Information for Consumers

Property Insurance - 5 Things Homeowners Should Know

5 Things Homeowners Should Know about Property InsuranceClick here for a pdf version of this page.

  • Before a loss occurs, it is important to work with your insurance broker or insurance company to understand your policy. Ask them what's covered and what's not.

  • If a disaster happens in the future, insurance companies will be expected to honour their contractual obligations. But they are not expected to cover anything not set out in your policy.

  • While sewer backup coverage is generally available to Albertans, losses caused by overland flooding (such as excess rainfall runoff) are not usually covered.

  • Prevention is always the best strategy. Check out the Insurance Bureau of Canada's website ( for tips on how to flood-proof your home.

  • If you're not happy with your current insurance coverage, shop around. You may be able to find a better fit elsewhere.

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Page last updated:  January 18, 2017