Homeowners Insurance Policy Water Damage

Most homeowners insurance policies help cover water damage if the cause is sudden and accidental.

Homeowners insurance policy water damage.

Water damage is one of the most common causes of home insurance claims according to the insurance services office iso water damage claims are the second largest frequent insurance claim following wind and hail damage. A standard homeowners insurance policy will cover water damage to the home or personal property within the home if it s determined that the cause was sudden and came from inside the house. Every year about one in 50 homeowners will file a water damage or freezing claim accounting for almost 24 of all homeowners insurance claims according to the insurance information institute. However not all types of water damage are covered.

Under most standard home insurance policies if water damage occurs suddenly or accidentally from a source inside your home such as a busted pipe it will likely be covered by your homeowners insurance. Claims due to water damage impacts 1 in 50 homeowners each year. Water damage insurance does not cover damage resulting from. If the water comes from outside your home it will not be covered by your standard policy.