IBC urges flood-homeowners to check their insurance coverage

Bureau reminds residents that overland flood insurance is readily available

IBC urges flood-homeowners to check their insurance coverage

Catastrophe & Flood

By Lyle Adriano

The Insurance Bureau of Canada (IBC) has released a statement, urging residents affected by the recent flooding in New Brunswick to contact their insurance representatives if their homes have damages.

IBC’s statement comes after the New Brunswick Emergency Measures Organization’s River Watch 2019 issued an advisory that water levels in the southern parts of NB will continue to rise in the following days. The water levels in Fredericton and the northern regions are stabilizing, but are expected to remain above flood level for the rest of the week, the advisory added.

“We’ve seen the devastating effects that flooding can have on communities,” said IBC Atlantic vice-president Amanda Dean.

Dean remarked that warming temperatures, melting snow, and heavy rain are adding to the province’s flooding problem.

“IBC is emphasizing the need for everyone to be on alert and stay safe. We want to help make sure that New Brunswick residents are ready to deal with the potential damage.”

The IBC is encouraging consumers to check with their insurer on what type of water damage their insurance policy covers. The bureau also reminded that overland flood insurance has become more readily available in recent years, which covers for flooding caused by overflowing bodies of water.

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