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…
How bad were the 2013 floods in Alberta?
Historian Harry Sanders claims that the very worst flood in Alberta was the Fort Calgary flood of 1879.[i] The second worst (according to Sanders) was at Fort Calgary in 1897. During these floods bridges were torn out, entire buildings were left underwater and about 60 families were relocated. At the same time, homesteaders and ranchers…
How can I get fresh water flood insurance?
Until now, Canadian insurers have never offered fresh water flood insurance for homeowners, arguing that flood coverage wasn’t feasible because of the cost. As Canadian communities face increasingly extreme weather, the major insurance companies in Canada decided that it was time to offer new coverage choices to protect homeowners, condo owners, and tenants from losses…
Is my home at risk for water damage?
The climate is changing and we are seeing an increase in precipitation from coast to coast. These changing weather patterns can sometimes result in water damage to your home. Water damage caused by flooding can be expensive and stressful. Flooding in Alberta is primarily caused by: Snow melt Rainfall Ice jams As we saw in…