Water Damage and Insurance Claims

A Brief Guide To Water Damage And Homeowners Insurance:

While buying a new home can be exciting you need to understand all the unexpected damages that could occur.  Water damage is one of these issues and one of the main reasons why you should purchase homeowners insurance.  While you might think that you have prepared for the worst, there are many types of water damage that insurance does not cover.  However, there are still some forms of water damage that insurance does cover. 

Water Damage

If your pipes break or freeze due to low temperatures, this can result in water damage to your home.  If you have a pool and it overflows or leaks water you may be covered by your insurance.  Most insurance policies will cover the water damage to the inside of the house including the basement, but you need to fully understand the policy before you claim.  Water damage to the garden may be covered depending on the policy you have. 

The Causes

You are most likely to be covered by your insurance if you washing machine breaks and floods your basement or other areas of your home.  The insurance will generally pay for damages caused by overflowing bathtubs as well.  However, if there is heavy rain and your roof leaks then the insurance will cover the water damage.  The costs of repairing the roof will generally not be covered by basic policies.  

Flood Claims

Every insurance policy and company will have different terms.  The definition of floods will also vary from one company to another and you need to be aware of this.  If you are going to claim you need to do this quickly and with high levels of accuracy.  To cover flood damage you may need to pay more for the policy to include this.  It is important that you check your policy and know what you are covered for. 

It is essential that you take the time to see what water damage insurance you have.  Knowing this will help you should you even need to claim for water damage.

Water Damage Queens NY