Homes are our priced possession. We save up to find the best home we can afford. We purchase it and willingly take on financial challenges that the monthly mortgage brings. But the houses can be taken away from us easily. One strong storm or hurricane can lead to devastation. This is why we have insurances to protect our properties. This will help ensure that we can rebuild our homes even after enduring severe damages.
The first thing that BC homeowners need to be aware of is the fact that natural flooding is not covered by standard homeowners insurance. In the event that your pipes burst or city water mains fail, you will be covered for any water damage incurred, but cases of overland flooding are not covered.
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