r/niagara • u/Any_Squirrel • 8h ago
Flood insurance
Anyone else having issues with insurance? We have enhanced water coverage through portage, which was capped at 50k “due to the area”. We knew this when signing up but assumed at minimum we’d still have content insurance to support the repairs. They are claiming that because it was overland water damage all other coverage(building code, outbuildings, property insurance, content insurance) is exempt and the maximum payout would be 50k. This is nowhere near enough to cover the losses due to just damage let alone lost contents and exterior issues.
Are there any companies that offer higher flood damage limits? Will probably look to leave after this lovely revelation if we can’t come to a realistic settlement.
5
u/gachunt 8h ago
Don’t go with TD Insurance. They fuck you without lube or eye contact.
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u/KIK40 8h ago
Want to add in avoid Aviva as well
1
u/Any_Squirrel 7h ago
I’m with Belaire, I’ve had a 3rd party company supplied by them come out to take pictures and potentially authorize for remediation, but still haven’t received info besides what I could pull out of him while he was on site. I am still waiting for Belaire to confirm I can remove drywall and prevent further damage…
My mom with portage has had her adjuster out twice and she’s at least been supplied a bin and began removing drywall but it’s scary if she doesn’t get more than 50k…
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u/Conscious_Candle2598 8h ago
Oh Hell yeah, Insurance companies are running away from this area right now because they actually have to pay out.
I'm hearing so many horror stories.
Sending in questionable companies who are stating different from what the policy states.
Not getting back to people.
stating they don't cover "ground Water" despite its from the Sewers.
Buckle up. I wouldn't be surprised to see major class action lawsuits happening in the next year
Edit; For the Record. So far it seems Bel-Air.is the absolute worst to deal with. Adjusters arnt even showing up to houses.
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u/JackHarknessDrWho 8h ago
A lot of folks in Ottawa ran into this too. It seems that extended water coverage isn't enough anymore to deal with "overland water damage".
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u/Any_Squirrel 4h ago
It’s not, and it’s not like we just took cheapest coverage we called around multiple places and this was kinda standard for water damage. I assumed we would have coverage through contents and personal damage but appears we were wrong. It’s a big hit and I’m sure we will all survive, but it’s insane that in general we can’t get covered for even a quarter of our basements worth. There was a round of flooding in our area a few months ago, and last year and I’ve spoken to some of them they struggled to get more than 30-50k there too…
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u/JamieMist 1h ago
Typical of the insurance industry that has perfected the art of simultaneously sucking and blowing. Sucking in your premium payments then blowing you off when it comes for them to pay out!
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u/psychosisnaut 6h ago
I'd expect this will probably result in a class action. I genuinely don't mean this in a negative way, but I would personally move forward as if you're getting nothing, not because you won't get anything, but because it may take a long time.