Does homeowners insurance cover water damage?
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Homeowners insurance can be a great way to protect your home from accidental water damage. Depending on the policy, most standard home insurance policies cover sudden and accidental water damage from a source inside the home, such as a burst pipe, when it occurs. However, flooding is generally not covered, and neither are problems resulting from a lack of maintenance or other causes.
When it comes to water damage, a homeowners insurance policy may provide coverage for certain types of damage. This includes burst pipes, accidental leaks, ice dams, damage from storms and more. It is important to note that the source of the damage is typically not covered, meaning your insurance likely won’t pay to repair or replace the broken appliance or pipe. In addition, water damage from outside flooding and seepage through foundations will usually not be covered.
For those looking to maximize their water damage claim, documentation is key. Taking pictures of the damage and holding onto all repair receipts can help ensure that your insurance company pays for the cost of your expenses. Additionally, you may want to consider adding optional water backup coverage to your policy.
Finally, there are several preventative measures you can take to protect your home from water damage. These include regular home maintenance, such as checking plumbing and appliances for leaks, as well as purchasing flood insurance in case of an outside flood.
Overall, homeowners insurance can be a great way to protect your home from water damage. Be sure to check with your insurance provider for a full list of what is and isn’t covered under your policy. If you need more protection from flooding be sure to look into purchasing flood insurance.