According to the Insurance Information Institute, water damage is one of the most common and costly disasters affecting U.S. residences, accounting for billions of dollars in losses to homeowners and renters annually.
It’s important to understand what your standard homeowners’ policy covers, so you can decide if it meets your needs. One way to remember what is covered in a standard homeowners’ policy is that water that comes in from above your home, such as heavy rain, is covered, but water that comes in from below your home, such as excessive snow melt, is not covered. You should check if your policy covers sewer and drain backups. Often, standard policies do not cover this, but a rider can be purchased for it. Damage caused by flooding is not covered with standard homeowners’ or renters’ insurance policies.
While obtaining the right insurance coverage for your home is critical, there are also many useful steps to take to prevent water damage from happening in the first place. Here are six tips to help prevent water damage to your home.
- Check your roof for missing and aging shingles that can lead to leaks.
- Make sure your gutters are clean and your downspouts are discharging their water away from your foundation.
- Replace cracked hoses leading to your water heater, dishwasher, washing machine, and ice maker on your refrigerator. Typically, these hoses need to be replaced every five to seven years.
- Make sure the caulking around showers and tubs are watertight.
- Turn off the water supply to your home when you leave overnight.
- Make sure everyone in the house knows the location of the main water shut off valve. If a pipe bursts or a hose is damaged, water can surge through your home very quickly.
As a homeowner, you put a lot of time and effort into making your residence your home. At AssuredPartners NL, we want to provide you with a homeowners’ policy that meets your specific needs. Reach out to one of our experienced agents who can review your policy to make sure your coverage is meeting your unique needs.Share This: