Many people feel safe and protected when they set up their homeowners insurance policy. However, it is common knowledge that there are some issues that are either not covered by those policies or that are very hard to get compensation for. Water damage falls under that category. Homeowners insurance will cover water damage restoration services, but the kind of coverage they offer varies.
If the water damage occurs without warning, you should be okay. However, depending on your policy, that may or may not be the case. Always read over the information that the insurance company sends you, so you know what to expect if a problem occurs in your home.
Flooding is often not covered by insurance policies. You may think that a flood fits the criteria of “sudden” damage, but insurance companies beg to differ. If your area is prone to flooding, it is a good idea to research a separate flood policy so that you are covered no matter what.
If you read through your policy and you are not sure about all the terminology, put in a call to your insurance agent. He or she can talk through what is covered with you. This often helps you to understand your policy a little better so that there are no surprises in the future. Be sure to ask any questions that you have.
In addition to flooding, a leaking pipe is often not covered by a homeowners policy. Insurance companies generally feel that a leaky pipe results from a home not being maintained properly. Therefore, you would be hard-pressed to get compensation if such a situation occurs and causes damage. Instead, you will have to pay for everything yourself, unless your homeowners covers these types of problems.
No one wants to have to deal with water damage. Understand your policy in advance, so you will be prepared if something happens to your home. If you are in need of a great water damage restoration company that works with your insurance company, check out Action 1 Restoration’s Locations to find a nearby team to help you.