I believe everyone would agree that after a cold winter season, spring is going to be a welcome change. Unfortunately, with that change comes rain, thawing and potential water damage to your home. Recent studies show that this type of damage is on the rise and currently represents over 50% of all Canadian insurance claims.
What can you do to minimize your risk?
First, talk to your insurance broker and identify what your policy covers and what added coverage might be available to you. Ask the question - what happens if events (like the following) happen to me?
- Flooding results from internal plumbing issues
- You incur water damage from faulty appliances
- Your sewer backs up, flooding your basement
- Cracks in your foundation, plugged eavestroughs or improper grading are the source of unwanted water in your home
What’s covered... what isn’t?
Water damage can weaken the structure of your home, cause mildew to form and create a dangerous environment for your family. Your insurance broker can explain in detail what your policy covers and help you with preventative measures to take as spring approaches.
- Avoid keeping valuables and important documents in your basement
- Prepare an emergency kit for your family and pets
- Do your best to keep your drainage systems well maintained
The combination of warmer weather, melting snow and excess rain can create havoc if you are not prepared. Your insurance broker can recommend the best coverage and preventative measures to avoid the headaches water damage can create.