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Flood insurance in Cold Lake, AB

Canada has experienced an increasing number of severe storms in recent years, which means the time is right for Cold Lake homeowners, renters and landlords to start considering flood insurance. The facts speak for themselves: extreme weather has cost Canadians nearly $10 billion in insurance claims since 1998, and water and wind damage now account for half of all property claims. Make sure your home is protected against Alberta's extreme weather: learn more about Comprehensive Water coverage from The Co-operators.

What sets us apart?

Flood damage can cost homeowners thousands of dollars to repair, but our flood damage insurance is affordably 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, being a relatively new type of insurance in Canada, you’re likely to have questions beyond the cost of coverage. Work with us and you’ll discover how we put our members and communities first through the last 70 plus years as a co-operative.

Protection against extreme weather conditions

Canada was one of the only developed nations without flooding insurance until recently. This anomaly was easy to see in 2013, when Canadians experienced their worst-ever year for weather-related damage. Our insurance keeps you covered.

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:

  • Straightforward: 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.
  • Custom: Choose the coverage that meets your specific needs.
  • Flexible: Instead of paying a flat dollar amount, your deductible is a percentage of the claim amount, ranging from 2% to 35% with a $1,000 minimum.
  • Cost-effective: You can take advantage of discounts if you choose to install such loss prevention devices as a backflow prevention device or a primary sump pump with a secondary automatic powered backup.
  • Comprehensive: Rest assured your home, personal belongings and detached structures are covered, as well as additional costs incurred if you need to stay elsewhere while your home is being repaired. If your home is unable to be repaired, it’s up to you whether you wish to rebuild or not; either way, we will still honour your claim.
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Investing in a Healthier Tomorrow

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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