What Canadian homeowners need to know about flood insurance
Flooding has surpassed forest fires as the top cause of property damage in Canada in the past several years, costing property owners more than $1 billion in losses each year, according to government figures.
Despite the threat, a recent study has revealed that an overwhelming majority of Canadians living in high-risk regions are not only unprepared to deal with the impact of floods, but they are also unaware of the potential danger.
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Original Article Source Credits: Insurance business canada, https://www.insurancebusinessmag.com
Article Written By: Mark Rosanes
Original Article Posted on: 21 Dec 2021
Link to Original Article: https://www.insurancebusinessmag.com/ca/news/flood/what-canadian-homeowners-need-to-know-about-flood-insurance-320638.aspx