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Co-operators offers storm surge insurance in Canada for first time

Staff Writer | August 28, 2018
Storm surge insurance is available for the first time to homeowners in New Brunswick, Newfoundland and Labrador and Prince Edward Island.
Weather   Storm surge presents a significant flood risk
Recently released in Nova Scotia, The Co-operators Comprehensive Water insurance is the only product of its kind in Canada that provides protection from storm surges, overflowing lakes, rivers and creeks, and sewer or septic backup.

Storm surge, which includes rising water levels and waves caused by storms, presents a significant flood risk, especially in coastal regions where extreme weather patterns have intensified with the changing climate.

"Overland flooding has been identified as the most pervasive and costliest cause of damage to Canadian homes, yet most are inadequately protected against this growing risk. As a co-operative, it's our priority to protect the financial security of Canadians. This is why we first introduced overland flood insurance in Canada," said Rob Wesseling, president and CEO of The Co-operators.

"Now, with the inclusion of storm surge coverage, we're adding another layer of protection and providing peace of mind for those who need it most."

Comprehensive Water is the only overland flood insurance in Canada available to those at the highest risk of flooding. Homeowners can now add this coverage to protect against the most common causes of water damage.

According to a study by Partners for Action Network, 94 per cent of Canadians living in high-risk flood zones are unaware of their risk. To get a personalized flood assessment and to inquire about coverage available to them, Canadians can visit

In 2015, The Co-operators became the first Canadian insurer to offer overland flood insurance in Alberta and expanded this coverage to Ontario in 2016. It is now the only insurer to offer Canadian homeowners protection against damage caused by storm surge.

Today, more than a quarter of a million Canadians are covered by the organization's Comprehensive Water product. The model The Co-operators uses to predict flood risk is recognized as one of the most advanced in Canada, and incorporates data on elevation, soil, rainfall, river flow, government-controlled defences like dams and channels, and other factors that help predict areas at risk of flooding.