IBC Reminder to Torontonians about protecting homes from water damage

TORONTO, May 31, 2012 /CNW/ - Environment Canada has issued a special statement warning of heavy rains and strong winds for the Greater Toronto Area on Friday, June 1, 2012.  Toronto can expect up to 20 to 30 mm of rain.

This news prompts Insurance Bureau of Canada (IBC) to remind homeowners to take precautions to reduce property damage from water and other hazards.

"It's important to take preventative action because damage caused by overland flooding is not covered by home insurance policies anywhere in Canada," says Ralph Palumbo, Vice-President of Ontario for IBC. "Sewer backup coverage, however, is usually available and can be purchased as an add-on to policies. Consumers should speak to their insurance representative to ensure they have the best coverage for their needs."

• IBC recommends these tips to protect your property:
• Move valuable items located in basements to higher ground
• Keep floor drains clear of obstructions
• Ensure gutters and downspouts are clear of debris
• Install a sump pump; if you already have one make sure it is in working order
• Install a sewer backup valve to prevent water from entering your home
• Ensure there is proper grading around your home and address any concerns (e.g. ground sloping towards the house)
• Use a rain barrel to catch water runoff

For more tips on what to do if you have a flood, read IBC's blog, "Your home is flooded: Safety tips and insurance coverage"

In an average year the Canadian insurance industry pays approximately $1.7 billion in claims due to water damage. For more information, homeowners can also call the Insurance Bureau of Canada Consumer Information Centre at 1-800-387-2880.

About Insurance Bureau of Canada

Insurance Bureau of Canada is the national industry association representing Canada's private home, car and business insurers. Its member companies represent 90% of the property and casualty (P&C) insurance market in Canada. The P&C insurance industry employs over 114,000 Canadians, pays more than $7 billion in taxes to the federal, provincial and municipal governments, and has a total premium base of $40 billion.

To view media releases and information, visit the media section of IBC's website at www.ibc.ca and for IBC on Twitter follow @insurancebureau.

or to schedule an interview, contact:

Steve Kee
Director of Media Relations
Insurance Bureau of Canada
416-841-5669
[email protected]