Water damage covered by homeowners insurance typically includes: And flooding is not covered, such as flood from storm surge during a hurricane. Generally, water damage that is considered “sudden and accidental” is covered (like a burst pipe) but not gradual damage, like a leaking bathroom sink. What Type of Water Damage is Covered by Homeowners Insurance? While you shouldn’t spend your days worrying about the next big rain storm or a leaky joint somewhere in your plumbing, you can take some preventive measures and be aware of what types of water damage your homeowners insurance covers.
The average cost of a water damage or freezing claim is about $10,900. 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. Water damage (including damage from freezing) is one of the most common and most costly types of homeowners insurance claims. It seems your home is always moments away from getting soaked. Not to mention other water problems, like a heavy storm, a deep freeze or even a busted hose on a dishwasher. Your house has an intricate network of plumbing and a burst pipe could lead to both major headaches and expensive repair bills. If you’re a homeowner, water is one of the biggest threats to your house and personal belongings.
