Eddy Smart Home Solutions Ltd.'s (Eddy) (TSXV: EDY) is pleased to share findings of a recent study completed using data from a 5-year period on the effectiveness of water protection systems in reducing losses from water damage claims. Conducted by Aon Canada's Real Estate Practice, the study found that the proper installation, monitoring and use of water leak detection technologies can significantly reduce the total damages incurred for insurance water damage claims for owners of commercial real estate operations.
When the forces of nature are the answer to nature’s force
The costs and damages of flooding are overwhelming communities along coasts, near rivers and on big lakes. Across the country, urban floods are happening at a rate and extent that is pushing disaster resilience to the forefront of public safety discussions. We all pay the price of more frequent flooding, even if the danger and damage are happening in someone else’s town. In fact, the Insurance Institute of Canada reports that the multi-billion-dollar cost of insurance claims is on track to more than double over the course of a decade.
As insurance claims pour in after Manitoba spring storm, here's what homeowners need to know
The water has receded and fans are blowing around the clock in Christina Beeusaert's East St. Paul basement. Her belongings are stacked to the ceiling and like many Manitobans, she is waiting to learn just how much the water damage will cost her. "It depends, once they start ripping the other room apart, how much water damage there is behind the walls and that," she told CBC News.