Toronto Flooded Basement Rebuilding and Renovating

Flooded Basement

So it has been less than 48 hours since Toronto was hit with 126 mm of rain within a 3 hour period.  By now, those homeowners who have been dealing with water damaged basements have all been in contact with the home insurance company.   I am sure the recovery crews have been in and that their basements look like what mine did last July.

 Next Steps To Recovery

I am certainly pulling from my own basement flooding experience last year so here are a couple of things to keep in mine:

  • Once your basement has been dried out and disinfected then go down and take inventory
  • Pictures are great as they will be your documentation of not only damage but your loss of possessions
  • An adjuster will be by to take an inventory of the damages,but  don’t be rushed to sign off until you determine your full losses with replacement costs
  • Your insurer will only rebuild your basement as it was prior to the flooding

The company which oversaw your remediation will also have a preferred contractor who will do the work on behalf of the insurer.  If you decided to go this route all invoices will be done directly between the contractor and your insurer.

Now you also have a second option, which is you can hire your own contractor to do the work.  To do this you need to get a quote from two or three contractor who you know.  TIP:  The bottom feeder contractors will be out in force knocking on doors offering their assistance…give them the boot.  They will only take your cash and cause you a hell of a lot of grief and you don’t need more of that right now.

Hiring Your Own Contractor

In hiring your own contractor you will find that they will be able to do the work for most likely 20% to 25% less than the price quoted by your insurer’s contractor.  Inform your insure  you will be hiring a contractor and what they will do is immediately issue you a cheque…but not for the price quoted by their contractor.  Expect to get a cheque for 20% or 25% as insurers know that we shop around for a better price as well a homeowner may also be capable of doing some of the work themselves.    Whatever way you do it, the work has to be completed and so don’t expect to pocket any cash.

If you find that your rebuilding cost exceed the cash out value, you will be required to forward all receipts to your insurer who will determine if the expense relates to the original basement’s condition.   Don’t think that maybe it’s time to replace the bathroom fixtures or update the ceiling’s lighting as if it was not part of the assessed damage it will be declined.

In my flooding situation I hired my own contractor, who I knew, and at the end of day I got my basement back the way it was originally.    Your insurer will request photos be taken once all the work has been completed so they have a record the work has been done.

My next post will be how to deal with losses, personal possessions, with your insurer.