u/analyst20

So the past weekend with the crazy storm in the GTA, we had a ceiling leak on the first and second floors (we live in a three-storey freehold townhouse).

After looking around, the first floor leak seems to have originated from caulking that seems to have torn below the second floor window. The second floor leak likely came from the balcony roof just above it.

The townhouse is just around five years old, and looks like a few other units suffered a leak. The builder representative is actually coming today to check things out, and hopefully they repair the roof for free.

Now the expensive part so far has been the water repair damage company. They came to rip some ceiling and wall out to dry things. This invoice came to $2500, which I thought was very high for that amount of work. They quoted me roughly $5k for the restoration process, but that it is a rough estimate and depends when we proceed with the restoration (we want to wait for a few more rain storms).

I also want to bring a caulking person in and have them repair the torn caulk plus look around for any other damage and fill those in.

I called TD insurance and an advisor is supposed to call back today to discuss. I don’t have first claim forgiveness unfortunately, was not aware it existed.

In summary, knowing that the total cost of repairs will be roughly $8k (to let’s say up to $10k), and a deductible of $2500 for water damage related claims, do you think it’s worth pursuing insurance? Or should I save going to insurance for catastrophic events and pay this out of pocket?

I understand that by even calling TD, they may use this on my file for the renewal even if I don’t proceed with the claim. But if that happens, I suppose I can always just go with a new provider, since I wouldn’t have any claims still on paper.

Sorry for the long post. If it helps, yes we can afford the $8-10k but it’s obviously still a lot out of pocket. But if this is considered a minuscule amount for insurance related claims, happy to just pay it out.

Thanks in advance!

So the past weekend with the crazy storm in the GTA, we had a ceiling leak on the first and second floors (we live in a three-storey freehold townhouse).

After looking around, the first floor leak seems to have originated from caulking that seems to have torn above the first floor window. The second floor leak likely came from the balcony roof just above it.

The townhouse is just around five years old, and looks like a few other units suffered a leak. The builder representative is actually coming today to check things out, and hopefully they repair the roof for free.

Now the expensive part so far has been the water repair damage company. They came to rip some ceiling and wall out to dry things. This invoice came to $2500, which I thought was very high for that amount of work. They quoted me roughly $5k for the restoration process, but that it is a rough estimate and depends when we proceed with the restoration (we want to wait for a few more rain storms).

I also want to bring a caulking person in and have them repair the torn caulk plus look around for any other damage and fill those in.

I called TD insurance and an advisor is supposed to call back today to discuss. I don’t have first claim forgiveness unfortunately, was not aware it existed.

In summary, knowing that the total cost of repairs will be roughly $8k (to let’s say up to $10k), and a deductible of $2500 for water damage related claims, do you think it’s worth pursuing insurance? Or should I save going to insurance for catastrophic events and pay this out of pocket?

I understand that by even calling TD, they may use this on my file for the renewal even if I don’t proceed with the claim. But if that happens, I suppose I can always just go with a new provider, since I wouldn’t have any claims still on paper.

Sorry for the long post. If it helps, yes we can afford the $8-10k but it’s obviously still a lot out of pocket. But if this is considered a minuscule amount for insurance related claims, happy to just pay it out.

Thanks in advance!

Hi all, we live in a 3-storey freehold townhouse and since the morning, there’s been a leak in our ceiling on the first floor near the window. The ceiling and the surrounding wall is soaked.

Starting in the afternoon, our second floor ceiling also started to leak. There’s a small balcony on the second floor, and I suspect the roof above that (which is right in front of one of the bedrooms on our third floor) is causing the leak. Not sure if this is also causing the leak on the first floor, or if that’s a separate issue.

Is this something we should go through home insurance? We are with TD and have the water damage protection. I wasn’t sure whether home insurance covers this kind of scenario if it’s considered as a maintenance issue. I also read that they may increase rates after calling, even if they’re not going to be covering the repair/damage.

For now, we called a roofing company. They likely won’t come until Monday until all the rain has stopped. I also called a water damage repair company, who told me that after the roof is repaired, they can come by and assess and tell me whether we should go through insurance or not.

New to ever dealing with home insurance so any insight would help! Thanks all.