Spring 2011 - Water Damage

It is now the single largest cause of property damage to Canadian homes.

Water damage now accounts for more claims dollars spent on any other single risk to property.

The following link will take you to a short article explaining the financial dimensions of the problem, according to AVIVA Canada.

http://www.ilstv.com/average-water-damage-claim-rose-160-in-ten-years-aviva-canada/

AVIVA Canada also offers the following tips to homeowners to reduce the risk of water damage this spring:

• Inspect your roof: To prevent leaks, get the roof inspected every few years to check the condition of the shingles. Clear out gutters to prevent blockages that could force water into your home.
• Install a backwater valve: These valves close automatically if the sewer backs up and can prevent thousands of dollars in damage.
• Scope out your sump pump: If your basement has one, examine it and do a test run if it doesn’t get used frequently.
• Divert snow away from your home: Ensure that snow is removed around your home, its foundation, doors and basement windows.
• Check your foundation: This is especially important as the ice melts.  If you notice water pooling, attempt to lead the liquid away from your home.
• Ensure your window wells are debris-free: Clear any accumulated garbage or leaves to allow water to drain properly.
• Ensure street catch basins are not blocked: These prevent snow from building up on street level and seeping towards your property.
• Protect your valuables: If your home is prone to water damage, consider moving valuables away from high risk areas, such as the basement.
• Start right: If you are finishing your basement, make sure to seal your exterior walls

If you have any questions regarding your insurance protection relating to water damage, call your Knox Broker today.