As spring arrives, it brings a significant shift in Canadian weather patterns. For property owners, this season represents more than just a change in temperature; it is the beginning of peak storm season. Recent data reveals that insured losses from catastrophic weather events in Canada regularly exceed $3 billion annually, with water and wind damage being the primary drivers.

At Paul Davis, we see firsthand the distress caused when property owners discover their coverage is insufficient. Before the first major storm hits, schedule a conversation with your broker to ask these critical questions.

Does my policy include overland flood and sewer backup?

It is a common misconception that standard homeowner policies cover all types of water damage. In reality, overland flood insurance and sewer backup are often separate endorsements. Given that water damage now accounts for over 50 percent of home insurance claims in Canada, knowing your specific limits is essential.

• Overland Flood: Covers water entering from the ground level due to heavy rain or rapid snowmelt.
• Sewer Backup: Protects you if water is forced back into your home through floor drains or toilets.
• The Reality: Without these specific riders, you may be personally responsible for the full cost of basement restoration.

Am I covered for "Replacement Cost" or "Actual Cash Value"?

The difference between these two terms can amount to tens of thousands of dollars during a rebuild. With construction material costs and labour shortages affecting the Canadian market, your policy needs to reflect today's pricing, not the prices from five years ago.

• Replacement Cost: Covers the price to rebuild or replace items with new materials of similar quality.
• Actual Cash Value: Pays the depreciated value of your property or belongings at the time of the loss.
• Broker Question: Ask if your policy has a "Guaranteed Replacement Cost" clause to account for inflation in building materials.

What is my specific deductible for wind and hail?

Severe storms in the Prairies and Ontario have led to a rise in hail-related claims. Some policies now carry a separate, higher deductible specifically for wind and hail damage.

• The Data: Hail and wind damage can easily cause $20,000 to $40,000 in damage to roofing and siding.
• Broker Question: Clarify whether your deductible is a flat fee or a percentage of your home's total insured value.

Are my exterior structures and "High-Value" items protected?

Standard policies often have sub-limits for detached structures like sheds, fences, or expensive outdoor equipment. If a spring storm downs a tree on your detached garage, you need to ensure the coverage limit is high enough to handle the reconstruction.

This Is No Time For Second Best

An insurance policy is only as good as the protection it provides during a crisis. Reviewing these details now allows you to make adjustments before the storm clouds gather.

If you have concerns about storm damage or moisture in your home, our team

is available 24/7 for expert guidance. You can also connect with a local Paul Davis office in your neighbourhood to learn more about our storm recovery services.