![]() ![]() With that in mind, we’ve created a flood prevention checklist, for both indoor and outdoor, below. In an ideal world, you’d never submit an insurance claim. Water damage coverage & flood insurance can help pay to cover some of the damage, but the displacement from our homes, the claims processes, and the tragedy will live on forever in our minds. Storm and flooding activity not related to saltwater, tsunami, or coastal floodĪ report from the Centre for Research on the Epidemiology of Disasters (CRED) states that the cost of natural disasters rose 14-fold since the 1950s. Overland water may be included in base policy depending on risk Ground water coverage: (only if you have overland water) covers against sudden water through the foundation from underground water sources Overland Water: Sewer backup and overland water H20+ covers damage from freshwater flooding, groundwater, and surface waterĮnhanced Water Damage: Sewer Backup, septic system failure, sump pump or drain failure WaterEscape Plus (overland water + sewer backup)* Groundwater & sewer backup: Depending on risk level, you may need to pay for this protection, sometimes it comes standard. ![]() Discharge/ backing up or overflow of water or sewage. ![]() Water damage from water escape, burst pipes, leaking appliances and water entering the home resulting from an opening caused by an insured peril, freezing within heated portion of the home and ice back up.Ĭomprehensive Water provides coverage for loss or damage caused by: Water Plus endorsement: Includes flood and sewer backup coverage based on the level of risk* Overland Water endorsement: For Alberta and Ontario residents that have purchased Sewer Backupįlood rider: Freshwater and heavy rain or snowmelt*Įnhanced water endorsement: Protects against water entering the home from entry points like window and doors* Sewer backup endorsement:Available across Canada *Available in Alberta, New Brunswick, Nova Scotia, and Ontario)īurst pipes, leaky appliances, wind & hail damageĮnhanced Water Endorsement: includes water damage resulting from certain types of sewer backup, surface water and torrential rainĮnhanced water damage: including sewer backup, water overflow from freshwater, heavy rain, or groundwater* Limited sewer backup: for damage caused by the escape of water from a sewer, drains, sump pit or septic pump enhanced water damage: including sewer backup, water overflow from freshwater, heavy rain, or groundwaterįor QC residents: Groundwater, sewer water, and overflow of a body of water* See the chart below for more details on available flood insurance coverage:Ĭoverage for burst pipes, leaking appliances, storm waters, spring thaw, accumulated rain, and other types of freshwater flooding with limitations Here is a list of insurance companies and the water protection they offer, either as a standard or an optional endorsement. However, with the increase in flooding and their intensity, we do see some home insurers adapt. Most home insurance policies in Canada don't protect you from floods arising from anything other than a burst pipe. The most inclusive policy covering the building and its contents from all risks, except for some optional coverages such as sewer back-up, earthquakes, or overland water. For example, if you drop your TV while moving it and it scratches the floor the floor is covered, but not the TV. It makes it the cheapest, albeit the riskiest form of home insurance.īroad insurance covers the structure of your home, but not its contents (unless you've named them as a peril). But if your home is vandalized, you have no coverage. To ensure coverage for all potential instances, you must add other water damage and flood insurance endorsements to your policy.Ī basic policy only covers "specified perils." For example, you can buy insurance for a specific event like a lightning strike. But, there are several other examples of water damage beyond a burst pipe. A burst pipe is the result of pressure build-up in your water supply line due to temperature fluctuations and ageing. Most Canadians choose a comprehensive home insurance policy because the pricing difference between all 3 policies is minimal, so why not get the best? Comprehensive insurance covers the home and its contents from a number of risks, except for: earthquakes, war, and, you guessed it flood damage.Ī comprehensive policy will cover your home against water damage from a burst pipe. To begin, there are 3 types of home insurance policies offered in Canada - basic, broad, and comprehensive. Water is the #1 cause of property damage and, for those who can claim it, it’s now the most expensive claims in Canada, surpassing fire. If you're unsure of how your home insurance protects you from water and the many ways it could damage your home, you're putting yourself at risk. ![]()
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