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.