FLOOD INSURANCE
Flood insurance:
What´s The Deal?
A
fter this year’s severe flooding
in Ontario, have you ever
wondered if you are covered
against flood damage? If so,
you are certainly not alone.
Canada is being directly impacted by the
increasingly unpredictable and constantly
changing weather patterns we are
experiencing. Warm weather, increased
rainfall, and snowmelt caused significant
flooding across Ontario throughout
February and March this year. According
to the Insurance Institute of Canada,
flooding is the most frequently occurring
natural hazard in the country.
Flooding of your business can be a trying
experience that taxes both your emotions
and your finances. Even if you don’t live
in a low flood-zone area, devastating
flooding can still occur, often with very
little warning. Storms, heavy rainfall,
or river surges can quickly cause excess
water to build up, causing extensive
damage to businesses and destroying
their entire contents.
Although it may be impossible to avoid
a flood once it hits, you can take steps
beforehand to insure your property
so that you are better prepared for it
financially. Most standard business
policies do not cover loss or damage
from flooding unless Flood coverage is
specifically purchased or listed on the
BY: ANDREW BURNS
COMMERCIAL ACCOUNT EXECUTIVE
policy.
With Flood Insurance, you are able
to protect your business from water
damage caused by flooding attributable
to a variety of factors. This coverage
will provide you with peace of mind as
weather conditions continue to put you
at risk, and cover you in the event of an
incident.
Speak to any one of our knowledgeable
team members today about what steps you
can take to make sure you are covered!
You can also email me directly at
[email protected].
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