Understanding the Risks of Water Damage
Heavy storms and burst pipes are next to impossible to predict yet they can do significant damage to your house or condo. Here are some key precautionary steps to take into consideration:
1. Read the details of your home’s insurance policy to understand the water damage coverage included, and to confirm your deductible.
2. Check municipal policies about storms and flooding, and know the legal jurisdictions for drainage/sewage and water supply. Find out where your municipality’s main supply and drain pipes connect to your property, and what/where the lines of responsibility are located.
3. For condo owners, ask your corporation to identify the point at which responsibility and liability is transferred to individual owners.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.