TD Bank Group Newsroom
Rain rain go away: The majority of water damage claims are made during the summer months
TD Insurance customized coverage helps ease homeowners' water damage woes TORONTO, July 9 /CNW/ - Warmer summer weather often means rain and thunderstorms, and unfortunately for many Canadians the extra rainfall can also lead to water damage to their homes. Most of the water damage claims that TD Insurance Home and Auto receives are made during the summer months, which means that now is a good time for homeowners to review their home insurance policies to identify any gaps in their water damage coverage. "When homeowners think of risks to their homes, water doesn't seem like a threat but it is a common form of damage to homes during the summer," says Henry Blumenthal, Vice President and Chief Underwriter, TD Insurance. "Whether it's moisture seeping through the foundation or rain leaking through the roof, water is like an uninvited houseguest that won't leave." Even if homeowners take precautions to protect their property, unexpected leaks and excess moisture can take their toll. Left unattended, water damage can cause serious structural problems and create toxic molds that can lead to health problems down the road. Standard home insurance offers protection for water damage that occurs within your house and for additional protection from the elements outside, TD Insurance Home and Auto now offers customized water damage coverage. This add-on to home insurance offers extra protection to cover the cost of the water damage in the event that the following happens: - An ice storm damages your roof and water seeps into your walls; - A water pipe bursts and floods your basement; - There is a sudden leakage of rain, snow or water through your roof, walls, doors or windows; - Water backs up or overflows through eaves, downspouts, rainwater gutters or roof drains; - Surface or ground water seeps through your basement walls; or - Your sewer connection backs up or overflows. Homeowners can get a better idea of how their home is at risk from water damage by visiting www.td.com/waterdamage. There's even an animated house tour that shows how water can affect a home's structure. "It only takes a pinhole in a pipe, and suddenly you find yourself with major water damage to your home," adds Blumenthal. "Customized water damage insurance coverage will help protect your home and your wallet from a common and often underestimated cause of insurance claims." For more information on home insurance and customized water damage coverage, visit www.tdinsurance.com or call 1.866.753.6953. About TD Insurance TD Insurance is a part of TD Bank Financial Group. The wide range of TD Insurance products help protect clients from the 'accidents of life' including credit protection, life, health, travel, home and auto insurance. With more than three million clients, select TD Insurance products and services are available through a network of more than 1,100 TD Canada Trust branches, the Internet and telephone. TD Insurance, through its TD Insurance Credit Protection and TD Insurance Life and Health brands, is the number one brand of critical illness insurance and direct life and health premium origination in Canada. And through its TD Insurance Meloche Monnex and TD Insurance Home and Auto brands, is the largest direct-response insurance group in the country. For more information, visit www.tdinsurance.com.
For further information: Meghan Thomas, TD Bank Financial Group, (416) 944-4151, email@example.com; Jason Graham, Argyle Communications, (416) 968-7311 x 229, firstname.lastname@example.org
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