EDMONTON, May 30, 2013 /CNW/ - With reports of overland flooding in
Rocky View County, east of Calgary, Insurance Bureau of Canada (IBC)
reminds homeowners to take measures to protect themselves and their
"First and foremost, we encourage all individuals in danger of flooding
to take the proper measures to protect themselves and their loved
ones," said Bill Adams, VP, Western and Pacific Region, Insurance
Bureau of Canada. "In addition, we urge homeowners to take preventative
action to minimize their losses."
He added: "It's important to take preventative action against flooding
because damage caused by overland flooding is not covered by home
insurance policies anywhere in Canada."
The purpose of insurance is to spread risk amongst many policyholders.
But overland flooding is a risk for only a small percentage of the
population - that is, those who live in a flood plain or close to
rivers or lakes. Since most homeowners are not exposed to the risk, and
would not share in the cost, providing flood insurance would be
unaffordable for the homeowners who might need it.
Adams added: "However, some damage may be the result of sewer back-up.
Coverage for this type of damage is available, but must be purchased as
an add-on to a home insurance policy."
IBC offers tips for protecting belongings, and information about
insurance for water damage.
IBC recommends these helpful tips to protect your home:
Move valuable items from the basement to upper floors. Do not stack wet
items on dry items just to get them off the floor.
Dry the flooded area within a few days to prevent mould growth.
Industrial-sized air dryers are often used in these instances and are
typically available for purchase or rent at one of the major hardware
If the water is from a freshwater source, quickly retrieve from the
flooded area any valuables. If the flood source originates from the
septic system, avoid contact with the water and do not
cross-contaminate unaffected areas by walking in and out of the
Sudden and accidental bursting of plumbing pipes and appliances is
covered by home insurance policies. However, damage may not be covered
when freezing causes the escape of water.
Water damage in a basement due to a sewer backup is only covered if
specific sewer backup coverage has been purchased.
In certain circumstances, homeowners who are unable to return home due
to insurable damage are entitled to additional living expenses.
Damage to vehicles from water is usually covered on an auto insurance
policy if comprehensive or all perils coverage has been purchased. This
coverage isn't mandatory, so check your policy.
Overland flooding resulting in water overflowing onto dry land and
causing damage is not covered in home insurance policies in Canada.
(Speak to your insurance representative for more information on how you
can protect your home).
For those Albertans looking for answers on their situation or if they
need help with their insurance questions, please call our Consumer
Information Centre at 1-800-377-6378.
For more information on protecting yourself from severe weather visit ibc.ca
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 approximately 90% of the private property
and casualty insurance market in Canada. The P&C insurance industry
employs 118,600 Canadians, pays more than $7 billion in taxes to the
federal, provincial and municipal governments, and has a total premium
base of $46 billion.
To view media releases and other information, visit the media section of
IBC's website at www.ibc.ca. Follow IBC on Twitter @InsuranceBureau or like us on Facebook.
SOURCE: INSURANCE BUREAU OF CANADA
For further information:
If you require more information, IBC spokespeople are available to discuss the details in this media release.
To schedule an interview, please contact:
Director, Media Relations
Insurance Bureau of Canada
(416) 362-2031 X-4387