Quote:
Originally Posted by Ironhorse
That's not how I read that:
It sounds to me like if you are using provincial funds, you must include flood proofing in your repairs. If you use your own funds, you must still include their standard of flood proofing if you want another claim for a future flood.
Perhaps someone with more legal reading ability can chime in?
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I think you are right, although the way it is worded it doesn't specifically include that those who use their own funds to flood proof will be included in future assistance, I think it can be assumed that it is the case.
You also, according to that wording, can take government money to fix this time, without the extra 15% and not need to flood proof if you don't want further assistance.
I wonder, how will this impact future home owners?
For example, I don't take the extra 15%, because it costs me twice that to flood proof. In a few years when everyone forgets about this, I sell my house to someone who later gets flooded. Are they eligible? Would they be if they performed the appropriate flood proofing at the time of purchase? How would they know? Is there a record of who has done this flood proofing? or will the government come out when another flood happens and look to see that you did the appropriate things? If that's the case, what if someone gets a shady contractor who says that everything has been done properly, but when the inspector comes in it turns out that they cut corners and didn't install X important equipment.