Water Damage Covered by Homeowners Insurance
Is Water Damage Covered by Homeowners Insurance? Well, there are few main factors that affect the answer. The first one is the source of the water damage (example: exterior or interior). Then, there is the type of the water damage (example: storm or burst pipe). The third is the specific type of the coverage. And the forth is the type of home (example: house or condo).
It is normal to feel anxious and upset when your home floods unexpectedly. In order to sort out the mess, you first need to know what flood damage your insurance policy covers. For example, if the cause of the water damage is sudden and/or accidental, then most homeowners insurance policies will cover the damage. So, when a pipe bursts suddenly, your insurance will likely cover the resulting damages. But, homeowners insurance typically does not cover damage that occurs over time.
Water Damage Covered by Homeowners Insurance: How Does It Work?
Usually, homeowners insurance policies provide two types of coverage. The first coverage is for the dwelling, which is the home’s structure. So, if a water pipe suddenly bursts, the insurance company may pay for these type of repairs. Another type of coverage is for the personal property, which is the repair or replacement of your personal possessions. But, there may be limitations on these two coverages, so make sure to check the your policy. In order to adjust your policy’s coverage or to get answers to any of your questions, contact your insurance agent.
Note that you probably have a deductible before your coverage begins.
Water Damage That Is Not Covered by Homeowners Insurance
The homeowners insurance covers water damage depending on the source of the water. For example, it may cover dishwasher water damages to hardwood floors. But, if you neglect to do maintenance, your homeowners insurance may not cover damages due to a leaking pipe. Furthermore, it may not cover damages from flood or storm surge, because this type of damage requires different insurance coverage.
Prevention of Water Damage
Even if your policy covers water damage, prevention measures are always less stressful and time-consuming. To begin with, inspect the pipes and the hoses that supply water to and from your washing machine, dishwasher, water heater, refrigerator, etc. In addition, drain the water heater at least once a year, and that is, to prevent sediment buildup which may crack the tank. Also, use water leak sensors in areas near appliances that use water. Lastly, check the exterior water supply pipes for leaks.