Is Basement Flooding a Common Problem?
Basement flooding is unfortunately a common occurrence in many parts of Canada. Basement flooding related insurance claims in Canada are estimated to be in the order of $140 million per year based on a multi-year average. This represents an average of approximately 30,000 to 40,000 incidents per year, with an average cost of damages per flooding incident between $3,000 and $5,000. Many cases of basement flooding are not reported. But the good news is that many types of basement flooding may be avoided. This publication explains some of the practical steps you can take to avoid basement flooding.
