Many Fort McMurray homeowners either don't have insurance or won't have enough insurance to cover spring flood cleanup costs.

By 2050, the annual cost could exceed US$14 billion and affect 431,000 people, the Aqueduct Floods project of the Washington-based global think tank World Resources Institute found.

Some insurers and banks are already scanning addresses for flood risk. Will it be the same for homes at risk from wildfires?

The economic recovery team assembled in the wake of the flood recommended greater provincial oversight of flood insurance practices, to ensure fair and equitable compensation.

Kelowna resident incurs out-of-pocket expenses to save home from creek flooding.

Repeated flooding brings the risk of mortgage defaults.

A flooded basement could cost you tens of thousands of dollars, even if you think you’re covered by flood insurance.

Heavy snow accumulation in many parts of the country means a heightened risk of flooding if the weather turns to spring too quickly.

“This is a sorry attempt to push a false agenda at a time when the administration is focused on assisting millions on the East Coast facing a catastrophic disaster," DHS spokesman Tyler Houlton said.

For Canadians who own property in popular American vacation spots, securing flood and hurricane insurance is key, experts say.