Overland flooding is a very important topic in Canada. This is a type of flood that results from the level of water outside of your dwelling rising, allowing water to enter your home. That can be a result of water levels rising in the rivers due to rain or extensive volumes of melted snow, or overflow of dams and channels. This type of flooding is in general not covered in Canada and insurance companies will most likely decline your claims. Some government programs are in place to help homeowners deal with this kind of damage, but from the insurance perspective policy holders are quite unprotected.
Thus it is important to carefully consider the location for your home when buying or building it to avoid areas with a history of overland flooding. Large areas of Alberta (e.g. Calgary) and Ontario (e.g. Toronto) were hit in 2013 by strong overland flooding, resulting in enormous damages.
Overland flooding should not be mixed with other types of flooding at home, such as sewer backup or flooding via neighbours. These types of flooding are typically covered, either through a home insurance policy or additional riders that can be purchased for an extra premium.
- Interested to pay as little as $15/month for home insurance?
- Get a free quote from our partner in 10 minutes and start to save
- Include into your policy all important coverage such as e.g. sewer back up
Get a Home Insurance quote now. Start saving.
Our Publications related to Home Insurance
The arrival of COVID-19 has pushed Canadians, more than ever before, online for finding and applying for insurance and banking products. It is not easy, though, to make the right choice without knowing if a particular insurer will be there when you need them the most. As the largest Canadian review platform with thousands of […]
A prospective buyer is always going to be focused on a condo unit’s view. Unlike a house, these units rarely have multiple windows to the outside in various directions. The exterior wall, which usually is either glass or contains a balcony, is likely the only point of contact with the natural world. While the interior […]
It’s no secret that property prices in many urban areas of Canada are on fire. And it’s not limited to just the core of Toronto and Vancouver. Houses for sale in Hamilton, for example, have doubled in price in the last decade and houses in Mississauga are almost $750,000. It’s increasingly hard for the average […]
Toronto real estate has been tumultuous in the last few years. At first, everything was going, up, up and up. Record low-interest rates made huge mortgages more attractive, and few new suburbs were developed thanks to the Greenbelt. Almost 90, 000 Newcomers were moving to Toronto each year, along with Canadians from other parts of […]
InsurEye Inc has announced the launch of a new website: CondoEssentials. The new site is a condo review platform that has been designed to better inform Canadians about real estate, with a particular emphasis on condominiums. InsurEye has been informing consumers about details of auto, life and condo insurance for years through thousands of independent […]