The sound of running water can be soothing…unless that water is running somewhere it shouldn’t be, like your basement floor. Water damage is the leading cause of home insurance claims in Canada — and there are many ways unwanted water can end up in your home. One common cause of water damage is sewer backup, which happens when water begins to flow backwards into your home. Yes, this is just as unpleasant as it sounds. Not only does exposure to sewage pose a health hazard, but the clean-up process is extensive and costly (...)
Home insurance is designed to protect you and your family when you need it most — but all policies have limits and exclusions, and you may want to add extra coverage or endorsements to make sure you’ll always be protected. In the insurance world, an “endorsement” is a change to the coverage outlined in your insurance policy. It can add or remove coverage, and it overrules any wording in the policy itself. A “rider” (also known as a floater) is an endorsement (...)
Water leaks that arise while you are away will increase your water bill significantly, and could also cause massive damage. Turning off the water at the main shut-off water valve is the best way to protect your home from such leaks and large bills, as most insurance companies won't cover your home for water losses if you are not home for more than 4 days. See our other post on that.
It's approaching that time of the year again that everyone enjoys - winter. Most of you will be toughing it out in the frigid temperatures, shoveling your long driveways, or cruising down the road in total blindness at 30km/h. While some of the more fortunate will be booking tropical vacations for weeks at a time, or maybe even the entire winter (...)
With water claims on the rise due to climate change, Insurance companies have started to introduce overland water coverage to protect you. However, it still is important to know the leading causes for flooded basements, ways to prevent floods, and what to do in the event of a flood (...)