risk of wtaer damage

Why many Canadians' homes aren’t protected against the threats of extreme weather

Why many Canadians' homes aren’t protected against the threats of extreme weather

The past couple of years has shown us that extreme weather events — from devastating floods to extreme heat — are becoming the norm. But even in light of this and amidst a summer of sun and storms, many Canadians’ homes aren’t protected from the very real threat this kind of now-to-be-expected weather poses. According to Vice President of Claims at TD Insurance, Craig Richardson, a survey of Canadian homeowners conducted by TD Insurance in 2022 revealed that “just over half of Canadians (51%) either don’t have extended water damage coverage or don’t know if they have coverage, yet one in five Canadians have experienced water damage to their homes.”