Does Homeowners Insurance Cover Water Damage

Your standard homeowners insurance policy does cover some costs associated with water damage but not all types of water damage are covered.

Does homeowners insurance cover water damage.

According to the insurance information institute homeowners insurance may help pay for repairs if for instance your drywall is drenched after your water heater ruptures or an upstairs pipe bursts and water saturates the ceiling below. However most home insurance policies exclude damage to your home that occurred gradually such as a slow constant leak as well as damage due to regional flooding. Here are three instances in which your homeowners policy will not provide coverage. The damage to the toilets sinks tubs and dishwasher as well as the water damage to home furnishings would be covered by the homeowners policy if it is determined to be sudden or accidental companies vary on the amount of mold damage included in this coverage so it is wise to check what amount is provided in your policy.

Home insurance covers mold if a covered peril caused the damage. Typically a standard policy covers appliance or plumbing related water damage that occurs due to sudden and accidental events that originate in your home. Most homeowners insurance policies help cover water damage if the cause is sudden and accidental. For most perils your coverage is fairly easy to understand and doesn t require much reading in between the lines but water damage to your home is a different story.

Claims due to water damage impacts 1 in 50 homeowners each year. Whether your homeowners insurance covers water damage depends on the source of the water that caused the damage. Water damage from something like a burst pipe or failed washing machine hose is generally covered by a standard homeowners insurance policy with the caveat that damage caused by a lack of. For example your homeowners insurance will likely not cover water damage that is the result of.

Even if the roof leak is caused by a windstorm or a tree. A standard homeowners insurance policy will cover water damage and roof leaks unless they re the result of gross negligence on your part. Water damage is one of the most common causes of home insurance claims according to the insurance services office iso water damage claims are the second largest frequent insurance claim following wind and hail damage. Your homeowners insurance policy should cover any sudden and unexpected water damage due to a plumbing malfunction or broken pipe.

Insurers expect homeowners to proactively take care of those problems before they need to file an insurance claim. Homeowners insurance protects your home and personal property against destructive weather theft and elemental perils like fire or ice.