Your standard homeowner’s insurance policy will cover water damage caused by a rain or snow storm, plumbing damage, damage from extinguishing a fire, vandalism, the accidental overflow of an appliance, and internal damage from a leaking roof.
Potential causes of water damage that can be covered include the cracking, tearing, or other damage done to heating, steam, A/C, or automatic fire protection systems. One helpful way to think about it is that the water must not have touched the ground outside. Under a standard homeowners insurance policy, for water damage to be covered, it must be both sudden and internal. However, some specific types of water damage-with specific causes-can be covered by your standard homeowner’s insurance policy. You may have heard that homeowners insurance does not cover flooding, and that’s true, according to Investopedia, since there are separate insurance policies available that cover flooding. Does Homeowner’s Insurance Cover Any Water Damage? The answer is nuanced, with thin delineations between what is included and what is not-and what exactly is meant by “hidden” water damage. Especially after storms and floods earlier this year in Florida, many in the state may be wondering if hidden water damage in Florida is covered by their homeowner’s insurance policy. Standard homeowner’s insurance policies do cover certain instances of water damage, but the lines between what’s covered and what’s not can get complicated.
0 kommentar(er)
