Podcast Episode 122: “Water Is Coming”: Climate Change Preparedness for Homeowners and Real Estate Investors.
Damaging floods are on the rise, whether as sewer backups, swollen rivers and lakes, rising ocean levels, or overland flooding. As a result, water related insurance claims have been rising, triggering changes to policies and premiums. If you own property—and especially property with a basement—it’s time to re-evaluate your preparedness. This blog post considers climate change and what it means for Canadian homeowners and real estate investors in terms of maintenance, prevention, and insurance against water damage from flooding.
Download the audio file HERE. Read a written version below or download the handout HERE. (control click or right click + save as) Continue reading →
Lead pipes are a very real risk with older houses; it’s a toxic metal and can make the water unsafe to drink. In this Tale, my client was given notice by her water utility provider that her rental property might have lead pipes. She took lengths to protect her tenants, as well as make sure her insurance would cover her in case of any issues. When dealing with older homes, it is essential to do diligence on the possibility of lead pipes and how to address it.
Download the audio file HERE and the text/handout HERE. (control click or right click + save as)