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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. Did you know that around half of all property claims are the direct result of weather-related water and wind damage, which has cost Canadians nearly $10 billion in insurance claims since 1998? Fortunately, you can put an end to your worries with Comprehensive Water coverage, a new offering in Alberta from The Co-operators.

What sets us apart?

The cost of repairing flood damage can set homeowners back thousands of dollars, which is why we provide reasonably priced flood damage insurance. And that’s not the only thing that 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, it’s only natural you’d have questions beyond cost when this type of insurance is relatively new to Canada. Work with us and find out why we've thrived as a co-operative for more than 70 years—always putting our members and communities first.

Protection against extreme weather conditions

Many developed nations have insurance against flooding rivers, lakes and other bodies of water, but, until recently, Canada wasn't one of them. This coverage gap was highlighted in 2013, the country’s worst-ever year for weather-related damage. That's why we're pleased to introduce Comprehensive Water coverage for our valued clients in cities across Alberta, including Olds. Start by taking our free online assessment to understand the level of risk to your property.

There are steps you can take to keep unwanted water out your home, including clearing eavestroughs, installing window wells around your basement windows and keeping storm drains clear of leaves and other debris.

Contact a Co-operators Insurance Advisor about flood insurance in Olds and let us show you why we're a better place for your flood insurance in Olds.

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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Ensuring a More Sustainable Environment

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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