Bethan Moorcroft from Insurance Business Canada has published an article highlighting the importance of homeowners and insurance companies to work together with private sector companies to tackle the urgent need to prevent sewer backup floods from occurring. Bethan highlighted the fact that Backwater Solutions Canada is one of the private sector companies innovating by developing an early warning alarm system that attaches to backwater valves in homes and notifies the homeowner and other stakeholders that a sewer backup flood is imminent.
With almost 50% of all flood claims in Canada being paid out for sewer backup floods the potential savings for insurance companies is huge.
Read here for the full article from Insurance Business Canada.
