ent
Re Gu N id O
e
Basem
aFter
Think about possible damage and
discuss coverage options with your
broker, including:
• Ground water: It enters your home
suddenly and accidentally below
ground, through basement walls,
foundation or floors.
• Overland: Water damage caused by
overflow of a lake or river, heavy rain or
rapid snowmelt that enters your home
from a point at or above ground level.
Protect Your Reno
Communicating with your insurance broker is always
a good idea before, during and after any type of home
renovation. “Together, you can review all your coverages
to ensure you’re protected,” says Bernice Reeves, property
and casualty insurance supervisor with CAA manitoba
Insurance. Follow her advice to reno the right way
• Sewer back-up: Water backs up
and flows into your home from your
municipal sewer system, private septic
system or through sump pump failure.
It can occur during periods of heavy
rainfall, when sewers can’t handle
excess water.
BeFore • Service line: Damaged service
lines that bring water, power, data
and communications into your home,
when the damage is sustained on your
property.
Talk to your broker to see if there
is anything your insurance provider
requires prior to starting a project.
Complete details of a renovation will
help determine insurance needs that
will be required for the work. A combination of these options
will provide more comprehensive
protection against damages to your
home. Talk to your broker to find out if
your home qualifies and what coverage
amounts will work best for you.
Check out your contractor. Poor
workmanship is not covered under a
home insurance policy, so you need to
make sure the contractors you choose
will do quality work. Contractors should
have their own insurance, but it’s up
to the homeowner to request proof of
insurance to safeguard in the event of a
loss while working on your home. If you purchased a course of
construction policy, contact your
insurance broker after the reno is
complete. They’ll make sure the
proper coverage is put back in place.
Depending on the extent of a
renovation, a builder’s risk insurance
policy may be required. Check the
coverage that your builder’s risk policy
provides to ensure sufficient coverage
for your needs.
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Spring 2018
CAA MAniTOBA
DUrInG
Keep your broker informed of any
changes to your building schedule or
renovation plans, as your insurance
needs and coverage could change.
Depending on the extent of the
reno, your required coverage could
change. Increased square footage,
additional bathrooms or updated
finishes might impact the rebuilding
cost of your home. Consult your
insurance broker.
To speak to a CAA Manitoba Insurance
broker: caamanitoba.com/insurance
Step 4: