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Water damage insurance in Cold Lake, AB

With the increase in severe storms across Canada in recent years, homeowners, renters and landlords in Cold Lake know that they need to start thinking about water damage 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? Make sure your home is protected against Alberta's extreme weather: learn more about Comprehensive Water coverage from The Co-operators.

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. Albertans especially won’t be soon to forget that 2013 was Canada’s worst-ever year for weather-related damage. We are happy to provide a solution with our new Comprehensive Water coverage, which is offered to clients throughout the province of Alberta, including in Cold Lake. Take our free online assessment now to find out how high your home’s water risk is.

You can minimize the risk of unwanted water entering your home by installing window wells around your basement windows and making sure your eavestroughs and storm drains are free of leaves and other debris.

Speak to your Co-operators advisor about water damage insurance in Cold Lake today and you'll see how we can protect your property against the effects of extreme and unpredictable weather.

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.
  • Customizable: Get the coverage limits that best suit your individual needs.
  • Flexible: Deductibles are a percentage of the claim amount between 2% and 35% with a $1,000 minimum.
  • Budget-friendly: If you install loss prevention devices, including a backflow prevention device or a primary sump pump with a secondary automatic powered backup, we will reward you with a discount.
  • Extensive: Our coverage doesn't stop at the building itself: it also includes your personal property, detached structures and costs incurred if you have to move out during repairs. In the event of a total loss, rest assured you're not obliged to rebuild on the same site—we will still pay out your claim even if you decide to rebuild elsewhere.
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Investing in a Healthier 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 water damage insurance in Cold Lake AND about what we're doing to help the environment.

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