Insurance Bureau of Canada reminds B.C. residents to protect their belongings: Overland flooding not covered by insurance

    VANCOUVER, April 30 /CNW/ - With spring flooding in certain areas of the
province becoming a high risk, Canada's home, car and business insurers would
like to remind British Columbians to be proactive when protecting themselves
and their homes.
    First and foremost, all individuals are encouraged to take the proper
measures to protect themselves and their loved ones. As well, homeowners are
encouraged to take preventative action to minimize their losses and the amount
of damage caused by potential floods. Homeowners should move all valuable
items located in their basements to higher ground to prevent water damage.
    Insurance Bureau of Canada (IBC) reminds consumers that any damage caused
by overland flooding cannot be covered by home insurance.
    "The purpose of insurance is to spread risk amongst many policyholders,"
said Lindsay Olson, Vice-President, British Columbia and Yukon, IBC. "But
overland flooding is a risk for only a small percentage of the population -
that is, those who live in a flood plain. The result is that flood insurance
would be unaffordable."
    She added: "However, some potential damage from flooding 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 homeowner's policy."
    Homeowners are urged not to wait until a flood is affecting their area to
review their home insurance policy and contact their insurance representative
to verify what coverage they have. Also, for any questions or concerns
pertaining to home, car or business insurance, please contact IBC's Consumer
Information Line at (877) 772-3777. For additional information on how to
protect yourself and your homes, please visit the Provincial Emergency website

    Insurance Bureau of Canada is the national trade association of the
private property and casualty insurance industry. It represents more than 90%
of the non-government home, car and business insurance in Canada. To view news
releases and information, visit the media section of IBC's website at

For further information:

For further information: Lindsay Olson, (604) 684-3635

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