A common question homeowners have about their insurance is, “does home insurance cover water damage?” Among the myriad natural perils your home can face over the course of its life, water damage is one of the most varied. With all the different causes of water damage, it’s important to know which types require an additional insurance policy.
To help you in your insurance decisions, here are three types of water damage not covered by standard homeowners insurance:
Taking good care of your home and appliances is just as critical for insurance reasons as it is for functionality. If your dishwasher breaks and damages the floors, your home insurance will help you pay for the floor repairs.
However, if the dishwasher fails because of a preexisting maintenance issue left unresolved, you won’t be covered.
Traditional homeowners policies typically do not include coverage for water damage caused by a sewer or drain backup. If your floors or another part of your home incurs damage because of a backed-up water source, you won’t have coverage.
Your insurance provider may offer additional water or sewer backup coverage to help you in this situation.
Flooding can happen because of a storm, over-saturated ground or overflowing bodies of water. Unfortunately, in any of these cases, the resulting water damage would not be covered by a standard homeowners insurance policy.
Instead, you can purchase a separate flood insurance policy from the National Flood Insurance Program. This type of policy is required by mortgage lenders in regions where floods are more common, but can protect you just in case a flood should occur where you live.
Capital Realty was founded by attorneys and investors offering an unparalleled real estate experience. Whether your real estate needs are residential, commercial, leasing, property management, negotiation, or making connections with lenders; we are here to consult and guide you as trusted real estate advisors.
The Mezini team at Captial Realty comprises attorney Michael Lord and attorney Femion Mezini previously with Buyers Brokers Only, LLC, brokers Alex Connor and Brandy Ciccarelli. Femion brings a wealth of knowledge and accolades as the top buyer's broker in the country in 2021, serving to strengthen and enhance the real estate expertise that comes from working with the Mezini Team at Capital Realty.
Together, the team will expand coverage of the Greater Boston real estate markets, decrease response time to client inquiries, and provide a more streamlined approach to your real estate priorities. The Mezini team's success is largely attributed to our repeat happy clients and an extensive network of referrals. Our real estate goal is to work diligently to help educate our clients. Whether selling your home or looking to buy/invest, we deliver results with the best possible terms while making the process smooth and stress-free.
