As Nova Scotia continues to clean up after last month’s destructive flooding, the federal government and the Insurance Bureau of Canada are working on a way to make insurance coverage for that kind of damage possible.
Currently, standard insurance policies generally do not cover storm surge and overland flooding because it is considered too high risk.
Craig Stewart, the vice-president of climate change and federal issues with the Insurance Bureau of Canada, said the goal is to have a national flood insurance program available by April 1, 2025.
“You will continue to buy home insurance the way you do through your existing insurer, but you will have access
