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Water damage insurance in Olds, AB

Severe weather is becoming increasingly problematic for Canadian homeowners, renters and landlords; as a result, it’s extremely important to have water damage insurance in Olds. 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? Rest assured you can now obtain coverage against extreme weather in Alberta with Comprehensive Water insurance from The Co-operators.

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

Canada was one of the only developed nations without flooding insurance until recently. This lack of coverage came to the forefront in 2013, when Canada faced its most destructive year to date 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 Olds. Take our free online assessment now to find out how high your home’s water risk is.

You can be proactive about minimizing water damage to your home by installing downspouts, sealing cracks in your foundation, cleaning your eavestroughs and ensuring storm drains are clear of leaves and other debris.

To learn more about water damage insurance and to review your options, get in touch with your local Co-operators advisor in Olds today.

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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Ensuring a Greener 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 water damage insurance in Olds AND about what we're doing to help the environment.
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