VANCOUVER, Feb. 28 /CNW/ - After a wet fall and snow-filled winter,
experts are forecasting a high probability for a spring flood in
Manitoba and Saskatchewan. Insurance Bureau of Canada (IBC) reminds
homeowners that while overland flooding is not covered by insurance,
there are ways to protect their belongings from water damage.
"Now is the time to start preparing for a potential spring flood," said
Lindsay Olson, Vice-President, British Columbia, Saskatchewan and
Manitoba, IBC. "There are steps homeowners can take to minimize the
potential for damage to their properties arising from the spring thaw."
IBC also applauds the provincial governments of Saskatchewan and
Manitoba for proactively taking preventive measures to address flood
Five tips to help prevent water damage before the spring thaw arrives:
Move valuable items from the basement to upper floors
Make sure floor drains are always free of obstructions
*Install a sump pump; if you already have one make sure it's in working
*Install a sewer backflow valve to prevent water from entering the home
Check the grading around your home and address any concerns (ie: ground
sloping towards the house).
* Talk to your municipal government to clarify any local requirements
before installing sump pumps and/or backflow valves.
Olson encourages individuals to start thinking about the spring thaw and
begin taking the proper measures to protect their properties against a
potential flood. Since overland flooding cannot be covered by home
insurance, homeowners are urged to take preventive action now.
"The objective of insurance is to assess risk and then spread it
accordingly among many policyholders," said Olson. "And since overland
flooding is a risk for only a small percentage of homeowners, flood
insurance would simply be unaffordable for this small group of people."
"But not all water damage is a result of overland flooding or water
seepage; some is a result of sewer backup," added Ms. Olson. "And
because sewer backups are a reality and concern for many homeowners,
installing sump pumps and sewer backflow valves is a smart, proactive
way to reduce the risk of water damage in the basement." Coverage for
this type of damage might be available, but must be purchased as an
add-on to a homeowner's policy.
IBC encourages homeowners to review their policies now and contact their
insurance representative to verify what coverage they have.
About Insurance Bureau of Canada
Insurance Bureau of Canada is the national industry association
representing Canada's private home, car and business insurers. Its
member companies represent 90% of the 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
To view media releases and information, visit the media section of IBC's
website at www.ibc.ca.
SOURCE INSURANCE BUREAU OF CANADA
For further information:
Mark Klein at 416-362-2031 ext. 4387