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Flood insurance in Sherwood Park, AB

Severe weather has become a growing concern in Canada in recent years, which is why both homeowners and renters should get equipped with flood insurance in Sherwood Park. 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. And that’s not the only thing that sets us apart. For the best customer service and advice about flood insurance coverage in Sherwood Park, you can count on our network of experienced advisors. After all, being a relatively new type of insurance in Canada, you’re likely to have questions beyond the cost of coverage. With 70 years of experience, we’re a co-operative that knows exactly how to make our members and communities our top priority.

Protection against extreme weather conditions

Until recently, Canada was one of the few developed nations without insurance against flooding rivers, lakes and other bodies of water. This gap in coverage was especially apparent in 2013, when Canada experienced its worst-ever year for weather-related damage. We're proud to offer a solution with our new Comprehensive Water coverage for clients in cities across Alberta, including Sherwood Park. You can also get a free online assessment to find out the level of risk to your home.

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 Sherwood Park—and how our coverage can protect your loved ones, your home and everything in it when extreme weather strikes.

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 Sherwood Park AND about what we're doing to help the environment.

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