Water damage is one of the biggest risks that Canadian homeowners are facing today. Each year there is approximately over one billion dollars worth of water damage insurance claims. What homeowners do not realize is that they are more likely to experience a water damage related incident in their home, compared to a fire or theft. What many homeowners may not know is that their insurance may not fully cover the cost of necessary repairs that are need when there is water damage in the home. It is better to be safe rather than sorry when it comes to home protection in regards to water damage.