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If you’ve ever experienced a water backup in your home, you know what a mess it can create. Water backups can occur when a drainage system simply can’t handle unexpected volumes of water from a major rainstorm or a sudden snow melt. The waste water flows back, through the pipes, into your home. Sewage coming into your home can cause extensive damage, not to mention serious health risks. Immediate cleanup is required, and can be very expensive.
While there are some steps you can take to prevent water backup damage, such as installing a sewer backwater valve, the only way to financially protect your family and home against water backup damage is to buy insurance.
In North America, most home insurance providers let you add water backup coverage to their policies. At Square One Insurance Services, we automatically include water backup insurance in all our policies. No paying extra. To learn more about water backup insurance, review the information provided below.
Does home insurance cover water backup damage? |
If you’re insured with a traditional home insurance provider, you may discover that water backup is excluded from the base policy. Often it’s available as a rider at an additional cost. In some areas, the risk of flooding causing water backup is so high, that insurers will only add water backup coverage in small increments, up to a specified limit. This limit may or may not be sufficient to cover the cleanup, let alone the replacement of damaged goods. Often drywall and carpets will need to be torn out, and replaced. And think about the cost to replace all of the belongings kept in your basement. At Square One, our home insurance policies automatically cover loss or damage caused by water backup. No paying extra. In fact, you get one of the most comprehensive policies with us. |
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What does water backup insurance cover? |
If a sewer backs up, causing freshwater or wastewater to enter your home, water backup insurance is designed to cover the cleanup. If your home insurance policy settles losses on a replacement cost basis, your policy will also pay to replace your damaged property. Other policies provide coverage on an actual cash value basis. If that’s the case, your policy will pay only the depreciated value of any damaged items. |
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How much does water backup insurance cost? |
The cost to add water backup could range from $10 to $250 per year with traditional home insurance policies. Not all insurance policies (or homes) are created equal. Some companies allow you to add water backup to your policy, but will limit the amount of coverage to $5,000. Others will cover you right up to the coverage limit. If you have an empty basement, you’ll need less coverage than someone with a developed basement, full of furniture. The price you pay for water backup insurance will depend on:
Water backup insurance is included in all home insurance policies offered by Square One. No paying extra. |
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What is the deductible for water backup damage? |
Depending on the home insurance provider you deal with, the standard policy deductible or a separate water backup deductible may apply. If you live in an area where water backup has been a problem, or if you’ve had a previous loss, your deductible will likely be higher. |
Getting the best protection doesn't have to break the bank. See how affordable personalized home insurance can be. Get an online quote in 5 minutes.
Wondering what people are saying about us? Here are some of the reviews that contribute to our average rating of 4.7 stars out of 5. Want to read more? Visit our reviews page.
I now insure both of my properties with Square One and all of my experiences with them have been great. Their online systems are super easy to use, but then when I have needed to call in with questions or to get help all of their employees are super friendly and very knowledgable and helpful. Definitely will be recommending to friends!
Many thanks to Marilen for helping my mom with home insurance. I really appreciate Marilen's patience and professionalism. In fact, I have no hesitation to send my friends and family to Square One Insurance since I’ve been a policyholder for seven years. I'm truly grateful that they’ve always been there for me—from expertly handling my claim at my Burnaby home to helping me insure a rental/vacation property in the Okanagan. I also love that I have online access to my policies at any time. So easy and convenient! Thank you, Square One!
I am so impressed with my insurance and with the people at Square One. Lily is the most thorough and nicest insurance person I have had the pleasure of dealing with. On top of the fabulous service, Square One saved me over $1200 per year compared to my previous insurance company, with whom I was an upstanding and long-time client. I never thought I would receive the value I received in combination with the great service! Thank you so much, Lily and Square One!
Everything one-click and go, super easy and convenient service! I don’t understand much about insurance, but Square One explains everything online in simple words and that make it easy to understand my policy! Excellent, highly recommended.
This is how an online form should work! Bravo to you folks at Square One! This is some top-shelf 21st century stuff right here. Every single business should take note on how you are making this work. In fact I suggest you sell your platform to other companies so regular working people can process the digital age of technology invading everyday life without getting angry and frustrated and quitting, or wishing we could speak to a real person. This was honestly so easy I want to do it again. Thank you.
Square One makes getting home insurance as easy as can be. The website is super-easy to use and pleasant. Most importantly, it guides you to make the coverage selections you want, with clear explanations, immediately showing you changes to the cost. Would definitely recommend!
We were looking to change insurance companies and decided to do a web search, and came across Square One. We were very reluctant at first because they only offer phone and online services. We spoke to a young lady who was very helpful but we still had issues and questions. A few days later we decided to call again with some of our concerns and spoke to their again amazing representative Adnan.... he went above and beyond to answer our questions and concerns, not to
Alan provided me with the best customer service I could have imagined. It was my first time purchasing home insurance and so I did not understand many terms or how the insurance process works. He went into detail with great examples to explained everything to me, without any judgement. We played phone tag a bit, but I appreciate Alan reaching out several times to ensure I got everything taken care of today.
To whom is reading this review, Square One Insurance is a very good insurance provider. They helped me and my family. I have low income, I am on disability, and their premium rates are fantastic. Their website is so user-friendly. I have not ended up calling directly to customer service, because I have not needed to. Everything is online that you need. I would highly recommend this insurance provider to anyone who is looking for a good rate. Thank you, Square One, for being there for people like myself.
I spoke with Lily Yeung, this was my first time ever calling about tenant insurance and she made my experience amazing. She was super helpful and she even repeated herself a few times, so my boyfriend can input his opinion on what prices we should have. She even broke down some of the difficult things to explain them to me better so I would understand. She helped me out with advice on what I should get and was overall so helpful. She has such a nice approach and voice
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