Types of water damage covered by homeowner insurance
The trauma which is associated with waking up to finding your house flooded due to a faulty water heater, busted pipe or rain, the flood is not only unpleasant but stressing too especially after you realize the extent of damage caused by the flood. The first thing that lingers in your mind is whether your homeowner’s insurance will cover the costs of such damage. In the following article, we will focus on water damages that are covered by homeowner insurance and also those that are not covered.
In a nutshell, most standard homeowner insurance policies only cover water damages that occur as a result of sudden or accidental water damage from a source that is located inside your home, for instance from a faulty heater or busted pipe. On the other hand, if the water that caused the damage comes from outside your house such as from floods, most of the standard policy will not be covered for the damages.
In case your house is located in an area which is prone to flooding, you should seek special protection from flood-related damages from flood insurance. This is a separate policy that can offer additional protection to your existing home coverage.
Types of water damage which are not covered by homeowners insurance
As indicated above homeowners insurance will only offer cover to damages caused by water depending on the source of the water that led to those damages. In the following three instances the homeowner’s policy will not provide a cover:
- In case of water damage caused by maintenance problems that have not been attended to by the owner of the home, homeowner insurance will not cover you. For instance, water damages that result from a faulty sink that has been leaking in the past months without being repaired.
- Homeowner insurance will also not cover the cost of repairing or replacement of the actual source of the water damage. For instance, if your washing machine led to water damage to the floor of your laundry room, your homeowner’s insurance will not cover the costs of repairing or replacing the washing machine. However, homeowners insurance will cover the costs of repairing your laundry room floors.
- The third instance is issues resulting from a flood. Flood damage will not be covered by your homeowner’s insurance policy and therefore, you will require separate flood insurance coverage.
Water damage vs. Flood damage
It is worth noting the difference between water damage and flood damage to clarify between the two. The major difference is that flood water comes from natural sources. Therefore, if you live in an area that is near a large body of water, which could potentially overflow, or if your neighborhood experiences heavy rain, you should consider purchasing flood insurance.
What is a flood?
According to National Flood Insurance Program, it has established a legal definition for a flood as follows: A flood is a general and temporary condition that leads to natural flooding from rainwater for two or more acres of land which is normally dry.