Most homeowners insurance policies help cover Water Damage if the cause is sudden According to the Insurance Information Institute,. This is likely to be the first thing you think about if you're wondering what type of water damage homeowners insurance covers. Does homeowners insurance cover water damage from rain? If it's storm damage, generally yes. But does homeowners insurance cover floods? Most of the time, no.
In most cases, home and personal property coverage will pay for water damage that results from extinguishing a fire. If a grease fire destroys your kitchen and water used by firefighters rushes into your living room, destroying floors, furniture, and plasterboard, your policy must cover the damage. Coverage for water damage depends on the situation and the source. If the damage is sudden, accidental, and comes from inside your home, you're usually protected with a standard homeowners insurance policy.
However, if the water damage is due to outdoor flooding or careless repair, you won't have coverage. Mold damage that results from a damp and damp room is generally excluded, as well as mold damage that results from an excluded hazard. Some home warranties may require additional coverage purchases to cover major systems that cause water damage, such as water heaters or plumbing fixtures. However, there are other specific hazards related to sudden and accidental water damage that homeowners insurance could cover.
Fortunately, your homeowners insurance covers damage caused by a wide range of calamities, and that can include water damage, at least in some cases. So, if those heavy rains cause water to build up in your home, your standard policy won't cover the damage. For example, if the pipe freezes and bursts, insurance will likely cover the pipe and water damage (minus the deductible). Homeowners insurance covers water damage from pipes or roof leaks if it's sudden or accidental.
Approximately one in 60 insured households has a claim related to water damage and freezing each year, according to the Insurance Information Institute. Frozen pipes can burst in winter, washer hoses can leak, and sprinkler systems can malfunction, which can cause extensive water damage to your home. But standard homeowners insurance doesn't cover flooding caused by heavy rain or gradual water damage that occurs over time. It's essential that you know exactly what type of water damage your homeowner, condo, or renter's insurance policy covers.
If the source of the damage comes from inside your home, such as a water leak from a broken pipe or an overflowing appliance, you're likely covered by your homeowners insurance.