homeowners

Insurance Bureau of Canada says private company's sewer, water line warranty might not be worth it

Insurance Bureau of Canada says private company's sewer, water line warranty might not be worth it

According to the Insurance Bureau of Canada's director of consumer and industry relations for Ontario, it might not be worth it to sign up for a new, optional sewer and water line warranty program introduced last July by the City of Windsor. "Rather than going out and purchasing another policy, we recommend that consumers, homeowners, contact their own insurance company and see if, A, this coverage is part of their current policy, or, B, can they add it on as an optional coverage," said Pete Karageorgos, with the Insurance Bureau of Canada.

Blame Climate Change for Record Water Levels in the Great Lakes: Prof

Blame Climate Change for Record Water Levels in the Great Lakes: Prof

Climate change is a deciding factor in record high water levels in the Great Lakes being higher than ever before, a University of Waterloo professor told CTV’s Your Morning on Wednesday. According to government statistics, July water levels for the bodies of water between Canada and the U.S. were at record highs. And this can lead to faster erosion of the coastline and flooding. The flooding this spring and summer along the northern shores of Lake Ontario, the Toronto Islands and some Toronto-area beaches has been particularly troublesome for homeowners and businesses.

'It's a problem for society': Climate change is making some homes uninsurable

'It's a problem for society': Climate change is making some homes uninsurable

As an insurer, Intact obviously has its own data and maps. Based on that, the company assumes as many as five per cent of those newly at-risk properties will be simply uninsurable. Brindamour warns that "if you're in a zone that gets flooded repeatedly, or where the odds of being flooded has increased meaningfully, it'll be hard to find insurance from private capital."

Canada just cut the amount of lead allowed in water in half — here's what it means

Canada just cut the amount of lead allowed in water in half — here's what it means

For the first time almost three decades, Health Canada has updated its guideline for lead in drinking water — cutting the acceptable concentration of the metal in half. The decision is based on the latest science, according to the government body, which worked with the provinces and territories to reduce the maximum acceptable concentration from 0.01 mg/L, set in 1992, to 0.005 mg/L.