Close X
Thursday, October 31, 2024
ADVT 
National

Many Insurance Policies Don't Cover Flooding, And Homeowners Could Be On Hook

Darpan News Desk The Canadian Press, 08 May, 2017 12:24 PM
    TORONTO — Insurance industry experts say many Canadian homeowners aren't insured for flooding and could be left footing at least part of the bill after heavy rains hit parts of Quebec and Ontario.
     
    Craig Stewart, vice-president of federal affairs for the Insurance Bureau of Canada, estimates that only 10 to 15 per cent of Canadians have so-called "overland flood insurance."
     
    Stewart says that's because the product, which is offered as an add-on to insurance policies, has only been available since late 2015.
     
    Insurers started to offer the product after both Toronto and Alberta were hit with severe flooding in 2013, although it took some time to roll out.
     
    Stewart says most homeowners grappling with flood damage will be left relying on government assistance, which typically covers less than insurance would.
     
    Jason Thistlethwaite, an assistant professor in the faculty of environment at the University of Waterloo, says many Canadians simply aren't aware that they need to purchase an add-on to cover flooding.

    MORE National ARTICLES

    Harjit Sajjan's Controversial Cartoon Sparks Outrage Among Sikhs In Canada

    Harjit Sajjan's Controversial Cartoon Sparks Outrage Among Sikhs In Canada
    A cartoon carried by Canadian publications showing defence minister Harjit Singh Sajjan stewing in a cauldron has sparked outrage among the Sikh community members who say it resembles images of Sikh religious figures who were tortured.

    Harjit Sajjan's Controversial Cartoon Sparks Outrage Among Sikhs In Canada

    What is Inner Engineering and What to Expect at the Session with Sadhguru in May

    What is Inner Engineering and What to Expect at the Session with Sadhguru in May
    We interview Ganesh Narayanaswamy, volunteer with the Isha Foundation, to learn more about the Shambhavi Mahamudra session going to be held with Sadhguru in Vancouver on May 27 & 28. 

    What is Inner Engineering and What to Expect at the Session with Sadhguru in May

    Have Owned My Mistake, Now Time For Action On Defence File: Harjit Sajjan

    Have Owned My Mistake, Now Time For Action On Defence File: Harjit Sajjan
    OTTAWA — Defence Minister Harjit Sajjan says he could have gone to a fundraising dinner for Afghan war veterans this week to make amends for how he described his role in that conflict.

    Have Owned My Mistake, Now Time For Action On Defence File: Harjit Sajjan

    New Democrats Promising More Action On Opioid Overdoses In B.C. Election

    New Democrats Promising More Action On Opioid Overdoses In B.C. Election
    VANCOUVER — NDP Leader John Horgan says 15 deaths from opioid overdoses in Vancouver last week shows British Columbia hasn't done enough to tackle the crisis.

    New Democrats Promising More Action On Opioid Overdoses In B.C. Election

    Manitoba Woman Alleges Body Shaming After Spa Refuses To Do Pedicure

    Manitoba Woman Alleges Body Shaming After Spa Refuses To Do Pedicure
    Kimberly Adie says she felt gutted and cried her eyes out after she was turned away from A1 Nails Pampers on Saturday.

    Manitoba Woman Alleges Body Shaming After Spa Refuses To Do Pedicure

    B.C. NDP Vows To Fight Trans Mountain Pipeline, But Won't Say How

    B.C. NDP Vows To Fight Trans Mountain Pipeline, But Won't Say How
    VANCOUVER — The British Columbia New Democrat platform promises to use "every tool in the toolbox" to stop Kinder Morgan's Trans Mountain pipeline expansion from going ahead.

    B.C. NDP Vows To Fight Trans Mountain Pipeline, But Won't Say How