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Flood insurance in Olds, AB

The number of severe storms in Canada has risen dramatically in recent years, which means homeowners, renters and landlords in Olds are more aware about flood insurance than ever before. It’s no secret either that severe weather is extremely costly; in fact, water and wind damage account for half of all property claims in Canada, and extreme conditions have cost Canadians almost $10 billion in insurance claims since 1998. Rest assured you can now obtain coverage against extreme weather in Alberta with Comprehensive Water insurance from The Co-operators.

What sets us apart?

It’s possible for homeowners to be stuck with a bill in the thousands for flood damage repair, which is why we provide affordable flood damage insurance. Yet that’s just one example of what sets us apart. For the best customer service and advice about flood insurance coverage in Olds, you can count on our network of experienced advisors. After all, this type of insurance is relatively new to Canada, so you need to know more than just the price on the quote. With 70 years of experience, we’re a co-operative that knows exactly how to make our members and communities our top priority.

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

It wasn’t until very recently that Canadians were able to obtain insurance against overland flooding. Depending upon your needs, critical illness insurance coverage may provide lump sum benefit amounts which can range from $25, 000 to $2, 000, 000. That's why we're proud to offer our new Comprehensive Water coverage to our clients in cities across Alberta, including Olds. There's also our free online assessment tool so you can determine the level of risk to your home.

By clearing eavestroughs, putting window wells around basement windows and making sure storm drains are clear of debris, you can help prevent unwanted water from making it into your home.

Your Co-operators advisor can tell you all about our flood insurance in Olds—and how our coverage can protect your loved ones, your home and everything in it when extreme weather strikes.

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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Ensuring a Greener Future for Canadian Families

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 flood insurance in Olds AND about what we're doing to help the environment.

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