The Co-operators Group Ltd.

Spring flood risks highlight lack of insurance for Canadian homeowners: experts

Spring flood risks highlight lack of insurance for Canadian homeowners: experts

As the spring season brings higher flood risk to Canadians, as seen in British Columbia recently, experts say many homeowners remain without adequate insurance to cover extreme weather's damage to their homes. "I would say that Canadians in general are not truly aware of the risks that their homes are exposed to, and the exposure they have to extreme weather events and the potential losses they could experience," said Michelle Laidlaw, associate vice-president of The Co-operators Group Ltd.'s national product portfolio.