British Expats - Flooding Alberta!

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British Expats (https://britishexpats.com/forum/)

- The Maple Leaf (https://britishexpats.com/forum/maple-leaf-98/)

- - Flooding Alberta! (https://britishexpats.com/forum/maple-leaf-98/flooding-alberta-800785/)

Steve_P

Jun 28th 2013 8:10 am

Re: Flooding Alberta!

Quote:

Originally Posted by lf1 (Post 10777302)

I am curious, was this person referring to both commercial and personal insurance? If so, underwriting practices in Canada must have changed as flood coverage was available for commercial risks.

Flood coverage is available for commercial risks. Just not available to homeowners.

lf1	Jun 28th 2013 8:13 am

Re: Flooding Alberta!

Quote:

Originally Posted by Steve_P (Post 10777335)

Flood coverage is available for commercial risks. Just not available to homeowners.

Thanks. Just as I thought. Nothing has changed. Has anyone from the insurance industry explained why it is available for businesses but not for individuals?

Steve_P

Jun 28th 2013 8:19 am

Re: Flooding Alberta!

Quote:

Originally Posted by lf1 (Post 10777342)

Thanks. Just as I thought. Nothing has changed. Has anyone from the insurance industry explained why it is available for businesses but not for individuals?

My understand is similar to Steve_. Not enough demand in the homeowner sector, making it so expensive for those who would want it that they would decline it anyway. So they don't even bother to offer it.

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