While property insurance in Lethbridge works the same way as other cities in Canada, there are some specific environmental risks to be aware of.
Rain. Lethbridge gets about 275 millimetres of rain every year and spring and summer storms in the Prairies can drop large amounts of rain in a short period of time. This can flood basements and back up drainage systems. The more homeowners that make claims, the more likely your rates will increase.
Flooding. Lethbridge is situated next to the Oldman River, which has a history of flooding. Insurance for overland floods isn’t often included in most policies, so you’ll need to pay extra for this coverage in the form of an insurance rider.
Snow. Lethbridge gets an average of more than 110 centimetres of snow every year. Heavy snow, ice damming, freezing weather or a combination of these can cause damage to your home. Again, these might not always be covered by your insurance and you may need to get additional coverage.