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Flood insurance in Cold Lake, AB

Severe weather has become a growing concern in Canada in recent years, which is why both homeowners and renters should get equipped with flood insurance in Cold Lake. What you may not realize is just how financially damaging extreme weather can be: severe conditions have cost Canadians nearly $10 billion in insurance claims since 1998, and half of all property claims today are the result of water and wind damage. Find out how Comprehensive Water coverage from The Co-operators can protect your biggest investment against the effects of Alberta's worst weather.

What sets us apart?

Flood damage can cost thousands of dollars for homeowners to repair, but our flood damage insurance is fairly priced. Yet that’s just one example of what sets us apart. With our strong network of advisors across Cold Lake and beyond, you’ll have access to the best customer service and expert advice on flood insurance coverage. After all, this type of insurance is somewhat new to Canada, so you’ll need details about your coverage beyond price. As a co-operative for the last 70 plus years, we have plenty of experience putting our members and communities first—that’s why you should work with us!

We can't predict the weather but we can protect your home

Up until a few years ago, flood insurance did not exist in Canada. This lack of coverage came to the forefront in 2013, when Canada faced its most destructive year to date for weather-related damage. We're proud to offer a solution with our new Comprehensive Water coverage for clients in cities across Alberta, including Cold Lake. You can also get a free online assessment to find out the level of risk to your home.

You can take action now and work to protect your home from water damage by sealing cracks in your foundation walls and basement floors, installing window wells around your basement windows, installing downspouts and regularly maintaining your eavestroughs, among other steps.

Don’t wait until it’s too late: contact your nearby Co-operators advisor in Cold Lake today for more information on flood insurance and get the coverage that’s right for you.

Our Comprehensive Water coverage is:

  • Simple: This one product covers you for damage caused by sewer or water backup, flooding caused by an overflow of a body of water, buildup of surface water caused by extreme weather events, and underground water that rises and comes into your home.
  • Personal: Take out tailored coverage limits that are appropriate for your unique needs.
  • Flexible: Your deductible is a percentage of the claim amount—between 2% and 35% with a $1,000 minimum.
  • Budget-friendly: With The Co-operators, loss prevention devices are rewarded with discounts. That includes a backflow prevention device or a primary sump pump with a secondary automatic powered backup.
  • Extensive: Our coverage includes your home, personal property and detached structures, as well as any costs incurred if you have to move out while your home is being repaired. If your home is at a total loss, we will pay your claim even if you make the decision to rebuild in another location.
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It's Insurance for a More Sustainable Future

As a responsible corporate citizen, we believe in balancing our economic, environmental and social priorities. In fact, The Co-operators was recently recognized in Hewitt Associate's Green 30 guide, which identified Canada's 30 most environmentally-conscious employers. Talk to The Co-operators today about our flood insurance in Cold Lake AND about what we're doing to help the environment.

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