Homeowners often wonder, “Does home insurance cover water damage?” Water damage comes in many forms and from many sources, but your standard homeowners insurance policy may not provide coverage for every type.
To help you better understand the limits of your homeowners insurance, here is a basic guide to the types of water damage your policy won’t cover:
Making sure your home appliances and systems are in good working condition is critical for insurance as well as their functionality. Your home insurance can help you pay to repair damages caused by the sudden failure of an appliance, but won’t cover you if the failure happened because of unresolved maintenance problems.
For example, if your floors are damaged because your dishwasher has been leaking for months, you wouldn’t be eligible for coverage.
Floods can be catastrophic and happen for a variety of reasons. Storms, overflowing bodies of water and over-saturated ground can all lead to flooding and property damage. Unfortunately, regardless of why the flood happens, the damage will not be covered by your homeowners insurance.
You can purchase separate flood insurance from the National Flood Insurance Program to protect you in case of flood damage. Mortgage lenders often require proof of flood insurance when you’re purchasing a home in certain regions where flooding is prevalent.
Most homeowners policies typically don’t include coverage for water damage caused by a sewer or drain backup. An outside water source backing up might cause serious damage to your floors or foundation, but you’ll likely need to purchase additional coverage to help with the repairs.
Home insurance can help you pay for many kinds of repairs to your home. However, it’s important to remember these types of water damage that require additional insurance policies.
I have lived in the Athol-Orange-Phillipston area for most of my life. I graduated from the Athol-Royalston Schools and Boston College in 1973. I have been an active real estate Broker since 1973.. I have First hand knowledge of all the various aspects of working and living in our area.
For over 40 years I have maintained a presence in the real estate market through building new homes while buying and selling all types of real estate. I offer first hand knowledge and experience to Buyers and Sellers in our unique market area . I also have a keen interest in Waterfront properties, land and income properties. We are also currently focused on bringing new businesses into our area including Commercial , Mixed Use and Retail Development along the Rt 2 corridor including into the North Quabbin Business Park and the Greater Gardner to Athol-Orange areas.
I will to give you the benefit of my training and experience and the most personal service and attention that you deserve.
