The City of Medicine Hat’s plan to pay the initial costs of sewer safeguards for private property owners is earning high marks among analysts in the insurance industry.
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The City of Medicine Hat’s plan to pay the initial costs of sewer safeguards for private property owners is earning high marks among analysts in the insurance industry.
Read more: http://tinyurl.com/lluq8s2
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Flood-ravaged homeowners will need to relocate wiring, seal basements against seepage and install sewer backup prevention devices if they want government help the next time water levels surge.
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A recent poll by Allstate Insurance Company of Canada and Abacus Data found that 61% of Canadian condo owners either don’t know or incorrectly assume that if a flood or a fire starts in their unit, the building’s insurance will cover the damages to other units. The truth is that condo owners are responsible for these costs and repairs, unless they have the proper personal condo insurance.
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Canadians could be paying more for home insurance as the toll of severe weather on personal property continues to climb, one of the country’s largest insurance companies said Monday.
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Insurance companies denying legitimate flood-related claims is something the province is watching closely, says Greg Weadick associate minister of Regional Recovery and Reconstruction for southeastern Alberta.
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David and Sarah Carlson were busy constructing a nearly $4 million home they believe to be flood-proof in Calgary’s Roxboro area when river waters surged to levels not seen in a near-century last month.
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As High River residents take stock of the flood damage to their homes in southern Alberta, some are faced with the huge financial cost of rebuilding their lives.
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One of the country’s largest insurers says it will pay flood-ravaged Albertans for damages caused by sewer backup despite the fact that risk is not covered.
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CALGARY – Some homeowners are banding together in an attempt to name and shame insurance companies that have rejected their claims for sewer backup damage following recent floods.
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