Al Boenker Insurance Blog - Water Damage: Home Insurance vs. Flood Insurance
Sep 26, 2018So, does your home insurance policy cover water damage? Do I need flood insurance? What does flood insurance cover that my homeowner policy won't? Have you ever asked yourself any of these questions, or should you be? Let's explore the difference.Depending what caused the water to enter can be a determining factor as to what the coverage there will be. There are two different policies that cover water damage to a dwelling (a house, apartment, or another place of residence. (Dictionary.com). Those include a Homeowners Insurance policy and then a separate Flood Insurance policy.Home InsuranceTypical water damage that can be covered by your Home Insurance provider is most often defined as water that didn't start from the ground and move in. We are looking at water that started in and moved out or from above and came down- A little confusing? Here are some examples:
- Busted water heater leaks into the bedroom causing damage
- Broken pipes or hoses from your washing machine
- Burst pipes as a result of freezing (unless you left your house and forgot it was going to be below freezing and failed to prepare)
- A leaky roof causing water to come in through your attic or ceiling. Some policies cover water damage that results from rain or storm (although this can vary policy to policy).
- A hailstorm smashes your window, allowing hail and rain to gain access to your home.
- Backed up sewer or septic
- Ground seepage
- Poorly backed up pipes
- A storm lingers over an area for a few days dumping abnormal amounts of rainfall causing overflowing retention to flood surrounding areas causing damage to property from rising water.
- Your pool collapses and floods your home
- Water main break under your house causing the ground to be fully saturated and cause cracks in your foundation.