As prepared as homebuyers think they might be for any occurrence of a flood happening, they might not be well informed as they should be.
A large number of home buyers believed that the federal government will have them covered in case of any large overland flood causing basement flooding according to a survey done by Public Safety Canada. However, Blair Felttmate, a climate change expert at the University of Waterloo informed CBC that will not be the case for most.
Unlike those that were affected by the floods in 2013, for which the government compensated the victims for, due to the fact that no insurance company was able to compensate or cover any cause of overland flooding.
As there are more insurance company and private options open to the public, the government will not be entitled to settle or cover any homeowners.