Is Water Damage covered by my Homeowners Insurance?

No one wants to wake up to a flood in their home, especially when there is a lot of damage that needs to be repaired as a result. One of the first things that pops into the heads of many is whether their homeowner’s insurance policy will cover it or not. That all depends on a number of factors. For most situations, your policy will coverage water damage from something inside of your home. After all, no one can predict when a pipe is going to bust or when your water heater I going to break.

On the other hand, water damage caused by a source outside of your home is a different story entirely. That’s where special types of insurance policies come into play, such as flood insurance. Your insurance agent will often let you know if you are in a high flood area and need to add on this type of coverage to protect your home.

Some examples of where your homeowner’s insurance policy won’t cover the damage include:

  1. Maintenance issue that were ignored. If you knew your sink was leaking or the water heater needed to be replaced and you ignored it, they can term that as neglect and deny the claim. That’s why it is so important that you tend to any issues that arise quickly to help protect your investment and save thousands in water damage repairs.
  2. Replacement for the source of the damage. While your policy will probably cover damage to the floor from the water, it isn’t going to cover your buying a new washing machine to replace the one that caused the problem in the first place.
  3. Flood damage. Unless you have a separate policy that covers flood damage, you could find yourself footing the bill from damage that occurred due to a flood in your home.

The best thing you can do is to be proactive and talk with your insurance agent about what type of policy is right for you. It will save you a lot of time, hassle, money, and stress in the end. If you find yourself in need of someone to assess the damage and restore your home, give our team of experts a call.

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