The country can experience a lot of flooding due to heavy rains, storms, or other natural disasters. In such events, homeowners may face property damage and losses, including the destruction of private property. When this takes place, you need to understand what can be covered under your insurance policy.
Does homeowners insurance cover water damage?
Generally, your standard homeowner’s insurance plan must cover physical damage to your house and the personal belongings inside caused by water. This includes flooding resulting from natural disasters like storms or too much rain. But in most cases, it does not cover damage as a result of flooding from rivers and lakes because an abrupt and unexpected event does not create it. If you live in these locations, purchasing different flood insurance coverage in addition to your regular homeowner’s policy would undoubtedly be advisable.
Homeowners insurance also does not pay for damage caused by lack of maintenance, floods resulting from inadequate drainage systems or sewer backups, or mold and mildew caused by poor ventilation. Additionally, it may not cover repair work to basements, wall surfaces, driveways, or pathways if a flood damages them.
Finally, homeowners insurance usually does not cover damages caused by earthquakes or sinkholes unless you have special insurance protection.
It’s worth considering, though, that you may need to pay out of pocket prior to getting a reimbursement, depending on the extent of the damage and your coverage limits. Make sure to read the insurance plan carefully so you understand exactly what is covered.
It’s also vital to note that certain flood-related losses may be tax-deductible, so keep all receipts associated with maintenance and repairs or replacement purchases if you’re entitled to a reduction. On the other hand, when searching for a property restoration firm such as PuroClean of Northwest Fort Worth, years of experience should be a top priority. This will ensure that the company in question can deliver high-quality service and can complete the job quickly and effectively.
What are the common types of losses included in an insurance claim?
The following are a few of the common types of losses that may be covered under your insurance coverage:
- Cleanup costs
This includes water removal from your property, removing debris and mud, mold mitigation or remediation, and other necessary services. Your insurance provider can vouch for a property damage restoration business to assist you with your cleanup initiatives.
You may also choose one on your own but ensure that the company has the experience and expertise to do the task to avoid further damage. Continue reading to learn more about how it works.
- Repair and replacement costs
Depending on the damage severity, you may need to replace or repair items in your home, including floors, walls, furniture, carpets, electrical equipment, plumbing fixtures, appliances, and HVAC systems. Your insurance policy will also cover any losses of valuable documents caused by water damage.
- Additional living expenses
If you really need to leave your home while repair services are being constructed, you may be reimbursed for hotel stays, meals, and other costs that exceed your regular monthly expenses. Your insurance provider can offer more details on this insurance coverage.
- Personal property damage claims
You will be compensated for any type of personal valuables damaged or destroyed due to the flood waters, such as jewelry, clothing, electronics, artwork, and books. The amount of coverage typically depends on the limits included in your policy and the type of losses incurred.
The Bottom Line
Nobody wants to experience water damage to their home, but with the right homeowner’s insurance, any losses can be reduced, and repairs can usually be made without a lot of difficulties. Make sure to read your policy carefully so you know what is covered, what sort of limits are in place, and how you should proceed if a claim needs to be filed.