Gordon McCallum
Some homeowners in flood-ravaged Alberta are banding together in an attempt to name and shame insurance companies that have rejected their claims for sewer backup damage following recent floods. Residents of the Elbow Park neighbourhood in Calgary say some insurance companies are approving claims while others are not - despite similar policy wording.
Consumers looking to buy a used automobile are advised to be aware that vehicles deemed a total loss from the flooding in Alberta will find their way to market for unsuspecting buyers elsewhere, Economical Insurance reports. "History has shown that unscrupulous people buy flood-damaged cars, clean them up and sell them at attractive, below-market prices," notes a statement from the property and casualty insurer.
Not all flooding covered under insurance policies Posted: Jun 21, 2013 4:41 PM ET Alberta homeowners who hope to make claims with insurers for flood damage will be out of luck in most cases. That's because not all flooding is covered under most insurance policies.
Some homeowners are banding together in an attempt to name and shame insurance companies that have rejected their claims for sewer backup damage following recent floods. Residents of the Elbow Park neighbourhood in Calgary say some insurance companies are approving claims while others aren't - despite similar policy wording.
Metro / Robson Fletcher Municipal Affairs Minister Doug Griffiths addresses the media Monday. Albertans who suffered massive losses due to flooding are unlikely to get much from insurers but the provincial government pledged Monday to simplify and accelerate the process for receiving financial assistance.
