Overland Flood Insurance FAQ
Overland Flood Insurance in Alberta
Overland flooding is where water flows overland and seeps into buildings through windows, doors and other openings. Many insurance providers in Alberta now offer policies that insure homeowners against overland flooding. As overland flood insurance is becoming increasingly available, property owners should check with insurance providers to find out what flood protection is available to them.
The Government of Alberta strongly advises all property owners to purchase adequate overland flood insurance for their property, as the Disaster Recovery Program may not provide assistance for damages once insurance is considered reasonably and readily available.
For further information on insurance providers in Alberta, contact the Insurance Bureau of Canada at 1-844-227-5422.
Will I get compensation from the Alberta Disaster Recovery Program if I do not have overland flood insurance?
Applicants are only eligible for Disaster Recovery Program assistance if insurance is not readily available at a reasonable cost.
As of May 2018, Albertans will still be able to receive Disaster Recovery Program compensation for overland flood damage. However, overland flood insurance is rapidly becoming available to the majority of homeowners, and program eligibility will be reassessed for the 2019 disaster season. Once overland flood insurance is deemed available at a reasonable cost relative to the risk your property faces, the Disaster Recovery Program may no longer provide assistance for these damages.
The Disaster Recovery Program continues to monitor the rates and coverage provided by insurance companies to determine when overland flood insurance will be deemed readily and reasonably available. Information on any program changes will be posted to our website, located at: aema.alberta.ca.
Do I need to check with another provider if my insurance provider does not offer protection from overland flooding?
All property owners should purchase insurance coverage for their properties. If your current provider does not offer overland flood insurance, ask for a referral to a provider who does. Alternatively, you can contact the Insurance Bureau of Canada at 1-844-227-5422 for further information.
Do I need to purchase overland flood insurance if my property is located in a high-risk area?
All property owners should purchase adequate overland flood insurance coverage for their properties. As of May 2018, Albertans will still be able to receive Disaster Recovery Program compensation for overland flood damage. However, once overland flood insurance is deemed available at a reasonable cost relative to the risk faced by the property, the Disaster Recovery Program may no longer provide assistance for these damages.
Information on any program changes will be posted to our website, located at: aema.alberta.ca.
Do I need to purchase insurance against overland flooding if my property is located in a low-risk area?
Overland flooding can occur anywhere, not just near rivers, and flooding can also occur due to intense rainfall and sewer backup. All property owners should therefore purchase adequate overland flood coverage for their properties. Because insurance providers base premiums on risk levels, the cost of overland flood insurance in low-risk areas will likely be lower.
The overland flood insurance product my insurer offers is bundled with sewer backup. Do I need to purchase this?
Damage due to sewer backup is not eligible for Disaster Recovery Program compensation. It is the responsibility of property owners to ensure that their properties have adequate insurance.
The insurance I was offered is expensive; do I need to purchase it?
Premiums will vary depending on property location, property characteristics, and insurance provider. You are strongly encouraged to get quotes from several insurance providers. Properties at a high risk of flooding may reasonably expect to pay higher premiums, while properties with low flood risk will likely have lower premiums.
I believe the flood maps used by my insurance provider are inaccurate. What should I do?
Insurance providers use different systems to calculate risk, including flood maps. There is currently no standardized flood mapping system used by insurance providers in Alberta. However, the Government of Alberta publishes river flood maps showing the risks of a one-in-100 year flood event. Property owners are advised to check with several insurance providers and compare policy coverage and premiums when purchasing overland flood insurance.
There are no insurance providers in my area that offer protection from overland flooding. What should I do?
You are strongly encouraged to check with all providers, including licensed web-based providers. Alternatively, you can contact the Insurance Bureau of Canada at 1-844-227-5422 for further information on insurance representatives in your area that may be able to assist you..