“I discovered water damage in my home. Will insurance cover me?” + MORE Jan 27th

Insurance policy getting you down? There are always sound insurance alternatives.

Latest News

What is term life insurance and how, exactly, does it work? May 27th

When it comes to conversation-starters, life insurance generally doesn’t rank in the top 10 topics. We get it—who wants to think about the end of their own life? But it’s important to know the ins and outs of life insurance coverage so you leave your loved ones financially secure in the event .... More »

No health insurance? Here’s how to keep dental costs from bankrupting you May 24th

Should you get dental health insurance? (Likely no) Can you haggle over prices with your dentist? (Yes!). The Star spoke to experts about strategies for keeping costs in check..... More »

Tech Entrepreneur Lauryn Vaughn Is Changing the Resale Fashion Game Jul 15th

My entire career has been about using technology to sell upscale consignment clothing. But my starting point was in traditional fashion: When I was a commerce student at the University of Calgary, I landed an internship with the designer Paul Hardy. That was my introduction to retail behind the scen.... More »

Attention, ESG investors: Canada’s biggest carbon-emitting public companies Jan 24th

The effects of climate change are a risk to Canadians and the Canadian economy in more ways than one. There are the direct issues, like fires, floods and storms, increasing in both frequency and intensity (plus threatening lives and homes, and raising home insurance premiums, too). There are financi.... More »

Making sense of the markets this week: April 2, 2023 Apr 2nd

Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors. Freeland fires again at Canadian Banks There are several big-picture looks at the important aspects of the Canadian federal budget .... More »

“I discovered water damage in my home. Will insurance cover me?”

– moneysense.ca

Q: My washing machine has been leaking for years and we only just learned of the leak and the resulting damage because of staining on our basement ceiling below. Will my home insurance cover this? –Alison

A: The end result of water damage is almost always the same—repairs to your floors, drywall or even electrical and heating systems. However, the cause of the damage ultimately determines whether it’s likely to be covered by insurance. What matters is how water enters your home.

Get personalized quotes from Canada’s top home insurance providers.Home insuranceRenters insuranceCondo insuranceYou will be leaving MoneySense. Just close the tab to return.

Setting aside incidental floods, such as pipes breaking or washing machines leaking, natural floods—such as those caused by snowmelt runoff or an overflowing river—should cause all homeowners concern.

A standard homeowners’ policy (or tenant insurance) doesn’t provide coverage in the event of flood damage…

Continue Reading On moneysense.ca »

Your home insurance company may be checking your credit score — are you okay with that if it saves you money?

– thestar.com

Allowing a ‘soft’ credit check gives requesters less information, won’t affect your credit score and can save you money on your policy

Continue Reading On thestar.com »

Why not follow our RSS feed to keep in sync with the latest Canadian Insurance news?

Share