By: Luke Jones, Published on July 10, 2018 03:20 PM, Last Update on July 10, 2018 12:21 PM
The Insurance Bureau of Canada (IBC) has praised Toronto’s progressive policies on mitigating, managing, and handling floods. The insurance industry representative has also partnered with the City of Toronto and the Intact Centre on Climate Adaption at the University of Waterloo to highlight the city’s home resilience program.
IBC, Intact Centre, and the Toronto government are urging homeowners in Canada’s largest city to participate in the program.
The Toronto Home Resilience Pilot Program will launch on July 11, 2018 and is oriented towards creating a structure of emergency preparedness in the city and help to give 200 homeowners education on how to reduce flood risk.
Homeowners who enter the program will also receive a customized, confidential Home Flood Protection Assessment. The assessment will include information on how to prevent flooding in basements.
“Urban flooding has emerged as a key concern for many Torontonians and Canadians alike,” the IBC said in a statement. “By participating in this program, homeowners can better assess their flooding risk and make educated decisions to help prevent damage to their homes and property. Lessons learned in Toronto will inform a nationwide flood risk reduction program that will provide Canadians with the practical resources they need to reduce their risk of basement flooding.”
Homeowners in fully detached, semi-detached, and townhomes within the City of Toronto can participate in the program. The subsidized fee is set at $95 (from a full value price of $450). While the program will launch this week it will not start until September.
“The program is so informative and revealed many issues that did not come up during our standard home inspection,” shared Lindsay Bunce, a participant in the program. “It has provided us with a roadmap to follow as we prioritize upgrades and repairs for our home. We now have peace of mind knowing that when the identified items are addressed, we are doing everything we can to protect our home from flooding.”