What Will or Won't Your Insurance Cover After Water Damage?
You purchase homeowner's insurance as an investment. You hope to never make a claim, but it's nice to know that if significant damage does occur, you've can rely on your insurance provider to pay for repair and restoration costs. If you have a flood at home, it's important to know what your policy will cover.
What the Insurance Will Cover
Homeowners' insurance coverage can protect you from paying out of your own pocket when disaster strikes. For water damage, this policy should take effect in the following cases:
- An appliance such as a washer, dishwasher or water heater suddenly breaks, expelling water over your floors and walls
- A broken pipe unexpectedly bursts, causing severe flooding
- If severe weather results in water damage to your home
- If an act of vandalism leads to flooding
What the Insurance Won't Take Care Of
There are some instances where your flood claim will be denied. Homeowner's policies in Thorncreek,CO, don't cover water damage due to a backed-up sewer or mainline water break. You also should not expect coverage from your policy if you ignore routine maintenance of appliances and plumbing systems. For example, if you know you should fix broken pipe but put it off, your provider won't pay for any damage that results. Intentionally causing a flood will also disqualify you from any financial help from the insurance company.
If your homeowner's insurance denies your claim, you don't have to give up hope. You can turn to supplemental flood insurance. These policies will pick up repair costs for sewage issues and main water lines damage or breaks. If you live in an area prone to floods, you should consider purchasing one of these plans. It is also wise to get familiar with a professional flood cleanup team. The insurance company and flood remediation crew will work closely during the claims process.
You should review your insurance policies to verify what your plan covers. If you don't have flood insurance, think about your needs and purchase a policy today.