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 [...]
Galvanized Steel Piping was used in Canada until the mid 1960s and can be identified by the one inch diameter piping with threaded connections. By the 1970s, copper piping became the standard. Today, plastic piping is popular as it is light, easy to work with, and generally less expensive than copper piping. Insurance Issues The [...]
60 amp service was typically installed in homes prior to the 1960s and is characterized by a fuse box as opposed to the breakers that you will find with 100 amp service. Insurance Issues 60 amp service can handle an average number of lights and receptacles. Problems occur as a result of the following: the [...]
Knob and tube wiring was in common use until the 1950s and consists of two wires (black/hot and white/neutral), separated by ceramic knobs and ceramic tubes. Insurance Issues Insurers consider knob and tube wiring to be higher risk than other types of electrical installations because there is no third ground wire, and the wires can [...]
Co-insurance is a clause in an insurance policy that requires the insured to carry a certain percentage of insurance in relation to the actual value or replacement cost of the property insured. The co-insurance clause is usually found in business and commercial insurance policies and is typically part of the building, contents, stock and/or equipment [...]