Home accidents and external factors like floods can cause water damage to your home. Insurance policies offer dwelling coverage for structural damage and personal property coverage for property damage. Also, you receive compensation if the damage was accidental or sudden.
Read on to discover four water damage types that homeowners' insurance covers.
1. Rain and Flood
Most home insurances usually cover water damage restoration from storms but not from floods. Also, standard policies don't cover water damage restoration costs from floods. However, you can buy extra flood insurance if you live in an area prone to floods.
Whether you get coverage also depends on whether the damage was accidental. For instance, you receive coverage if a storm breaks your windows and damages walls. But you don't receive compensation if the damage happened because you didn't close your windows before the storm.
2. Appliance Overflow
Most dwelling coverage covers water damage restoration from accidental appliance overflow. For instance, a cloth can entangle your washing machine's outflow horse and cause damage. In addition, your home insurance covers cracks or other structural damage in such a situation.
Nonetheless, your home insurance policy doesn't cover appliance overflow from neglect. So, for example, you should repair faulty appliances in good time. Otherwise, your insurers won't cover water damage restoration costs if you fail to do so.
3. Leaky or Burst Pipes
Your home insurance policy covers the cost of water damage restoration from a sudden pipe burst, for example, from a burst frozen pipe. Compensation also covers accidental burst pipes during normal home operations.
However, your policy doesn't pay for gradual water damage caused by neglect. For instance, your bathroom supply pipe may leak for a long time. Failure to repair the leak falls under poor maintenance, and insurance won't pay for water damage restoration services.
Home insurance usually covers the cost of mold remediation from acceptable water perils. Such perils include mold from frozen pipes, snow and ice, and accidental HVAC overflow. You could also buy extra mold coverage for your insurance policy.
Your insurance doesn't cover mold growth from neglect and lack of maintenance. For instance, you won't receive water damage restoration if you leave a leaky pipe unrepaired. Also, seek water damage restoration services soonest to improve your chances of a successful claim.
Many homeowners assume that home insurance policies cover water damage restoration. But every coverage is unique, so you must find out the details of your coverage to manage expectations. Besides, your insurance expects you to avoid water damage from poor maintenance.
Lastly, whether your insurer covers your water damage restoration costs or not, work with a local water damage contractor whenever you face water damage for a successful outcome.