Quote:
Originally Posted by undercoverbrother
Some insurers are only covering half the damage. If you have a overland flooding and sewage, then they are often covering up to the ground, and the rest is the homeowners responsibility.
So in High River, where the waterline is 2 metres or more, the basement damage is covered up to the hgt of the ground on the foundation, some are making the basement ceiling the cut off.
There are plenty of people that have damage/loss that is not completely covered by insurance.
|
Not to mention most policies have sub-limits for sewer backup so even though you may think your house is insured for $500k you have a $15k limit for sewer.