As Canada is braces for another record wildfire season, the climate crisis is bleeding into another major challenge facing Canadians — housing.
“The impact of, for example, a flood in your basement can cost you dozens of thousands of dollars, for one event. I think it’s normal and I think it’s … relatively encouraging to know that people are aware of the risks,” she said., 10 per cent of all households in Canada are “highly exposed” to flood risk but lack access to flood insurance. The cost of extreme weather events on residences has skyrocketed since 2008.
He added: “It’s not just homeowners, renters also need to have the right coverage, especially if they live in flood or wildfire-prone areas. If a flood or wildfire is imminent, they may not be able to purchase coverage due to binding restrictions.”“The Insurance Bureau of Canada is currently working with the federal government on a National Flood Plan that is slated to be introduced in the coming years,” he said.Edmonton couple finds potential obsidian artifact in front yardSatellite built by N.
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