Category: FAQs – The Basics

  • What is an Overland Water Endorsement?

    Home, condo and tenant’s insurance policies typically do not include overland water damage coverage. Due to the increase in water-related weather events, many insurance companies are now offering optional coverage add-ons that are called endorsements. The overland water endorsement, which could vary from insurer to insurer, will usually protect you from losses resulting from damage…

  • What’s the difference between an Overland Water Endorsement and “flood insurance”?

    Historically, the term flood in the Canadian insurance industry applies to water originating from a body of salt water, while overland water is defined as originating from fresh water bodies of water such as lakes and rivers. Flooding caused by any body of salt water such as a tsunami, tidal waves, currents, etc., is still…

  • What is covered by an Overland Water Endorsement?

    Most Overland Water Endorsements will cover losses resulting from damage to your house, condo and contents cause by fresh water entering your home. This includes damage resulting from melting snow, excess rain, and overflowing riverbeds.

  • Is Overland Water Coverage available where I live?

    Overland Water Endorsements are available to most homeowners, condo owners and tenants in Alberta, but a small percentage of dwellings will not qualify because the risk of flooding in that area is too high. The best way to determine your coverage eligibility is to fill out the form below and one of our expert brokers…

  • Should I purchase an Policy with an Overland Water Endorsement?

    Water damage due to the overflow of riverbanks and excessive rain has been an increasing concern for many Canadians, especially Albertans. In fact, it is well known in the insurance industry that changing  weather patterns are resulting in a significant increase in weather related claims. The 2013 Alberta flooding was an example of how unpredictable…

  • Why should I contact floodinsurance.ca to purchase Overland Water Coverage?

    Two of Canada’s top brokerages, Sharp Insurance and Rogers Insurance, have partnered to provide you with the most comprehensive fresh water flood insurance online resource available. Our expert brokers are here to give you advice, quotes and recommendations. Simply submit the online form and we will contact you to answer all of your questions and…

  • Why is this coverage being offered now?

    Until now, fresh water disasters such as flooding were excluded from home insurance policies because  the risk levels are so high. Insurance companies need to have a certain amount of funds available at any given time to cover catastrophic wide-spread claims such as damage due to severe wind and hail storms, tornadoes or fires. When…

  • What’s the difference between the Sewer Back-up Endorsement and the Overland Water Endorsement?

    A Sewer Back-up Endorsement and an Overland Water Endorsement are two very different types of coverage. Sewer Back-up covers damage caused by the back-up of sewers, septic tanks, eaves troughs and downspouts. For example, it covers claims resulting from your toilets or taps overflowing into your home causing damage. An Overland Water Endorsement covers damage…

  • Do I need flood insurance if I don’t live in a high risk area?

    As we saw in 2013, flooding causes billions in damages and can devastate an entire community. Water damage can happen at any time and during any season from water entering your home as a result of torrential rain, melting snow or the banks of a river overflowing. No matter where you live, you should consider…

  • Do I still need flood insurance if I am a renter?

    We recommend that you add Overland Water Coverage to your tenant’s policy, especially if you live on the ground level or below grade. In the event of a fresh water flood, you could lose all your contents to water damage, costing you thousands of dollars. An Overland Water Endorsement, along with your tenant’s policy, will…