Bureau of Canada (IBC) has therefore developed a new interactive tool to help consumers see things more clearly. Accessible to […]
Source: IBC: In today’s world of extreme weather events, $1 billion has become the new normal for yearly catastrophic losses – most of this is due to water-related damage. Flooding and related sewer backup damage is costly for homeowners, businesses, municipalities and insurance companies. But, there are steps you can take to help mitigate risk. […]
Desjardins Group Water is the most common cause of damage and accounts for 50% of home insurance claims costs. And although home insurance policies cover accidental damage resulting from a burst water pipe, a leaking dishwasher or an overflowing bathtub, a recent Desjardins survey reveals that 50% of respondents do not know what types of […]
