https://nationalpost.com/pmn/news-pmn/canada-news-pmn/homeowners-falling-behind-growing-threat-of-climate-related-catastrophe-study
Homeowners falling behind growing threat of climate-related
catastrophes: study
The Canadian Press
Bob Weber
January 17, 2019
2:26 PM EST
Canadians aren’t keeping up with the need to protect their homes against
catastrophic events made more common by climate change, says a
coast-to-coast study from the University of Waterloo.
“Homeowners can do a lot themselves to reduce risk of flooding,” said
Natalia Moudrak, study co-author and researcher at the university’s
climate adaptation centre.
Climatologists have long warned that extreme weather, including floods,
will become more common as temperatures warm.
The Insurance Bureau of Canada reports that insurance payouts from
extreme weather have more than doubled every five to 10 years since the
1980s.
The Waterloo study reports that property and casualty payouts averaged
about $405 million a year from 1983 to 2008. Since then, payouts have
more than quadrupled to $1.8 billion, mostly from flooding.
That’s not inflated by rising real estate values.
“All of this data is corrected for inflation and it’s corrected for
wealth creation,” said co-author David Feltmate Thursday. “This is an
actual increase in the amount of money being paid out.”
At the same time, the study found a large number of Canadians are
vulnerable to flooding. It concluded about 1.7 million households
representing about 20 per cent of Canada’s population are at risk.
Repairs can be expensive. The average cost to homeowners for flood
damage in the Greater Toronto Area is estimated at $43,000.
And for some, insurance is out of reach.
“Increasingly,” said Feltmate, “people cannot get insurance for their
homes because they have experienced one or more floods or they live in
an area that’s designated high-risk and the premiums that the insurers
would have to charge are off the charts.”
At the same time, householders aren’t doing everything they can to
protect themselves and their homes — even when subsidies are available
for measures such as sump pumps.
“The uptake for these subsidies is quite low,” said Moudrak. “On average
across Canada, the uptake on these subsidies is below 10 per cent, even
in the really bad flood-prone areas.”
That’s partly because many of the programs are confusing and difficult
to apply for, said Feltmate, although he added municipalities are fixing
those problems.
The report points out easy and inexpensive ways to make homes more
floodproof.
Installing a sump pump with backup power is one of the best moves, it
says. Backwater valves can prevent nasty backflows from overloaded sewer
systems from surging into basements.
The report recommends walking around a house during a rain to see how
and where water is draining, then regrading areas where moisture pools
near foundations. And leaves should be prevented from plugging street
drains.
“Homeowners need to take a more active role in protecting themselves,”
Moudrak said.
The report also looks at municipalities. Feltmate said communities are
taking steps to adapt to new weather coming with a shifting climate, but
the rate of change is outpacing efforts.
“We have an adaptation deficit growing in Canada right now,” he said.
Money laid out ahead of time pays off, said Feltmate. The study suggests
every dollar spent on preparing for a flood or other weather catastrophe
saves between $3 and $12 in cleanup costs.
“It’s a lot cheaper not to have the problem,” he said.