If sudden water damage occurs to your property, such as with a storm, it is important to dry all wet areas and provide air circulation to aid in the drying process. Also, cover any areas with a tarp to prevent more water damage. Covering, drying, and dehumidifying wet areas can help minimize the possibility that mold will accompany water damage. Always contact your insurance agent immediately to start the home owners insurance claims process.
Homeowners Insurance policies can often be confusing. We trust our agents to make sure we’re covered (pun intended), but it’s really your responsibility as a homeowner to understand the fine print, caveats and varying scenarios. This is especially true of water-related issues in the home. Of the top 10 most common – yet preventable – homeowners insurance claims filed in the U.S., half of them are due to water damage.
When one considers water damage to a home, the first scenario that comes to mind is flooding, right? Well, don’t get tripped up here. Flooding from natural disaster is an entirely separate set of clauses and coverage in an insurance plan, and is not covered under the general category of water damage. Flood coverage is covered separately, or at least as a rider onto your current policy. Without a flood policy, your insurance company won’t be covering any damage to your home due to flooding.