Does Homeowners Insurance Cover Water Damage

Here are three instances in which your homeowners policy will not provide coverage.

Does homeowners insurance cover water damage.

Insurers expect homeowners to proactively take care of those problems before they need to file an insurance claim. 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. 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. Claims due to water damage impacts 1 in 50 homeowners each year.

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

A standard homeowners insurance policy will cover water damage and roof leaks unless they re the result of gross negligence on your part. Most homeowners insurance policies help cover water damage if the cause is sudden and accidental. Even if the roof leak is caused by a windstorm or a tree. Your homeowners insurance policy should cover any sudden and unexpected water damage due to a plumbing malfunction or broken pipe.

For example your homeowners insurance will likely not cover water damage that is the result of. Maintenance problems that have not been attended to. Does home insurance cover mold. Homeowners insurance protects your home and personal property against destructive weather theft and elemental perils like fire or ice.

In that case your home insurance policy will likely pay for mold removal repairs and clean up. 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.