On August 22 there was another Boundary Flood Recovery Update meeting at GFSS in Grand Forks.
The audience grew to over 110 people. The number seated on stage had shrunk to 4 (previous meetings had as many as 8).
The organization this time was a timeline review of June and July followed by about 20 submitted questions and then the questioning was opened up to the floor.
You can watch and listen below
Part 1 – Timelines – June and July
Part 2 – Submitted Questions
Part 3 – Questions from the Floor
With the recent flooding disaster in Grand Forks many are getting what they think is the worst possible news: Their Insurance won’t cover them for flood.
It could get worse for them because they might not qualify for Disaster Financial Assistance either.
As explained in this CBC article it turns out that if you were offered Flood Insurance and you declined then you do not qualify for DFA. In the article the spokesperson for the industry says the cost amounts to about a cup of coffee a day. We will look into that but from the small canvas of business owners that actually have that insurance it’s clear that the deductibles are far more costly than a cup of coffee a day. They are all in the 5 figures ranging from $25,000 on up
This is from an insurance change in the ‘recent past’. At one point no overland Flood Insurance was offered in Canada so almost everyone was DFA qualified. But a few years ago the industry began offering it and that pushed people into a bind.
We will be looking into this further to determine the particulars of this. Specifically are Insurance Brokers obligated to tell you that if you turn down the Flood Insurance they offer and you do suffer a flood, such as we have, you will not get DFA and likely lose everything?
Did the Insurance Industry look upon this as a profit centre knowing that their insurance and deductible would be extremely expensive but pretty much mandatory for people like us in Grand Forks where a large part of the town is in a flood plain?
Stay tuned as we find out more.
If you would like to know about how this kind of problem has evolved south of is in the USA please watch the PBS Frontline documentary The Business of Disaster. It may be about the USA but it’s an eye opening education on floods, insurance and governments.