Repair work for water damage can be quite expensive, and as they are usually deceptive, water damages may run you into unexpected expenses that may not have been part of your budget. Hence, water damage home insurance can come in handy and protect you from unforeseen repair bills.
Any water damage has to be addressed immediately as the damage can spread to other parts of your house in no time, and mold growth that results from water damages can be hazardous to your health. If the damages are not prevented, then the molds would continue to proliferate as water leakage provides the moisture and nutrient that molds need to grow.
It’s important to note here that homeowner’s insurance doesn’t always cover all water damages and they are usually covered under an additional policy. There are many factors that are taken into account to assess whether the damage can be covered under homeowner’s insurance or not.
A homeowner’s policy generally covers damages caused by floods, wind, rain, or hail whereas mold caused by persistent water leakage are covered under a separate policy. Age of the roof and the structure of your house are also considered for the assessment.
Look through the clauses of your existing policy and find out the types of water damages covered under it. However, the best way to find out the coverage is by contacting your insurance service provider, as they are the ones who would be able to provide relevant information. They would also inform you whether you need to purchase an additional policy or not for all types of water damages.
Water is one of the most common causes of damage in your home and it’s advisable to take precautionary measures, especially when the cost of water damages can be very high.
Maintain appliances and structures inside your house and obtain proper insurance to avoid unwarranted hassles.
