Will Your Water Damage Insurance Claim Be Approved?

If you’re like most insured homeowners, you may believe you don’t have to worry about water damage coverage. In reality, however, water damage can occur in many different forms that might not all be covered under the terms of your existing policy. The actions you take following an incident also impact your coverage eligibility.

While you may not be expecting a big flood in the near future, it’s best not to wait until after the fact to discover what your coverage means. Here are some proactive tips for getting the most out of your water damage insurance.

Understanding How Insurance Works

Water damage insurance usually doesn’t apply to floods from nearby bodies of water or storms; you may need to purchase additional flood insurance for these contingencies. It’s important to examine your policy in detail to find out what it actually covers, and make amendments as necessary.

According to one insurance claim adjuster, most home insurance clauses aren’t designed to save their policyholders from continued or ongoing damage. While it’ll probably cover the initial accident that caused the problem, your policy is unlikely to pay for subsequent moisture-related degradation that occurred over months or years.

In short, insurance companies want to minimize their losses. It costs them less to reimburse you for repairs to a burst pipe than it would to cover the expense of replacing an entire water-damaged bathroom wall after you let the same pipe leak for a few weeks.

Of course, you most likely wouldn’t let a broken waterline go unattended for very long if you knew about it, but you won’t always have the benefit of such knowledge. Unseen fascia damage or hidden foundation cracks, for instance, might be causing additional problems that your insurance won’t pay for even if it covers the cost of repairs to the fascia or foundation in question.

So What Is Water Damage Coverage Actually Good For?

Water damage claims do come in handy following a number of common occurrences. For instance, floods caused by pipes that freeze and burst during cold weather are commonly eligible for payouts. Similar events related to broken appliances, like hot water heaters, ice makers and laundry machines, are usually included in policy terms. The water damage that may occurs after a storm damages part of your roof or breaks a window may even be covered as long as you take action rapidly.

The secret to utilizing your water damage coverage is to have any issues you find assessed and corrected without delay. If you need water damage repair, contact Paul Davis Restoration today, and for more helpful tips for homeowners, visit our blog.