With the severe weather events we have faced in Ontario over the last few years, many of us have had to deal with water damage to our home or business. There are many ways that water can cause issues with your home or business, whether it be from heavy rainfall, overflowing bodies of water, melting snow, or backup through a drain, septic system or sump pump. At St. Clair Insurance Brokers Inc., we want our customers to know there are several optional coverages that can be added to a home or business insurance policy to help mitigate the risk of water damage.

Explaining Water Damage Coverage Available for Your Home & Business [infographic]

  1. Overland Water Coverage (Home Insurance)—Are you concerned about water entering your home due to the overflow of a body of water? Overland water coverage can protect your home in the event that a nearby lake, stream, or other body of water overflows. It can also provide coverage if water enters your home from a point at or above ground surface due to a heavy rain or snowmelt. Premiums and coverage limits vary by insurer, depending heavily on the location of your home.
  2. Groundwater Coverage (Home Insurance)— Provides coverage for the sudden and accidental entrance of water through a basement wall, foundation or floor. It’s important to note that a gradual (over time) seepage of water is not covered.
  3. Sewer Backup Coverage (Home & Business Insurance)—This is the most common reason for water damage in people’s basements and covers the sudden and accidental backup of water through a sewer, septic system, sump pump or drain. If this concerns you, please ask about the availability of this addition to your policy.
  4. Flood Insurance (Business Insurance)—Although the term “flood insurance” is used commonly and generally, actual flood insurance can only be provided through commercial insurance policies with higher-than-average deductibles. As your commercial insurance broker, we can assist with adding flood insurance to your policy to be sure that you are properly protected.