Insurance Bureau of Canada

Insurance Bureau of Canada: Insurance companies aren't going to be the ones picking up the tabs since "overland flooding" water that comes in through doors and windows is not covered by most policies. According to the Insurance Bureau of Canada, overland flooding is a risk for only a small percentage of the population those that live on a flood plain or close to bodies of water and most homeowners are not willing to pay the extra costs to be protected against the risk, according to CBC. She promised to do "everything it takes" to help people rebuild their homes and Redford said it won't take as long as it has in past disasters to get financial assistance to those who need it. She said people should be able to get funding in under two weeks and As thousands of Albertans begin cleaning up their flooded homes, questions are being raised about whose pockets the money is going to come out of to help repair the damage. So with insurance generally not being an option, homeowners will be turning to the government for help. Alberta Premier Alison Redford announced Monday that a preliminary $1 billion in spending has been approved to support immediate flood recovery and reconstruction efforts. The government is also committing to provide preloaded debit cards for housing needs and day-to-day purchases. They will be worth $1,250 per adult and $500 per child. (www.immigrantscanada.com). As reported in the news.