Does your insurance cover flooding? What consumers need to know (opens original article in a new tab)

Insurance experts in Canada advise homeowners to review their policies for flood coverage as standard policies typically exclude overland flood and sewer backup, which can lead to significant repair costs. Rising premiums and increasing extreme weather events have made this a growing concern.

• Most standard home insurance policies in Canada do not cover overland flood or sewer backup damage, which is optional and requires additional cost.
• Insurance premiums in Canada have risen up to 45% in the past six years due to extreme weather events like flooding and wildfires.
• Homeowners are advised to check their policies for flood coverage and consider preventative measures such as backflow prevention valves and sump pumps.