Water damage & insurance

4/7/2021 (Permalink)

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 Claims due to water damage impacts 1 in 50 homeowners each year. It's no wonder people have a lot of questions about water damage, what is covered under your homeowners insurance, and why things, like "gradual damage" are not covered. Things get even more complicated when we look at the exceptions.

There are many types of water damage that may be covered or excluded on a home policy such as: 

• Sudden or Accidental Discharge
• Sewer backup or water backup 
• Overflow
• Flood
• Storm related water damage covered by insurance

There are some common questions people ask about what their home, condo or renter insurance covers, for water damage, here are a few of the most common questions:

• Is a water leak covered by home insurance?
• Is a leaking toilet covered by insurance?
• Is water damage from a leaking roof covered by insurance?

The answer to whether these are covered or not depends on the source of the damage, the type of policy you have and if the water damage is accidental and sudden or gradual.

https://www.thebalance.com/how-to-handle-water-damage-claims-3860314

SERVPRO of North Arlington is here for all of your restoration needs.