Water damage is one of the most common restoration services that the restoration industry sees, thus water damage is one the most common reason to file a homeowners insurance claim. Most homeowner’s policies will cover the restoration costs is the water damage is sudden or accidental, however, if the damages were gradual or neglected many insurance policies will deny the claim.
There are two different types of coverage that are within the insurance policies that can be applied based on the type of water damage and the situation.
Dwelling coverage is used to pay for any damages that may have occurred to the structure of the property. For example, is a pipe unexpectedly burst this type of coverage will cover a portion or all of the repair costs, depending on the policy.
Personal Property Coverage
Personal property coverage is used to pay for the damages that have occurred to personal belongings. For example, if a burst pipe damages a computer, the repair costs may be covered under the personal property coverage, depending on the policy.
Most standard homeowner’s insurance policies will cover water damage that is sudden and inside the home, the water could not be from the exterior of the property. These sudden damages could be a result of sudden tearing, cracks, burns, heating or air conditioning unit malfunctions, or from an automatic fire protection sprinkler system.
Water Damage Situations Coved By Homeowners Insurance
Water Damage Situations Not Covered By Homeowner’s Insurance
Gradual water damage occurs when the water, over an extended period of time, caused damages to the property. Many water damage related claims are denied due to gradual damage. The following are examples of gradual water damage that will not be covered by most homeowner’s insurance policies.
If your home has received any repairs or maintenance, it’s important to keep records of all repairs performed, and the companies hired to complete the job. If your home experiences water loss, these records are key.
Know Your Policy
Know and understand your homeowner’s insurance policy. This includes knowing exactly what is covered by your policy and exactly what is excluded.
Regular home maintenance is important to avoid sudden damages, and performing small repairs will help avoid large losses later.