Flood

Is your home really protected from spring flooding and water damage? In some cases, yes. You're probably covered if your dishwasher goes wonky and floods your kitchen or you forget to turn the faucet off in your bathroom.

Other than flooding from burst pipes or appliances gone haywire, water damage isn’t included in standard home insurance policies. And we only have to look back to the southern Alberta flood in June 2013, the torrential … Read More

Water damage is now the most common type of home insurance claim in Canada—take that, fire!—and when a pipe bursts, a roof leaks, or a basement floods, it’s a costly headache for everyone involved.

Conventional wisdom says you should always save some money for an emergency. The amount is up to you. On the most conservative end, experts recommend you save the equivalent of three-to-six-months’ salary in case of a … Read More