Tag: calgary flood

Flood insurance available in Canada for the first time

Julie Campbell
Calgary alberta flood insurance

The coverage is now becoming available in Calgary, with memories of last year’s devastation still fresh. One Calgary insurer is now providing flood insurance in the city, representing a first in the entire industry across Canada, which does not currently provide overland flooding protection anywhere else. This specific type of policy covers damage from rising waters, as opposed to broken pipes or a leaky roof. This overland flood insurance is now being offered to businesses in Calgary. That said, the insurance industry in the country has decided that this is…

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Homeowners insurance claims to be revisited in wake of Calgary floods

Marc
Calgary alberta flood insurance

Homeowners insurance sector sees harsh criticism come from consumers Over the past week, floods have become a major issue for the city of Calgary in Alberta, Canada. The city has fallen victim to flash floods that were caused by heavy rainfall earlier in the week. Heavy rains caused the Bow and Elbow rivers to overflow, flooding nearby neighborhoods and causing mandatory evacuations in some parts of the city. These floods became even more problematic due to sewage backups that exasperated the issue. The disaster has put a great deal of…

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Floodwaters Inundate Southern Alberta; Cleanup Continues

Guest Author
Floodwaters flood auto insurance claims

According to catastrophe modeling firm AIR Worldwide, heavy rainfall from June 19 to June 21 caused serious flooding across Southern Alberta, notably in Calgary. Roads and bridges were washed away; notably, the Trans-Canada Highway was damaged by mudslides west of Calgary. As of June 28, power has been restored to much of Calgary, and the Trans-Canada Highway has been repaired west of Calgary. However, many buildings in the affected area still have flooded basements, and cleanup efforts are anticipated to continue for some time. According to AIR, starting the evening…

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Flood insurance claims on their way to Canadian insurers

Julie Campbell
flood insurance policies

The flooding in southern Alberta and the Calgary area may be among the most expensive natural disasters in the province. Residents and businesses in the Canadian province of Alberta are just starting to assess the damage from what is being called one of the worst natural disasters in the history of the area, and flood insurance companies are preparing for the massive influx of claims that are now on the way. The flooding that has been experienced in the region is entirely unprecedented, leaving insurers scrambling. It has been estimated…

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