IBC urges flood-homeowners to check their insurance coverage

Insurance Business America | April 25, 2019

The Insurance Bureau of Canada (IBC) has released a statement, urging residents affected by the recent flooding in New Brunswick to contact their insurance representatives if their homes have damages. IBC’s statement comes after the New Brunswick Emergency Measures Organization’s River Watch 2019 issued an advisory that water levels in the southern parts of NB will continue to rise in the following days. The water levels in Fredericton and the northern regions are stabilizing, but are expected to remain above flood level for the rest of the week, the advisory added. “We’ve seen the devastating effects that flooding can have on communities,” said IBC Atlantic vice-president Amanda Dean. Dean remarked that warming temperatures, melting snow, and heavy rain are adding to the province’s flooding problem. “IBC is emphasizing the need for everyone to be on alert and stay safe. We want to help make sure that New Brunswick residents are ready to deal with the potential damage.” The IBC is encouraging consumers to check with their insurer on what type of water damage their insurance policy covers. The IBC is encouraging consumers to check with their insurer on what type of water damage their insurance policy covers.

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Get to know Why Buy Insurance Through an Insurance Advisor. Insurance advisor knows about various schemes and plans available in the market. He keeps himself updated with the various market trends. Thus, he can help his client in making the right decision.  Insurance advisors understand your risk and estimate the coverage needed. They study various aspects related to insurance while suggesting a plan.

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