When you receive service from WaterDamageRestoration.net, your provider will handle the insurance claims process for you. While you won’t have to deal with phone calls and paperwork, it’s important to understand what type of insurance offers the best protection, and how and when you should use it.
Homeowners Insurance – Most homeowners insurance policies do not cover water damage that results from a flood. Because this type of damage can be so catastrophic, insurance companies view flooding as too big a risk to cover. Many will, however, cover water damage that occurs during a thunderstorm – say, when a tree branch crashes through your window and rain pours inside your home. But, if improper home maintenance is to blame – a slow-leaking pipe or worn toilet gaskets – your insurance company may deny your claim.
Typically, homeowners insurance policies cover the following accidents:
- A sudden burst or broken pipe
- An overflowing sink or tub
- Appliance hose break
- Clogged and overflowing toilet
- Incoming water from a damaged roof
Homeowners insurance is definitely a good bet. Just be aware that your policy may not cover all types of water damage.
Flood Insurance – Flood insurance covers damage that is the direct result of flooding. So if your sewer line backs up because of a flood, you’re likely covered. If it backs up because your child flushed a toy down the toilet, you’re not.
To help property owners understand flood risk, the federal government classifies all areas as either high-risk, or medium-to-low risk. Structures in high-risk flood zones are obviously most prone to flooding. In fact, flood insurance is required if you purchase a home in a high-risk zone.
It’s also required if changes to your local flood map alter your flood status, or your property has previously received a federal disaster payout and you’re still paying off the loan. Otherwise, flood insurance is voluntary. But keep in mind that nearly 25% of all flood insurance claims are filed by people in medium and low risk zones.
Check out www.floodsmart.gov for more information on flood insurance and your susceptibility to flooding.