Flood insurance, a relatively new option of flood recovery, is a proactive approach to preparing for floods. As more insurance companies introduce flood coverage options, homeowners have more solutions available and more reassurance when it comes to protecting homes. Alternatively, in the event of a large-scale natural disaster provincial and territorial governments across Canada provide financial relief through the Disaster Financial Assistance Arrangements (DFAA). It’s up to you, the homeowner, to research and learn what options are available after a flooding event.
In a recent report, the Insurance Bureau of Canada (IBC) explored how natural infrastructure is playing an increasingly important role in flood prevention. As more development occurs, there is a clearing out of wetlands and natural areas causing limited options for water storage. This leaves communities vulnerable to the effects of major flooding.
Living along coastal waters highlights the need for direct action against flooding in the City of Surrey, British Columbia. City Councillor Mike Starchuck states that “we can’t afford not to do anything”, addressing the need to take immediate action to address flood resiliency in Surrey.
When considering the effects of floods, it’s common to think about the immediate risks such as drowning or physical distress and to dismiss long term impacts. It is important to acknowledge that even after a flood occurs there is still a significant risk of impacts on one’s health. With intense flood events on the rise it is becoming even more critical for Canadians to understand the various associated threats.