Homeowners Insurance For Water Damage

  • Property owners are unlikely to receive a payout if they file a water damage claim without collecting any documentation in the aftermath of a flood. At the same time, even if they can prove that they incurred expenses surrounding the cleanup and repair of their damaged property, the amount they receive will likely be dependent on their policy deductible. The biggest factor in how your claim will be handled is the cause. If it’s from a sudden event, such as a broken pipe, the damage will likely be covered by your policy. However, if there was any sign of water damage and your insurance company discovers this while investigating your claim, they may deny coverage – even if they are paying to fix it. This can happen regardless of whether the damage occurred because of faulty plumbing, bad weather or anything else you might think was covered. That’s why it’s so important to report all water damage right away.

    Water damage can be costly but can be easily prevented. Of course, there are a number of steps that you can take to reduce your risk of suffering water damage in your home. Keep your gutters clean and clear and make sure your roof has no leaks. As I mentioned above, it's also important that you check the main water shutoff valve regularly to ensure that it's in good working order. Doing so will allow you to avoid filing a claim with your insurance company and save yourself time and money. At the end of the day, these precautions will ensure that you're as prepared for future floods or burst pipes as possible, leaving you relaxed and confident about the security of your home. For more detail, please refer to the info-graphic below.