SGI: Canadian Insurers Brace for Spring Flood Claims
With many cities and provinces across Canada getting hit with record snowfall amounts this winter, Saskatchewan Government Insurance (SGI) Canada has warned homeowners of flood risk associated with rapid snowmelt.
Melting snow and ice is a major threat for homeowners. Significant water damage can be caused if the temperature warms up suddenly.
‘’If there is increased temperature and the snow melts quite quickly, we could see the city sewer systems have a tough time dealing with all of that water and may back-up into homes,’’ Kurtis Reeder, senior director of personal lines for SGI, said.
6 Tips to Prevent Property Damage
Remove as much snow as possible off your property
Rake/shovel snow off roof and remove ice dams from eavestroughs and gutters
Shovel snow away from home’s foundation
Direct downspouts away from home’s foundation
Ensure sump pump is working properly
Check neighbourhood sewer gates to ensure they’re free of debris
If you’re in an older home, or know your foundation has cracks (leak potential), it’s of utmost importance to do the above tips around your home. Alberta, especially, has experienced more snow this year than in years past. Throughout Canada, the potential for overland water (flood) damage is high.
If you’re interested in adding overland water (flood) coverage to your home insurance policy, now is a great time to shop the market and consider adding this coverage. Many insurers have recently began offering this coverage in cities and areas they previously hadn’t, in an effort to meet more of their customers’ needs.