There’s no question that severe weather is in the rise in Canada, which is all the more reason for Slave Lake homeowners and renters alike to obtain flood insurance. 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.
The cost of repairing flood damage can set homeowners back thousands of dollars, which is why we provide reasonably priced flood damage insurance. Yet that’s just one example of what sets us apart. With our network of advisors in Alberta and beyond, you can expect exceptional service and expert advice about flood insurance coverage. 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.
Until recent years, insurance against flooding rivers, lakes and other bodies of water was not available in Canada. This gap in coverage was especially apparent in 2013, when Canada experienced its worst-ever year for weather-related damage. For that reason, we're proud to provide Comprehensive Water coverage for our clients in cities across Alberta, including Slave Lake. If you need to determine the risk to your home, there's also our easy-to-use online assessment tool.
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.
Your Co-operators advisor can tell you all about our flood insurance in Slave Lake—and how our coverage can protect your loved ones, your home and everything in it when extreme weather strikes.
Slave Lake has a public policy system that provides a minimum level of mandatory coverage to vehicle owners when they purchase license plates.