Imagine going downstairs to find that your water heater leaked all over the basement. You may have to spend the next few days using every fan you can find to dry the carpet and whatever wasn’t wrecked from the water damage. You might have to throw away books, school projects, and other keepsakes that got ruined. You may even have to get new carpet or flooring.
Water damage tends to be a surprise, but what your insurance does and does not cover shouldn’t be.
What does typical home insurance cover?
When it comes to coverage for water damage, the source of the damage is always important. If the damage is sudden or accidental, like a burst pipe, most homeowners insurance policies will cover it.
What is not covered?
Some water damage is not covered by homeowners insurance. As previously mentioned, it is important to consider the source of the damage.
It is always important to know what is and isn't covered by your insurance, so you are able to best protect yourself and your family. Ask your insurance agent if you are unsure about your specific coverage.