An insurance company has expanded its flood insurance policy to Ontario having launched in Alberta last summer.

It means that those with a homeowners’ policy with Co-Operators General Insurance will be able to add coverage for flooding caused by an overflow from a body of water, sewer/water backup, and accumulation of surface water caused by heavy rain.

It’s the first of its kind in the province and will be made available to homeowners in other parts of Canada by the end of 2017.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

More market watch: