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. [...]
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 [...]