While homeowners insurance is designed to protect you, there are certain problems that are notoriously hard to get covered. one of those problems is water damage. While insurance policies do cover water damage, they’re very particular about the type of coverage they do provide.
In most cases, you can get the coverage you need as long as the water damage is “sudden.” However, different insurance companies have different rules when it comes to this type of damage. It’s a good idea to read over your policy so that you can ensure you have the kind of coverage that you need.
For example, many insurance policies don’t cover damages caused by a flood. While a flood can be argued to fit under the “sudden water damage” descriptor, insurance companies don’t see it that way. If you’re worried about flooding, you may want to acquire a separate flood insurance policy.
Flood Insurance Information:
Leaky pipes can also be hard to get covered. While the leak may occur suddenly, insurance companies see this as a home maintenance issue. Very few companies would cover this kind of damage, which means homeowners will be stuck covering the cost of repairs on their own.
It’s a good idea to talk with your insurance agent so that you can determine exactly what kind of coverage you have. You don’t want to be suddenly surprised by unexpected costs. It’s good to know if there are gaps in your coverage so that you can fill them before problems occur.
Water damage can be a big headache for homeowners, especially when it comes to insurance policies. Take the time to find out what is and isn’t covered so that you’ll be fully prepared if the worst occurs. The more you know about your insurance policy, the more you can do to protect yourself. Read more about insurance, water and flood damage at http://www.action1restoration.net/insurance/