Homeowner's insurance can help you recover financially from many accidents and disasters at home. While traditional homeowner's policies include coverage for personal items and your property, they don't cover everything. Certain types of damage may be excluded from coverage and require an additional policy, including many types of water damage. Here are some of the types of water damage your homeowners insurance might not cover:
A key detail of homeowners insurance is, while it covers home appliances and systems, it won't cover your costs if the damage is your fault. For example, your insurance will cover the cost of replacement floors if they are damaged by water from a sudden dishwasher failure. If there were preexisting maintenance issues causing the damage, like a continually leaky faucet or pipe, the insurance isn't likely to cover the bill.
Homeowners insurance doesn't usually cover the cost of replacing whatever caused the water damage. For instance, in the above scenario, they might not pay to replace or repair your broken dishwasher. While many home appliances are included in homeowner policies, it's important to be completely clear about what might not be covered so you don't have any unpleasant financial surprises.
Sometimes water damage can occur because of a backed-up sewer or drain outside the home. This can be messy for your yard and your home's interior if the water manages to seep into your basement or floors. Unfortunately, most traditional homeowners insurance policies won't cover this type of water damage. The good news is that you can usually purchase additional water and sewer backup coverage to help you handle the damage from this type of situation.
Flood damage can range from annoying to completely catastrophic. While the source of the water in a flood can vary from one situation to the next, homeowners insurance policies won't cover your costs for damage to your home. Flood insurance is a common addition to homeowners policies in flood-prone areas, but you can purchase it as supplemental coverage no matter where you live.
When purchasing homeowners insurance, it's crucial to go over every detail. The more familiar you are with your policy and what it includes, the better prepared you'll be to handle water damage at home.
Congratulations!! You have found The Agent who truly believes in treating others the way she would want to be treated. I was NOT born a Bay County resident; I'm a transplant from Georgia. This actually gives me a bit of an edge in seeing things through the vision of a newcomer. This edge is the fact that I've done all the research and traveling to find the attractions, benefits, events and a wealth of other information most new arrivals to beautiful Bay County are seeking to find. I will walk that mile (or more) with YOU to find YOUR IDEAL IMAGE HOME. Although each of us has different wishes for our homes, we can all agree that we want it to be "A place of refuge, comfort, hope, memories and happiness". I know Bay County extensively and I'm familiar with being in the military "family". I am an extremely proud Retired Air Force spouse. My motto as your agent is: "It is my mission to treat YOU as I would desire to be treated". I would like to help you with full integrity, on a timely basis and with positively your best interest at heart. If you are currently a Bay County resident and wish to sell or purchase a home, please consider my services as well...because; that same integrity used for newcomers will be exactly the same for locals!
