subject: Is Water Damage Covered By Home Insurance? [print this page] Water damage can be very harmful for your house. Most people find that water damage is not covered by their home insurance policy. People often become confused about what type of damage is covered under the policy. Since most of the mold claims are denied by the insurance companies, home owners are left with many questions when it comes to water damage to their home. If you are on the same boat like many home owners take a look at what types is damages are covered under the home insurance policy you have chosen.
One of the major reasons of water damage to your home can be flood especially if you live in a rural area just beside the river. Unfortunately damages caused by flood are not covered by home insurance policies. But there are other kinds of damages that are covered by your policy. For example if the damage has occurred because of rain coming through a hole in the broken window or the roof and if the hole is a result of strong storm winds it is surely going to be covered by your home insurance policy.
If the cause of water damage is a hidden pipe leaking it will probably not be covered by the policy because these kinds of damages dont take place at a time. Rather the water damage occurs over time. In most cases it has been seen that water damage has taken place as a result of the home owners negligence. If you dont maintain your home properly or overlook the repair works needed to be done then your insurance company will not cover the damage caused by your negligence.
Before you buy a home insurance compare several policies. Talk to your agent and review your existing policy. If the policy doesnt cover any kind of water damage then you should switch to another policy that offers better benefits.
A related problem to water damage is mold. No matter how the damage has occurred you need to take immediate steps to prevent mold accumulation in your home. Stop leaks at their sources when you get the slightest indication of water damage. When water damage occurs it allows mold to develop very fast.
Mold not only damages your property further but can be very harmful for your health as well. Some of the adverse health effects resulting from mold include coughs, nose bleeds, runny noses, sinusitis, congestion and many more. There can be even more serious issues like asthma or bronchitis. Insurance policies generally dont cover mold damage. Report any water damage to your insurance agent immediately to check whether your policy is going to cover the damage that has occurred.
At times the agents dont clarify each and every point of the policy especially if the agent is directly related to your insurance company. Therefore you can also do a little bit of research yourself to know whether you can claim compensation for the damage. For example if you live in Spartanburg, search with Spartanburg Water Damage to get an idea about what kind of damages are covered by Spartanburg home insurance policies.
by: Daniel Smith
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