Toronto is now offering property owners of single family, duplex and triplex homes a $ 3200 subsidy (Per property) if proper measures are installed to prevent flooding. Flood prevention systems are a combination of different components such as:
- Suction pumps,
- Back water vales
- Home’s storm sewers
- External weeping tile connection
For more details, check out the city’s website.
All these flood prevention devices and improvements can gain rebates from the city. As well, they may help save on home insurance premiums. Working together, the combination of flood prevention subsidies and home insurance relief, owners can not only find savings, but also have the flood prevention protection they’re looking for.
In order to be eligible homeowners need to carry out an assessment of their home with a Toronto licensed plumber to determine the possibility of isolating their property from the city sewer system. In addition only those properties that comply with the city Zoning Bylaw requirements for front yard paved areas are eligible for any subsidies under this program.
Once an assessment has been completed and the basic understanding of how to protect a property from city sewage has been established then the process of installation of devices needs to be initiated. A homeowner’s objective should be to ensure that under conditions when there is a high volume of sewage water in the city sewer system their basements or homes are not flooded with back flow of water.
Cash subsidies for flood prevention equipment
Remember that Ontario and Alberta are the only two provinces where overland flooding is not automatically covered under home insurance. Many homeowners presently dealing with the Calgary and GTA floods have discovered how their home insurance policies should have looked ahead.
Under this program, homeowners are given the opportunity to install a back water valve and/or a sump pump and receive cash-back for devices and the cost of labour (if certain conditions are fulfilled). Other devices that are eligible include:
- Backwater valves
- Sump Pumps, Backwater valves
- Sump Pumps
- pipe severance and capping
The monetary amount financial aid available on all the above mentioned equipment as individual items or as a whole is different.
How to apply for subsidy
It is important to consult a licensed plumber if you are planning to install a flood protection system. Once the plumber has given recommendations, it is important to follow those instructions down to the last minor detail and have a system installed that is completely in line with the recommendations.
In case you are planning to have a back water valve installed at your property you will have to obtain a permit from the city of Toronto building division apart from that any installation does not require any prior approval except for the inspection from the Toronto registered plumber. It’s also advisable to contact your home insurance broker before any renovation work is done on your property.
Once the flood protection work has been completed you have to obtain an itemized invoice that has been marked “paid in full” from the licensed plumber or contractor. In the next step you have to fill out the Basement Flooding Protection Subsidy Program application form and mail the completed application form with all the required documentation to the office of Basement Flooding Protection Subsidy Program.
The staff at the office will then review your application and determine your eligibility. In case they find that your application is incomplete and is missing key documents, it will then be returned back to you without processing. In the case your application is denied, you will be notified by mail or else your case will be processed in an average of 10 weeks at which time payment will be made.
As brokers, we suggest both taking advantage of city’s financial support, but also reviewing your home insurance policies to look at flood prevention / protection and coverage.