The Facts About Water Damage and Insurance Coverage

6/28/2021 (Permalink)

Water damage in Nolensville, TN.

You may not think much about your homeowner’s insurance coverage on a daily basis, but you’re sure grateful for it when you need it most. The right coverage can save you thousands of dollars and a whole lot of hassles. Some people aren’t sure whether their policy covers a basement flood. If you’re wondering the same thing about your Nolensville, TN, home, it’s important to understand the limited benefits of your insurance plan.

What Your Insurance Won’t Cover

It’s first critical to know what a typical homeowner’s insurance coverage won’t take care of. There are a handful of issues you should be aware of if water gets into your house.

• You have water damage because of poorly maintained plumbing or appliances.

• You’ve got a flooded basement because of outside water or sewage line.

• Homeowner’s insurance won’t cover typical flooding, such as a basement flood, regardless of the cause, including storms, overflowing water or draining issues.

Coverage for Your Dwelling

While your insurance won’t take care of a flood, it should help you out if your home has sustained water damage because of a faulty appliance. For example, if your refrigerator leaks water onto your floor or if your washer hose breaks and spills water everywhere, your coverage should take effect. Your insurance will help pay for the repairs of this damage.

Personal Property

Similarly, if problems with appliances or pipes damage personal items such as computers or other electronics, your insurance should cover the costs. In these cases, it’s important to speak to your agent, who will help you determine the extent of your coverage.

Take Note of Damage

Before you call a restoration professional to clean up any damage, take photos and make a list of damaged items so you can provide these to your insurance agent.

While traditional homeowner’s insurance won’t cover a basement flood, it will help you out in other similar situations. Become familiar with your insurance today.