Found 1 blog entry tagged as insurance coverage.

Homeowners have felt the financial pinch of flooding and thus, have questions about floor insurance. Flooding has surpassed forest fire as Canada’s top cause of property damage. Six per cent—and up to 10 per cent—of homes across Canada are already uninsurable for flood risk.

As major floods have become more common in communities across Canada over the last decade, it has brought the issue into mainstream consciousness. However, despite growing awareness, homebuyers purchase homes in flood zones without knowing the risks and the protection they need.

With so many homeowners living in high-risk regions, we wanted to examine the importance of flood insurance and share tools that can help determine if you live in a high-risk area.

What is flood…

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