Are You Covered?

4/20/2022 (Permalink)

Water damage can unexpectedly become a problem for anyone at any time. Usually for a variety of reasons, but not an easy fix without the right insurance and help. Water damages usually cannot be solved in the same way, so it is important to know what is covered under homeowners’ insurance.

Two Policies?

Most homeowners’ policies will cover most water damages, but does not include damages made from outside factors, like floods. Most flood-prone areas will not be covered under homeowners’ insurance and will have a separate policy for flood damages specifically. Usually, insurance policies will cover water damage brought on by emergencies such as a burst pipe or a broken HVAC but will not cover things like overflowing gutters that were neglected and not cleaned that directed water into your home. Be sure to check you are covered for floods before the heavy rains, with either your homeowners’ policy or get separate coverage for flood damages before the problems occur. A yearly check-in with your insurance to review policy limits and coverage is recommended as it ensures that you know the full extent of your coverage in case of an emergency.

Call as Soon as Possible

Calling your insurance company as soon as the incident occurs is very important. The longer you let the water damage sit creates a greater percentage of ending up with more problems, like mold. It is crucial that you are prompt in contacting and filing an insurance claim to ensure that you receive the financial support you need.