When it comes to water damage, insurance is very important. Water damage can be caused by any number of things from hurricanes and floods to faulty equipment or even human error. Whatever the cause, the damage can be heartbreaking. If you are faced with a water damage cleanup job, what will your insurance policy covers?
The short answer is probably, depending on a number of factors. Water damage is typically covered by all types of insurance, but the extent of coverage will vary based on a number of factors. What kinds of water damage does insurance normally cover? Water damage coverage usually depends on the kind of water damage experienced.
Acts of God are the main focus of most policies. Acts of God are generally covered, as long as the event was a natural occurrence and no personal property was damaged in the process. Acts of God include such events as heavy rain, tornado, lightning, hailstorm and similar weather conditions. Other causes of damage may be from vandalism, theft, wild fire and similar events.
Floods are another factor that insurance considers when covering home owner’s insurance. Floods are generally considered to be “unusual” or “unexplained.” So, just because your basement was flooded for the third time in a row, you may still be covered under some insurance policies despite the fact that your basement isn’t normally prone to flooding.
Your policy will also explain what types of water damage does insurance covers. So, knowing what your home is covered for may help you negotiate a price with your insurer. For example, if your home has two detached sheds and one of them was destroyed by a windstorm, the homeowner’s insurance likely covers the loss of the shed.
But what about all those lovely wood floors? If your entire home has been flooded, what types of water damage does insurance pay for? Well, like everything else in these difficult economic times, the cost of damage restoration will likely come out of pocket. So it’s important to make a claim now to avoid paying thousands of dollars in further repair costs.
What if you don’t have flood insurance? Well, you can call around to different auto insurance companies and find out what types of water damage coverage they offer. Some car insurance companies will cover floods regardless of who caused it. Others, however, will only cover floods that are “induced.” So, it may be wise to check the policy description to make sure you’re not getting a product that isn’t really water damage coverage.
If nothing has been damaged yet, the next step is to get your insurance company involved. Make a claim for everything that has been damaged and start repairs as soon as possible. You can expect to be billed for the entire cost of the damage (including any replacement items) upon making a claim. So, finding out the total amount your insurance company will charge for a claim will be very important.
Finally, check your auto insurance cover to make sure it covers damages caused by leaks. If it does not, you may want to consider purchasing this type of coverage. Leaks that occur when cars are being transported can be covered under your comprehensive or collision auto insurance. Otherwise, you may want to contact your auto insurance agent to find out if there are other coverage options you can choose from.