Fact-Check on Home Insurance in Calgary: Overland flooding of basement is not included in your cover

Are you a home owner and planning to buy home insurance in Calgary? If yes, then do remember that if your home has a basement and you live in an area that is prone to floods, or lies in a flood-endangered zone, then you need to get a separate overland flooding coverage, in addition to your standard home insurance policy. What is overland flooding? From the perspective of the insurance company there are different types of flooding in Canada and overland flooding is one of them. Characteristics of overland flooding: – It…

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Business Insurance for your home-based business in Alberta

Entrepreneurship thrives in Alberta. In fact data from the Centre for Innovation Studies reveals that Albertans have the highest rate in the world for entrepreneurship; much higher than other Canadian provinces, the US and other western European countries. A significant portion of the entrepreneurs comprises small business owners. These owners either have their own premises, or have taken it on rent, or operate from home. If you operate your business from home, do you need an insurance cover? Yes, if you are a home-based business, then you certainly need an insurance…

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