This summer’s Calgary flood insurance claims are the most expensive in Canada’s history at $1.7 billion, and many homeowners were denied payments due to insufficient coverage. Now, there’s talk of making overland flood insurance accessible to Canadians – but a number of preventative measures need to take place first.
Check out this week’s guide for summer getaway savings, smart vacation credit card use, cottage rentals and more!
A recent BMO report finds 25% of the home damage caused by the Calgary floods may not be covered by insurance. Here’s what you need about your policy so you won’t be blindsided by a natural disaster.