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If you’ve ever experienced a water backup in your home, you know what a mess it can create. Water backups can occur when a drainage system simply can’t handle unexpected volumes of water from a major rainstorm or a sudden snow melt. The waste water flows back, through the pipes, into your home. Sewage coming into your home can cause extensive damage, not to mention serious health risks. Immediate cleanup is required, and can be very expensive.
While there are some steps you can take to prevent water backup damage, such as installing a sewer backwater valve, the only way to financially protect your family and home against water backup damage is to buy insurance.
In North America, most home insurance providers let you add water backup coverage to their policies. At Square One Insurance Services, we automatically include water backup insurance in all our policies. No paying extra. To learn more about water backup insurance, review the information provided below.
Does home insurance cover water backup damage? |
If you’re insured with a traditional home insurance provider, you may discover that water backup is excluded from the base policy. Often it’s available as a rider at an additional cost. In some areas, the risk of flooding causing water backup is so high, that insurers will only add water backup coverage in small increments, up to a specified limit. This limit may or may not be sufficient to cover the cleanup, let alone the replacement of damaged goods. Often drywall and carpets will need to be torn out, and replaced. And think about the cost to replace all of the belongings kept in your basement. At Square One, our home insurance policies automatically cover loss or damage caused by water backup. No paying extra. In fact, you get one of the most comprehensive policies with us. |
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What does water backup insurance cover? |
If a sewer backs up, causing freshwater or wastewater to enter your home, water backup insurance is designed to cover the cleanup. If your home insurance policy settles losses on a replacement cost basis, your policy will also pay to replace your damaged property. Other policies provide coverage on an actual cash value basis. If that’s the case, your policy will pay only the depreciated value of any damaged items. |
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How much does water backup insurance cost? |
The cost to add water backup could range from $10 to $250 per year with traditional home insurance policies. Not all insurance policies (or homes) are created equal. Some companies allow you to add water backup to your policy, but will limit the amount of coverage to $5,000. Others will cover you right up to the coverage limit. If you have an empty basement, you’ll need less coverage than someone with a developed basement, full of furniture. The price you pay for water backup insurance will depend on:
Water backup insurance is included in all home insurance policies offered by Square One. No paying extra. |
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What is the deductible for water backup damage? |
Depending on the home insurance provider you deal with, the standard policy deductible or a separate inland flood deductible may apply. The inland flood deductible applies to water backups caused by inland floods. If you live in an area where water backups from inland floods have been a problem, your deductible will likely be higher. |
Getting the best protection doesn't have to break the bank. See how affordable personalized home insurance can be. Get an online quote in 5 minutes.
Don't just take our word for it. Here are some of the reviews that contribute to our average rating of 4.7 stars out of 5. Want to read more? Visit our reviews page.
When I phoned, Alaina was super helpful to me as a first-time buyer and patiently explained anything I had questions about. Then I thought it was pretty cool you could customize it and mull it over online before purchasing.
I had the unfortunate experience of navigating a flood shortly after moving into our new apartment. It's supposed to be a pain in the rear to go through the claims process. It's confusing, it even feels a bit embarrassing—but the team at Square One (and their partners) were incredible to deal with. They made a really bad situation good(-ish). Super responsive, sympathetic to what happened, treated me like a human. I'm a customer for life ... if only they offered more than just property insurance!
The people I dealt with were polite, understandable, and especially patient and clear in explaining options or choices. They were never pushy, patronizing or arrogant. It was a pleasure.
I literally set up new rental insurance at my new place in less than 10 minutes online. The questioning was easy, thorough and concise. I had my new policy by email just a minute after completing it online. Pricing was very fair with yearly and monthly payment options. Highly recommend!
Had 7 minutes to get this done while riding the SkyTrain home and got it completed as I rolled into my stop. Kudos!
I called to transition my policy to another type. I was worried it would be complex and time-consuming. Instead, it was easy peasy, smooth, and everything was reviewed with me and all my questions answered. I'm always so impressed by Square One!
I asked quotes from a variety of providers, and after going through reviews and coverages, I'm glad I chose Square One. Whereas other companies automatically add coverage for things you might not need (jewellery, sporting equipment, etc.), Square One allows you to decide what you want covered and just how much you want the coverage and deductible to be. I'm feeling extremely comfortable moving into my new place with this policy... although I sure hope I never need to use it!
This is my first insurance policy purchase and it was super easy! I felt like everything was explained clearly and I understand my policy completely. And best of all, it took less than 10 minutes on my laptop to do!
Such a painless process. Transparent and easy to follow along. I love picking and choosing the coverages that I want and seeing my payments adjust accordingly, instead of an agent telling me what insurance coverages I have and what I will be paying. I highly recommend Square One. My rate actually dropped from what I paid last year! Amazing.
After struggling with several brokers and insurance providers over the phone to get a reasonably-priced quote, I decided to give this one a try. Quick, easy, and very reasonable prices. No phone, just a simple form filled out online and a standard online payment. Proof of insurance ready immediately. All insurance should be this simple.
Find out how affordable personalized home insurance can be in 5 minutes with an online quote. Or call us at 1.855.331.6933 to speak to a licensed agent.