Property Water Damage
Overland Water – Sewer Back Up – Ground Water – Service Line – Am I covered? Help!!!!
Spring melt is upon us and, with a snowpack higher than average, some areas have the potential of increased water flow that can cause property damage leaving residents at risk.
What has changed?
Emergency Management BC (EMBC) has published a notice of their position in regards to flood claims . They advise that that flood claims that were previously considered by EMBC will no longer be considered if a flooding disaster occurs and an applicant could have “reasonably and readily” purchased overland flood insurance. Due to this position many insurers are now offering coverages of this nature where, in the past, they were only available for commercial buildings.
What does this mean to you?
EMBC have transferred the onus to the property owner to investigate if coverage is available and purchase if you choose.
Available Water Coverage Definitions
Overland Water – Flood exposures such as overflow of a river or lake, sudden and accidental entrance of surface water, melting ice and snow, and sewer back- up at the same time as the mentioned events
Sewer Back-up – damage related to the backing up or escape of water from sewers or drains
Ground Water – sudden and accidental infiltration of water through the foundations from underground water sources
Service Line – damage to service line due to loss resulting from leak, break, tear, rupture or collapse of the line (including damage from tree roots)
Coverage for these perils is not automatically included in property policies sold in Canada and can only be added at your request. To review your current and available coverages or options we ask that you contact your Kootenay Insurance / McBain representative.