Backflow valves are 85% effective in eliminating sewer backup, according to Galen Heinrichs, stormwater utility manager with the City of Saskatoon. Moreover, in that 15% of instances in which a home experienced some sewer backup despite having a backflow valve, the backflow valve was nevertheless 96% effective in reducing damage from the event, said Heinrich. [...]
The Insurance Brokers Association of Ontario (IBAO) are reminding consumers to take the necessary precautions to protect their homes and belongings from water damage during the spring melt. The combination of the melting snow and the influx of precipitation over the past days has caused water levels to reach unprecedented highs, an IBAO release says. [...]
Many homes across Canada use oil tanks as a source of heat, although oil tanks are more common in Eastern Canada. Oil tanks can be installed above ground or below ground. Insurance Issues Oil tanks can rust, deteriorate, and leak oil resulting in an environmental cleanup that can thousands or hundreds of thousands of dollars. [...]
Any person, firm or corporation designated in the policy by name as the insured, as opposed to someone who may be covered by the policy but is not specifically named. For example, the registered owner of a house would be the named insured on a home insurance policy. Members of the family while living under [...]
Home insurance can be confusing. The following are some of the most common misconceptions about home insurance in Canada to help you weed through what’s fact and what’s fiction. You have to have home insurance Not necessarily. If you have borrowed money to buy your home, chances are your lender will require that you purchase [...]
Extreme weather and aging plumbing contribute to an increasing risk of water damage. RSA’s property experts have provided these simple pointers to help minimize the risk to your home. These tips can have an immediate impact on protecting your home and your valuable possessions. Tips for Preventing Outdoor Water Damage Check your eavestroughs and downspouts [...]
Like home insurance, business insurance protects the contents of your business against fire, theft and other losses. Contact your insurance agent or broker. It is prudent for any business to purchase a number of basic types of insurance. Some types of coverage are required by law, others simply make good business sense. The types of [...]