We recommend that every homeowner seriously consider adding flood protection to their policy. This is even more important if you live in an area that prone to flooding. In 2016, the Insurance Bureau of Canada created flood maps that allow insurance companies to assess the risk. According to these maps, some 20% of Canadian households could be considered high risk. However, these flood maps are not necessarily kept up to date, so many homeowners find it challenging to determine if their home is in a flood zone. Due to how damaging water can be – and that it does not take that much water damage for extensive parts of a home to be a complete write-off – overland flooding insurance in Canada is a worthwhile additional coverage. Ultimately, it comes down to how much risk you can tolerate, and our ability to stay financially afloat if you opt not to add flood protection to your policy. Many people want to be safe, rather than sorry, and therefore opt for flood insurance.