Comprehensive Articles on Damage Types - Water, Smoke, Fire, Mold, and Smoke

Water Damage Insurance

The main reason many people invest in a home insurance policy is to guard against water damage and fire damage. Pipes can leak or burst or incessant rains could flood your home, causing extensive damage to the structure itself as well as destroying belongings such as carpets, household appliances and furniture. Taking out a water damage insurance policy ensures that you are protected if and when flooding does occur, and that you will be accurately compensated for your losses.

Filing an accurate report with your insurance company about the type and extent of the water damage sustained by your home is very important. For instance, floods that are caused by heavy rains are often not covered by insurance. Therefore, when you report water damage to the insurance company, it’s necessary to use the right words to describe the situation. It’s advisable, for example, not to use the words “flooding” or “floods” in your report; instead, simply state that water leaks have caused the flooring to become wet.

Homes that have been afflicted by water damage can also suffer from the proliferation of mold. Many homeowners who make insurance claims fail to receive their claims because of the presence of mold. It always pays to understand what your home insurance policy covers and to read the terms and conditions thoroughly before you sign on the dotted line.

Flooding in a home can create a very stressful situation in which the homeowner feels lost and confused, and unsure of how to proceed. It’s best to remain calm and try not to panic. Refrain from making that important call to your insurance company right away. Instead, first hire a water damage restoration expert to come in and make an appraisal of the entire situation. This professional can determine the cause of the flooding and the extent of the losses that have occurred, and can even suggest ways to minimize further damage to your belongings. After consulting with a water damage expert, you should then contact your insurance company to file a claim. Once the water damage restoration professional has pinpointed the cause of the water damage, you will be in a position to know whether you are eligible to file an insurance claim and whether your insurance policy covers the loss. If you have lingering doubts about the situation, contact your insurance agent directly for help in accurately filing the claim.

Homeowner’s insurance policies usually fail to cover water damage due to floods, but may cover other types of water damage like burst pipes or leaks. It is imperative that you keep your home carefully maintained, as water damage that can be attributed to unforeseen circumstances in a well maintained home is always covered and accepted for claims. It also pays to periodically review your home insurance policy from time to time. Also, keep an eye open for mold in your home, since homeowners who make water damage insurance claims on areas where mold formations previously existed will have their claims turned down.

Call your insurance company to have an adjuster come in and assess the water damage in your home so that you know if your claim will be processed and your compensation paid. Water damage insurance policies cover only the costs of cleaning the water damage and repairing items that were damaged by the water. If your insurance policy covers water damage, seek professional help if necessary to handle the situation so that your insurance claim may be processed successfully.