We put you in control of your policy

Your Comprehensive Water coverage is flexible, which means that you can use it however you choose. Based on your policy type, your benefits could include:

  • a single limit for any amount (from $5,000 to policy limit for homeowners, and from $2,500 to policy limit for tenants) to use for your personal property, including buildings, detached structures, loss of use, cleanup and debris removal, outdoor swimming pool and/or hot tub
  • coverage to repair water and sewer pipes on your property
  • coverage for your outdoor trees, shrubs and plants*
  • no obligation to rebuild in the event of a total loss (if your home is damaged beyond repair, you receive the actual rebuilding cost with materials of similar quality, up to your limit of insurance, with no deduction for depreciation; you can also rebuild in another location)
  • a loss-prevention reimbursement - of up to $5,000 - for costs related to the protection of your premises due to a flood warning (for example, any costs associated with sand bagging)
  • additional Living Expenses reimbursement: expenses (up to a specified limit) that result from water damage keeping you out of your residence

You’ll enjoy a flexible deductible: instead of paying a flat dollar amount, your deductible will be a percentage of your claim amount - from 2% to 35%, with the minimum deductible of $1,000 for Quebec and other risk types or $2,000 for Homeowners.

You may qualify for discounts

As a home, residential or seasonal property owner, you can become eligible* for discounts by installing loss-prevention devices, such as:

  • a backflow prevention device (BPD), installed on the sewer or septic line; if connected to a municipal sewer, clean-out access is also required (many Canadian municipalities will subsidize the installation of a backwater valve - sometimes up to 100% of the cost)
  • a secondary automatic powered backup sump pump (must have an automatic power source, such as a battery, to qualify for a discount)

*Some conditions may apply, contact your local Financial Advisor for more details

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To get the right coverage for your risk level, budget and lifestyle needs, contact your Financial Advisor.

Are you at risk?

Where you live and the weather can play a big role in determining your risk of water damage.

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