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Homeowner's Insurance - Water Intrusion
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06-22-2013, 11:49 AM
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chemgear
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http://www.calgaryherald.com/news/fl...292/story.html
Alberta homeowners hoping to make claims for flood damage won't get help for water that poured through doors or basement windows, the Insurance Bureau of Canada said Friday.
"You're not covered," spokesman Steve Kee said. "There's no overland flooding coverage in Canada."
The insurance bureau also said vehicle owners who have their cars flooded will be covered for damage if they have comprehensive automobile insurance.
Alberta Municipal Affairs Minister Doug Griffiths noted there will be uninsurable losses and warned that property owners aren't intended to profit from the flooding.
"The fact that a person didn't bother to buy insurance doesn't mean the government will pay for it," Griffiths said at a news conference in Calgary.
Property will be restored "back to what it was as best we can," he said.
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