Flood Damage Coverage and Water Damage Coverage –
What’s the Difference?
If water damages your property it will either fall under
flood damage or water damage. The question to ask yourself is: Did the water
that damaged my home make contact with the ground before or after it entered my
home?
Flood damage: Water that damages
your home after it has already made contact with the ground.
Examples of flood damage sources:
- A river overflowing
- Flooded streets
- Mudslide
- A sewer back up caused by a storm
Water damage: Water that damages
your home prior to it making contact with the ground.
Examples of water damage sources:
- A broken water pipe spews water into your home
- Heavy rain causes your roof to leak
- Rain enters your home through a broken window caused by a storm
Rule of thumb: Flood Insurance and water damage coverage
offered under your homeowners insurance policy does not mean you are
duplicating coverage. Instead, they complement each other. Click here to learn how to sign up for flood insurance.
Understanding Your Coverage and Exclusions
You purchase your homeowner’s
insurance and then disaster strikes… do you know what you’re covered for and
what damages will be excluded from coverage? Water damage coverage can get
tricky. It would be an ideal world if we bought one coverage and it covered
anything to do with water, however, life is not that simple. For instance,
water that backs up through sewers or drains is not covered unless you buy
sewer backup coverage separately. Damage from sewer backup would most likely be
covered under your flood damage policy. Although, it will be denied if the
sewer backup was not caused by a flood in the first place. Insurance companies
can deny your water damage claim if you do not file in a timely manner. You
must report a water loss within 14 days of the first drop to your insurance
company or they could deny your claim. The 14 day rule can complicate a
situation such as a water leak that you can’t visibly see. Such situations can become highly
frustrating and unpredictable for the insured.
Useful information about
coverage and exclusions:
- Flood insurance will only apply if either the flood affects two acres of land or it affects two homes, one being yours.
- Your personal contents may not be covered under a standard flood or water damage policy – get the details!
- Know the specifics – if a hot water heater springs a leak, the damage should be covered under your homeowners insurance. However, if the hot water heater springs a leak as a direct result of a flood, that would only be covered if you have flood insurance.
- Mold may not be covered under your homeowner’s policy. Usually with water damage comes mold damage. Know if your policy excludes mold or not.
You can purchase the coverage
for personal belongings but usually there is a limit to how much you can cover.
Floods and leaky pipes bursting can damage and ruin valuable items. Keeping a
list of your valuable items and their worth will make it easier when it comes
time to recover money for your losses. Valuable items such as artwork, rare
books, jewelry, etc. may fall under a different property coverage limit. There
may be a maximum coverage of $2,500.00 for such valuables.
Restoring Your Home and Peace of Mind with PRS
While PRS cannot assist you
with your homeowners insurance issues, we can restore your home to pre-loss
condition as well provide content restoration services to repair irreplaceable
items. We are certified and licensed to
assist you with a complete restoration of your home. We provide services such
as: structural drying, mold assessing, mold remediation, complete restoration,
and content restoration. We are available 24/7 365 days a year and ready to
assist you with an emergency. We know how time sensitive water damage can be,
the first 24-48 hours are the most crucial. If you face any water damage to
your home we promise to find the source and restore the damages to pre-loss
condition.
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