Water is the new fire when it comes to home insurance claims in Canada.
A new survey from Desjardins Insurance shows water is the most common cause of damage and accounts for 50 per cent of home insurance claims costs.
About one-in-four people say they have experienced some sort of water damage to their home, but 43 per cent say they do not know how to prevent it.
The survey also reveals one-in-two Canadians do not know what types of water damage is covered by their insurance policy.
Desjardins says home insurance policies cover accidental damage from things like a burst water pipe, a leaking dishwasher, or an overflowing bathtub.
Roughly three-in-four people say they believe severe weather has become more frequent over the past decade.
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Story by Brad Perry
Twitter: @BradMPerry
Email: perry.brad@radioabl.ca
(File photo)
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