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The Polar Vortex is back! Ontario (and much of North America) has been in the grip of a deep freeze, but with a sudden warm front comes a big melt. The combination of deep snow, rapidly warming temperatures and rain creates perfect conditions for winter flooding.
In 2018, insurance damage from severe weather in Canada reached $1.9 billion, most of which was due to flooding. The sudden, unpredictable shift in weather can wreak havoc and cause costly damage to properties. As a commercial property owner, property manager or homeowner, the best strategy is to take preventive measures.
Canadian companies are more aware than ever of the dangers associated with climate change, and the risks associated with not making emergency preparations. Forward-thinking organizations are making plans to restore resources and operations when disaster occurs, and integrating the human element into the equation. Dave Demos, Chief Executive Officer, Bill Fender, Senior Vice President, Commercial Property Portfolios, and Bill Short II, Executive Vice President, Large Loss North America, spoke to Canadian Property Management about their observations and insights on what clients have done, and are doing, with their disaster planning.
In recent years, we’ve experienced severe ice and snowstorms, deep freezes, and very high winds. Harsh winter weather can cause immediate damage to buildings. The constant buffeting of wind, build-up of snow, and thaw-freeze cycles can also create issues if left unchecked.
As a commercial property owner, property manager or homeowner, the best strategy is to take preventive measures. Follow these five tips to help protect your building from winter storms.
In 2017, floods caused over $590 million in insured damage across Canada (excluding government and the uninsured) and that approximately one-in-five Canadian households are at a high risk of flooding.
Our Senior Project Manager, Large Loss North America, Jim Mandeville, spoke with Global News about ways to be prepared.
This winter has brought severe weather to many parts of Canada – major storms, heavy snowfalls, and plunging temperatures across most of the country. Harsh winter weather takes a toll on buildings. If the full extent of winter damage goes undetected until spring, the result can be additional issues and costly repairs.
Whether you’re a commercial property owner, property manager or homeowner, your best defence against winter storm damage is knowing the danger zones and how to protect and restore your property.