When is Water Damage Covered by Homeowner's Insurance?

Buying a new home is an exciting experience. However, there are many unexpected damages that can occur in your house, including water damage. Water damage is one of the main reasons homeowners purchase insurance. Homeowners may think they are prepared for the worst, but there are many situations where insurance does not cover damage caused by water. Despite this fact, there are some common forms of home water damage that are part of most policies.

Water Damage

When pipes freeze and/or break due to very low temperatures, the result is water damage. Backyard pool overflow or water leaks are often covered by insurance policies as well. Most insurance companies cover all water damage inside the house, including the basement. However, it's important to fully understand your policy, as lawn damage may or may not be covered.

Causes

If your washing machine overflows and floods the basement, or other parts of your home then you are most likely covered. If your bathtub overflows, your insurance pays for all water damages. In the case of heavy rain, your roof may leak or need repairs. The damage caused by water inside the home is definitely covered, but roof repairs may not be.

Flood Claim

Each insurance company has different policies, terms, and conditions. The definition of "flood" varies from one company to another. The key is to report any damages immediately, and as accurately as possible. You may need to pay a little more to receive a plan that better suits your needs. Reviewing yours carefully, in order to become familiar with your coverage, can save a lot of money and frustration.