The City of Charlottetown is offering financial help to residents looking to protect their homes from flooding. It was one of 10 municipal governments across Canada to receive a climate resiliency grant in 2022 from the Intact Foundation, which is connected to Intact Public Entities, a large insurance company that works with municipalities. "The issue of flooding has been something that we've been aware of for certain communities across Charlottetown," said Alistair Ozon, the city's water co-ordinator.
How one insurance company went where others didn't, and provided storm surge coverage
As many Atlantic Canadians found to their dismay following devastation from post-tropical storm Fiona, most insurance companies don't provide coverage for storm surge, but Cooperators Insurance does. The company wanted to find a solution after its experience of floods in Calgary and Toronto in 2013, executive vice-president Lisa Guglietti told Island Morning host Laura Chapin, because it found existing water damage coverage was both difficult for clients to understand and for adjusters to assess.
Insurance Bureau of Canada says private company's sewer, water line warranty might not be worth it
According to the Insurance Bureau of Canada's director of consumer and industry relations for Ontario, it might not be worth it to sign up for a new, optional sewer and water line warranty program introduced last July by the City of Windsor. "Rather than going out and purchasing another policy, we recommend that consumers, homeowners, contact their own insurance company and see if, A, this coverage is part of their current policy, or, B, can they add it on as an optional coverage," said Pete Karageorgos, with the Insurance Bureau of Canada.