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Economical Insurance's Water Coverages

Oct 8, 2021 3:16:35 PM

To provide eligible customers with comprehensive water damage protection, Economical Insurance is now offering sewer backup and overland water coverages as a combined package.

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What does this mean?

  • Sewer backup and overland water coverage are now combined in one package.
  • Coverage limits for both sewer backup and overland water will now be the same
  • Flood maps have been updated using sophisticated new data, which helps Economical more accurately assess potential future overland water events (flooding) in your area. Please check your policy, as your coverage limits for sewer backup and overland water may have changed.

These changes could affect your policy in one of the following ways:

  • If you currently have both sewer backup and overland water coverage and you remain eligible for both upon renewal:
    • Your coverage limits may have changed
    • Your limits will now be the same for both coverages
  •  If you currently have sewer backup coverage only and you are eligible for overland water coverage upon renewal:
    • Your sewer backup limit may have changed
    • Overland water coverage has now been added to your policy and will have the same limit as your sewer backup coverage
  • If you currently have sewer backup coverage and you are not eligible for overland water coverage upon renewal:
    • Economical will honour their commitment to you by maintaining your current sewer backup coverage on its own
    • Your sewer backup limit may have changed
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Eligibility and limits will vary by territory. We strongly encourage you to review your policy documents to ensure you understand your policy coverage limits. If you have any questions, or would like to discuss your coverages, contact your broker at 1-855-475-0959 today. 

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How to lower your premium and reduce your risk of water damage:

You may be eligible for discounts on your sewer backup and and overland water coverage if you have a sump pump, a sump pump with an additional backup battery, or a flapper-style backflow valve installed in your home. Visit Economical Insurance's Overland Water and Sewer Backup Coverage page for more information and tips to help you protect your home. 

Gina Schopfer

Written by Gina Schopfer

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