Extreme Floods in Ontario: What Am I Covered For?

Flooding can cause extensive damage to homes, vehicles, and personal belongings. In Ontario, recent extreme floods have left many residents wondering about their insurance coverage. Understanding what your policy covers is crucial to ensure you're protected in the event of such a disaster. Here’s what you need to know about flood coverage in Ontario.

Home Insurance Coverage

1. Standard Home Insurance Policies:

   • Most standard home insurance policies do not cover flood damage caused by natural disasters such as heavy rain, overflowing rivers, or storm surges. It’s essential to review your policy details to understand what is excluded.

2. Overland Water Coverage:

   • This is an optional add-on to your home insurance policy that specifically covers damage caused by water entering your home from the ground level, such as from overflowing rivers or heavy rainfall. Overland water coverage is increasingly available in Ontario and is recommended for all property owners.

3. Sewer Backup Coverage:

   • Another optional add-on, sewer backup coverage protects against damage caused by water backing up through sewers or drains. This can often occur during heavy rains when the municipal system is overwhelmed.

4. Basement Coverage:

   • If your basement is finished or you have valuable items stored there, you may need additional coverage for basement flooding. This can include overland water and sewer backup coverage, providing comprehensive protection for your basement.

Auto Insurance Coverage

1. Comprehensive Coverage:
   • For vehicle owners, comprehensive auto insurance can cover flood damage. This type of coverage protects against non-collision-related damage, including natural disasters such as floods. Ensure that you have comprehensive coverage as part of your auto insurance policy.

What to Do in the Event of a Flood

1. Document the Damage:

   • Take photos and videos of all damage as soon as it is safe to do so. This documentation will be crucial for your insurance claim.

2. Contact Your Insurance Provider:

   • Notify your insurance provider as soon as possible. They can guide you through the claims process and help you understand what is covered under your policy.

3. Prevent Further Damage:

   • If possible, take steps to prevent further damage to your property, such as removing water or covering broken windows. Keep receipts for any expenses incurred for temporary repairs.

4. Review and Update Your Policy:

   • After experiencing a flood, review your insurance policy and consider adding optional coverages like overland water and sewer backup if they are not already included.

How AIM Insurance Can Help

At AIM Insurance, we are committed to helping you navigate the complexities of flood insurance. Here’s how we can assist you:

1. Policy Review and Advice:

   • We can review your current home and auto insurance policies to ensure you have the necessary coverage for flood-related damages. Our experienced agents provide personalized advice tailored to your specific needs.

2. Optional Coverage Options:

   • If you don’t have overland water or sewer backup coverage, we can help you add these options to your policy, providing comprehensive protection against flooding.

3. Claims Assistance:

   • In the event of a flood, our team is here to support you through the claims process, ensuring a smooth and efficient resolution.

Flooding can cause significant damage and financial strain, but having the right insurance coverage can provide peace of mind. At AIM Insurance, we are dedicated to ensuring you have the protection you need. Contact us today to review your policies and explore your options for flood coverage. Stay prepared and protected with AIM Insurance.