Newspaper article The Canadian Press

Co-Operators Expands Storm Surge Insurance Offering in Atlantic Canada

Newspaper article The Canadian Press

Co-Operators Expands Storm Surge Insurance Offering in Atlantic Canada

Article excerpt

Co-operators expands storm surge insurance

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The Co-operators Group Ltd. has expanded its storm surge insurance coverage in Atlantic Canada after several high-profile weather events in the region.

The insurer is making the coverage available for the first time to homeowners in New Brunswick, Newfoundland and Labrador and Prince Edward Island.

The company said Monday that the comprehensive water insurance provides coverage for storm surges, overflowing lakes, rivers and creeks and sewer or septic backup.

"Overland flooding has been identified as the most pervasive and costliest cause of damage to Canadian homes, yet most are inadequately protected against this growing risk," said Co-operators CEO Rob Wesseling in a statement.

The Co-operator's coverage was recently released in Nova Scotia. …

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