Most Canadians don’t know they are living in high-risk flood areas
Most Canadians living in flood risk areas do not know their homes are in danger, which could cost Canadian taxpayers billions in population resettlement.
In a survey of 2,500 people living in designated flood-risk areas across the country, only six per cent knew their homes were at risk, according to a new report from the University of Waterloo’s Partners for Action, with funding support from The Co-operators Group Ltd. Only a quarter of respondents said their insurance representative had discussed flood coverage options with them.