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As a responsible homeowner, you already understand the value of insuring your residence against damage. You may currently have home insurance in Edmonton, but are you covered in the event of a flood? If not, you may be setting yourself up for a possible financial disaster. A flood can cause much damage to your home, and you need flood insurance in Edmonton if you want to avoid a great deal of unnecessary expense.

Flood Prevention Is Critical—Steps to Take in Addition to Home Insurance

Regardless of the coverage you choose for your homeowner’s insurance in Edmonton, you must implement flood prevention measures in and around your home. If you fail to take these necessary steps, you could be at risk for flood damage. Having flood insurance in Edmonton is important, but you can also follow these recommendations to prevent water and rain damage and protect your home from flooding:

  • Elevating and Relocating: In November 2016, Edmonton made flood maps for 100 neighbourhoods available. If you live in a part of Edmonton where flooding is likely, you should take extra precautionary measures against damage; doing this will help you to be compensated by your home insurance in Edmonton. The steps you should take might include elevating or relocating major appliances and features of your home, including your water heater, washer and dryer, electric baseboard heaters – and possibly even your home structure.
  • Prevent Flood Damage: Take a look around your property, and imagine what could happen if a flood occurs. Then, do whatever you can to minimize potential damage. Ensure that the pipes do not leak, and keep the eaves clean and free of debris. Shovel snow instead of allowing it to accumulate around your home; this will prevent it from pooling around the house when it melts. Check that water flows away from your house by ensuring that the grade on your home goes away from the home.
  • Know Your Responsibilities: Talk to your insurance agent about what is expected of you as a homeowner. One example is to have cracks repaired because if your home has a crack in the foundation, that could be considered negligence by your provider. It is possible that your flood damage claim may be rejected; so you must fix such issues as they occur.
  • If Your Home Sustains Damage From a Flood: Sometimes, a flood can harm your property no matter how much effort you have put into prevention. When that happens, the first thing you should do after moving occupants and valuables to safety, is call your insurance company.

Discuss Your Homeowner’s Insurance in Edmonton with an Expert

The best way to know that you have appropriate flood insurance in Edmonton is to consult your MBS agent. If you want sewage back-up, that is likely to be covered in your policy (but you could opt out if you wish). Don’t wait until your home sustains damage from a flood to explore what is covered and what is not.

Many providers offer overland water protection. These programs can cover sudden rain, spring run-off, or overflow from lakes and rivers. However, there are many caveats, and the coverage varies by provider, so it is best to talk to a broker at MBS Insurance to understand your options.

Don’t allow a flood to get the best of your home or your emergency savings. Speak to an agent from MBS Insurance Brokers Ltd. for information on flood insurance in Edmonton.

To be sure that you are getting the best home insurance in Edmonton, call 780-436-7880 or contact us online.

How an Insurance Broker Saves You Time and Money

Do you know the benefits of an insurance broker?

Suppose you’re looking for the best insurance coverage at the best rates in Edmonton. In that case, you’ll first want to understand the benefits of an insurance broker and how they can help protect you in all sorts of different situations – whether it be saving you money, time or giving you simple peace of mind.

What Are the Benefits of an Insurance Broker?

Here are some of the many benefits of an insurance broker.

 

1. Saves Time

An insurance broker does all the work for you, so you don’t have to spend your valuable time shopping around for insurance. Instead, you simply provide your broker with information about your needs, and they shop the markets on your behalf.

 

2. Saves Money

Insurance brokers work with many different partners to find the best deals on the insurance that works for you. They take all your needs into account and make recommendations that are in your best interest. They have relationships with many insurance partners and can negotiate competitive rates and discounts, saving you money in the long run.

3. Expert Knowledge and Advice

An insurance broker provides you with the support and expertise you need to find coverage that suits your needs. They work with various products and services to find the coverage that best suits you. In addition, they can draw from an extensive knowledge base and experience to advise you on the best options. 

Insurance Brokers provide expert and unbiased advice. A wealth of knowledge about coverage and market rates combined with expert risk assessment ensures your possessions and business are adequately protected. Whether you are looking into auto insurance rates, tenant insurance, or home insurance rates, your insurance broker can help you every step of the way.

You can utilize their expertise to quickly identify your options and rely on their unbiased advice to help you make the best-informed decision for your situation.

 

4. Working For Your Best Interests

Since insurance brokers do not work with one particular company, they have nothing to gain from recommending a specific product. The insurance company also pays them a standard commission. Thus, there is no financial incentive to choose one insurer over another.

Insurance brokers have your best interests in mind. You can count on them to find you the best rate possible, which can give you the peace of mind you need. You can rest assured knowing that if you ever need to file a claim, one of our brokers will be there by your side to guide you every step of the way. They act as an advisor on insurance-related matters. They will shop the market for the best coverage and rates for you. Since fulfilling your needs is their only priority, they will provide independent, unbiased advice on the right coverage for your situation.

5. Privileged access and rates

Insurance Brokers have access to a wide selection of the best insurance companies in the country. These insurance companies are only accessible by Insurance Brokers. They do not deal with the public directly or with Direct Writers. Brokers enjoy long-standing relationships with these insurance companies. Still, they do not have an affiliation with any specific insurer, enabling brokers to provide you with a broader range of options at competitive rates.

 

6. Transparency

Insurance brokers must give full disclosure about their compensation and its effect on your insurance premium.  They are also required to declare any financial links with specific companies that may be a conflict of interest, enabling you to make the best-informed decision.

 

7. Risk and Advocacy Experience

Extensive experience dealing with different clients and claim situations equips insurance brokers with a broader perspective on how to reduce your risk. Also, in the event of a claim, you can count on your broker to act as your advocate with the insurance company and handle your claim fairly and promptly.

Speak to MBS Insurance in Edmonton about your Coverage

Reach out to MBS Insurance today to determine your home, auto, and commercial coverage options. Over the past 45 years, our experienced team of insurance brokers in Edmonton has earned the trust and loyalty of our clients by delivering superior products and services. We understand your needs and provide you with the best protection and rates.

There are many benefits of an insurance broker. We can help you understand the intricacies of your insurance plan while saving you money at the same time. We are a trusted insurance provider in Edmonton and provide personal and commercial insurance policies to people living in Alberta. We offer the best rates on recreational, auto, property, commercial, and group insurance policies. 

Contact us online for a free quote or by phone at 780-436-7880.

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This article was originally published on October 7, 2016, and updated for 2021.