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Extreme weather events are becoming more frequent. In 2013, the Canadian insurance industry paid out $3.2 billion in claims due to severe weather. The torrential rain experienced in Toronto last summer was the most expensive natural disaster in Ontario history with preliminary estimates coming in at $850 million.

Speak with your insurance provider to help you understand your coverages, limits and deductibles. It is incorrect to assume “Acts of God” are not covered. The terminology is not present in policy wordings. Damage due to rain, wind, and hail are covered, but overland flooding is not. A “water” endorsement on the policy deals with sewer backup and sump pump issues. Have the conversation to review these areas and to review your values which usually increase over time, especially with the prevalence of “man caves” in basement areas of the home.