Water Damage

The increasing impact of water damage on Canadian homes and businesses has prompted actuaries to look for better ways of estimating the costs associated with this risk.

Water and Flood damages are some of the most communes situations that Canadian home residents have to deal with, and this doesn’t end here because if the water situation is not treated appropriately this can turn into a bigger problem like having mold in your home which can bring serial structural damages to your property and also bring healthy problem to your organism.

Common Causes of Water Damages

  • Bursting or leaking pipes
  • Issues with the plumbing system
  • Buildup in areas prone to collecting water, such as crawl spaces, attics and basements
  • Faulty or malfunctioning household appliances
  • HVACs (Heating, ventilating and air conditioning units) issues
  • Natural disasters and other weather-related water problems