Flood Insurance / Overland Water Protection in St. John’s, Corner Brook and throughout Newfoundland.
Just because you don’t live in a high flood risk area, doesn’t mean it’ll never happen to you. We’ll provide the specialized coverage you need to help protect your home from rising waters – even if you’re not in a flood zone.
Wedgwood Insurance is proud to offer Overland Water Protection to eligible clients with personal property policies. Many of the companies we represent now offer some form of this product which covers damage caused by water that suddenly accumulates and enters your property. This will greatly enhance the water protection for property owners or tenants with sewer back-up in place.
Most comprehensive homeowners insurance policies will provide coverage for damage caused by broken water pipes. Additionally, many current homeowners policies offer you the chance to add coverage for sewer back-up. Sewer backup is the sudden and accidental back up or escape of water or sewage within your dwelling or detached private structures. This damage may be caused by water coming up through a sewer, septic system or sump pump located on your property.
Overland Water Coverage can be purchased by customers who already carry the sewer back up endorsement, as a way to protect yourself against types of overland water flooding.
What is Overland Water?
Water that accumulates upon or submerges land which is usually dry resulting from the unusual and rapid accumulation of runoff surface waters from any source, including torrential rainfall and snowmelt. Also the rising, breaking out or overflow of any body of fresh water. It does not provide coverage for flooding caused by waves, tides, tidal waves, tsunamis or the rising, breaking out or overflow of any body of salt water, whether natural or man-made.
Why You Need Water Protection
Water damage is now the largest source of claims for homeowners, surpassing fire. This is why it is extremely important that you Contact Us to determine how Overland Water protection can work for you. We can advise you with more details on how this coverage works, and an estimate of the cost to add this important coverage to qualifying policies.
For most homeowners, floods are a low-likelihood but high-cost risk. If you are hit by flooding you could lose many or most of your personal possessions, face major reconstruction work and be left homeless for months while your property is made habitable again. In most cases, not having flood insurance is a chance you simply can’t afford to take.
Contact us and we’ll help explain the benefits of obtaining a separate flood insurance policy.