Flood Coverage for Home Insurance Generally, overland flooding is not covered. Overland flooding occurs when water from rivers, streams or other bodies of water flows onto dry land and causes damage to homes. This kind of flooding can be caused by a spring thaw. Generally, overland flooding is not covered. Overland flooding occurs when water from rivers, streams or other bodies of water flows onto dry land and causes damage to homes. This kind of flooding can be caused by a spring thaw.Home insurance doesn’t include flood coverage because only a small percentage of the population is at risk for it. Since the purpose of insurance is to spread risk among many policyholders, this type of insurance would be unaffordable for those at risk.However, water-related damage and insurance claims are rising across Canada due to the increase in severe weather. Damage to your home from heavy rainfalls can be extensive and result in the loss of irreplaceable keepsakes.It’s more important than ever for you to learn how you can protect your property and stay dry when the heavy rains come. Flooded? Here’s What You Need to KnowMany Canadians think they’re insured against all types of water damage. The truth of the matter is that home insurance in Canada does NOT cover storm surges and overland flooding (overflowing rivers or lakes).Water Damage Is on the Rise: Are You Protected?Canada’s increasingly severe weather means that basement flooding and water damage are becoming more common. Learn how to protect your home and your property. Related ServicesAluminum Siding Vs. BrickThe exterior of a home, such as whether it is built with aluminum siding or brick, is an important factor when calculating its replacement cost, (i.e., what it would cost to rebuild the house using similar materials if it were destroyed). Replacement cost, in turn, plays a large role in determining the premium for your home insurance policy.Insurance Benefits after an Auto CollisionIf you are seriously injured in an auto collision, your accident benefits (AB) coverage pays for rehabilitation treatment, income replacement and other services to help you recover.Car Improvements Following a CollisionIs a collision an opportunity to improve your vehicle? No, that would be fraud. Fraud is illegal and increases the cost of insurance for all drivers in Ontario.Neighbourhood Impact on Auto InsuranceWhere we live matters to us. That’s just as true when it comes to the cost of auto insurance. Premiums can vary from neighbourhood to neighbourhood and from city to countryside.Paying More for Less CoverageWe agree that Ontario auto insurance premiums are too high. There have also been some changes to coverage. Why is this? Colour Impact on Auto Insurance RatesThe colour of your car does not affect your car insurance premium. While the colour may be important to you, it’s not important to your insurance company.Medical Expense Payments Following a CollisionProvincial health insurance plans, private health insurance plans and auto insurers are all responsible for some of your expenses if you are in a collision. In Canada, auto insurers cover most medical expenses (other than for acute care).Act of GodInsurance companies don’t use the phrase “acts of God.” They use the word “perils” to describe events that an insurance policy covers, and “exclusions” for events or situations that are not covered.Gas Vs. ElectricDo gas or electric appliances affect your home insurance premium? Absolutely not. Insurance FraudIf you are seriously injured in an auto collision, your accident benefits (AB) coverage pays for rehabilitation treatment, income replacement and other services to help you recover.Insurance PoolIs the money you pay for insurance set aside just for you, to cover any claims you have? Simply put – no. Useful LinksClaims Process After any incident, contact your insurance representative as soon as you can. Learn the 7 steps to making a home or condominium insurance claim, and how a claims management form works.Mitigation TechniquesFlooded basements can happen all too easily and often without warning. Learn how to prevent or limit water damage and what to do if water floods your home. Rights and ResponsibilitiesInsurance companies, brokers and agents are committed to safeguarding your rights when you shop for insurance and submit a claim following a loss. Buying TipsInsurance is a significant investment. Before you purchase coverage, getting answers to key questions can help you make informed decisions.