What to know about insurance claims after a flash flood Jul 19th

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What to know about insurance claims after a flash flood

– moneysense.ca

Canadian home owners are increasingly adding flood coverage to their insurance policies as extreme weather events become more common, according to the Insurance Bureau of Canada.

And after Tuesday’s intense bout of flash flooding in southern Ontario, some residents may be finding out the hard way that their insurance doesn’t cover flooding—and will be rushing to add that optional coverage to their policy for the future.

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Does home insurance cover flooding?

“If you live in a flood hazard area or you’ve experienced a flood before, people might be more aware of what their insurance policy may or may not cover, and the options that are available to them,” said Rob de Pruis, national director of consumer and industry relations for the bureau.

“But if you’ve just moved to the area or if you’ve never experienced this before, you may or may not have this coverage…

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