Homeowners Insurance Water Damage

(IBC) The insurance bureau of Canada  has indicated that Canadian insurance companies are paying more and more for extreme weather-related damage each year. Keeping Calgary home insurance premiums low is a real challenge, especially considering the heavy floods of 2013 and substantial hailstorms of the years prior. Since the IBC has also warned that we should expect more frequent and severe storms for the near future at least, instead of filing a claim for compensation, by performing some simple tasks around your property you can prevent damage from occurring in the first place.

How to Prevent Water Damage

Inside any home, the basement is usually the first area to be damaged by water, whether from floods, sewer back-up or even a hot water tank malfunctioning. Once a basement accumulates moisture, your entire house could be affected by bacteria build-up and toxic mold accumulation, which is expensive to remediate, and could also lead to illness. Further, a house seriously affected by bacteria and mold cannot be saved anymore. To avoid getting sick and even losing your home, consider the following water damage avoidance tips.

• Opt for lot grading or re-grading, which requires the creation of a slope to divert water away from your   home
• Complement your sewer system with a back flow device that prevents water from leaking into your  basement
• Check basement walls and floor for cracks; seal anything you find
• Inspect your pipes regularly; replace damaged pipes/valves/faucets
• Inspect your hot water tank regularly
• Replace your current basement windows with a flood-resistant variety

In addition to the aforementioned points, a few outdoor preventive tasks to avoid potential water damage will also help keep your Calgary insurance rates down. Here are some tips:

• Add window wells to all windows, including the basement windows
• Check the condition of your eaves troughs and downspouts along with the necessary extensions in order to ensure proper drainage of rainwater
• Clean your eaves troughs and downspouts every year
• Inspect your roof at least twice a year and replace or repair damaged roofing panels or shingles
• Check the humidity levels in your attic; if the humidity level is high, install several fans to improve ventilation 

and prevent moisture from accumulating

• Clear snowfall from the roof and around your house

Calgary Home Insurance and Its Advantages

Home insurance gives you the opportunity to protect your home together with all of your belongings. To get a lower insurance rate, make sure that you explain to your insurer the water damage precautionary measures you have adopted.

Lane's Insurance in Calgary puts you in touch with some of the most reputable and proficient insurance providers in the business.

Insurance Of Equipments Used In Water And Boats Insurance

Insurance of boats and other forms of equipments used in water are performed by specialized insurance companies and entities. Marine insurance companies are situated all over the world. These companies offer insurance to the boats, jet skis, yachts, sailing boats, motor boats, cruisers, power boats, and commercial boats. Quality insurers are utilized in this regard and they help their clients to the fullest in insuring their assets.

Marine insurance generally entails following characteristics:

Insurance policy on the basis of market value is commonly obtained all over the world. This policy is extremely helpful in making good the loss of the insured. In the case of any externally or total loss the insurer provides the insurer with the amount prevalent within the market. This enables the insured to buy a new boat. The market value is usually determined at the time when the boat gets destroyed.

The agreed value usually insures the boat or the water related fixed asset at an agreed price. The price is tendered in event of loss or destruction of subject matter. In this policy it is market value of the asset is irrelevant and policy is determined according to the agreed price which is fixed at the beginning of the contract.

GPS systems and tracking devices also serve against anti theft. They are commonly bought all around the world. These devices are used to track the boats. Insurance claims are usually processed by the insurers within the stipulated time period. Such claims are brought to the claims department by the insured and they are processed accordingly. The insurance inspector inspects the asset and the scenario and writes a report before any claim can be processed for payment. The claims are entertained according to the value of the insurance policy.

Boat insurance quotes are commonly offered online. One can utilize the online resources to the fullest in this regard. It happens so that insurance companies in order to attain large clientele and increase profits hand over part of sales to the individual insurance brokers. These brokers sell the policies at a discount to the needy and in turn earn hefty commissions.

Equipment covers are exclusively bought for the breakdown maintenance of the components of the boat. The engine and other components like the rudder and the navigation equipment are included with the equipment cover.

Speed racing and other events are generally not covered by the basic policies. Various other policies are bought in this respect, which are more expensive than the normal insurance policies. It happens so that during race events the boats are susceptible to accidents and destruction. This makes insurance extremely risky, therefore, not all the insurance companies offer insurance to the user in this regard and one's who do charge hefty funds in this regard. Coverage insurance all related water equipment.

Dangerous To Wade In Flood Water

The damage that floods wreak can always be counted on for causing major economic losses due to personal and commercial property damage, infrastructure damage, ruined crops, and of course, the toll of human lives lost. With so much at stake, and understanding that the standard homeowners policy excludes coverage for flooding, it's easy to see why many homeowners are diligent about purchasing flood insurance in Florida. They should also keep these tips in mind to help them stay safe in the aftermath of a flood.

Heed weather warnings. How many times has a news crew shown people who refused to evacuate when officials warned them to, preferring to stay behind and ostensibly protect their things (although how one can protect a house from a flood is a hard one to fathom)—only to see those same people later stuck up on the roof, yelling for help? It's best to be prepared to move quickly when a flood warning is posted, because those who wait too long may find it impossible to get out.

Stick to the high ground. It's dangerous to wade in flood water, which can be moving faster than expected and result in being swept away and drowned; many people caught in this situation report being surprised at just how powerful the moving water actually was. What's more, the water can be carrying debris and objects that can cause serious injury, not to mention harmful bacteria, chemicals, and other microorganisms that can cause infections and disease.

Be careful of power lines. People are severely injured every year when they come in contact with live wires while standing in water. Keep in mind that it's possible for some wires in the home to be dead, while others are live—and dangerous! Assume a wire is live rather than dead, and treat it accordingly.

Wear protective clothing. After the water subsides, as many or more people are injured during cleanup than in the actual torrent. Falling debris, sharp-edged materials sticking up out of the water, chemicals, frightened or injured animals—injury can happen from myriad sources. It's a good idea to wear long sleeves and pants, heavy gloves, and a respiratory mask when performing cleanup.

Eat and drink carefully. Refrain from drinking tap water until the city advises it is safe to do so, because the municipal water system may have become tainted by the downpour of water. Keep a supply of bottled water on hand, or boil water for drinking. When going through the pantry, throw away food in cans and bottles that came into contact with flood water; even if they are sealed, contamination by trace elements is still possible.

Use flashlights over candles. Use caution when lighting a candle because floodwater could contain flammable liquids such as oil and gas. If these liquids come into contact with the candle flame, they could catch fire and even cause an explosion. Instead, keep plenty of fresh batteries on hand to power several heavy-duty flashlights, and keep candles around strictly as a backup that won't be used unless it's clearly safe to do so.