What Is Water Damage Insurance? What are Common Claims?
by Guest on Jun 11, 2019
Water damage insurance is a type of protection provided in most home insurance policies against sudden and accidental water damage. Water damage insurance does not cover damage resulting from the negligence or inability of the owner to maintain the house in good condition. In addition, floods usually require a separate policy, if any.
Because water damage insurance does not cover negligence, many types of water damage to real property can and should be avoided through proper maintenance. It can be something like watching raindrops from the ceiling during a rainstorm or fixing a leaking pipe under the kitchen sink before the mold becomes spilled. The main thing to remember is that in the event your property has filled up with water, simply call a professional water removal contractor right away and pump the moisture out. Remember, failure to do so can be negligence on your part and then the insurance company will not pay for damage that you rightfully should be covered for.
Insurance claims
Water-related damages are a crucial reason for insurance claims made by a homeowner. According to the Insurance Information Institute, water was the third leading cause of claims from 2012 to 2016, with an average of $ 9,633 per claim. Water damage and frost were the second largest claim after wind and hail damage. About one out of every 50 insured households files a claim for property damage each year, caused by water damage or freezing. It is five times more likely that your home is damaged by water than to claim a theft. Water damage is seven times more common than fire.
According to a study by Disatersafety.org, there are two common types of faults in plumbing supply systems. "The first concerns frozen pipelines, which can burst because of an increase in water pressure caused by freezing water in an adjacent section of the pipeline, which accounted for 18% of all claims related to The second most common type of failure occurs when the material of the supply system fails and leads to the leakage or bursting of a pipe. one in three plumbing system in this study. "
Failures in plumbing supply systems are the leading cause of water damage claims, with 48% more losses in dollars, an average of $ 5,092 per incident after the deductible. Of these, 65% were due to a failure of the plumbing supply system material, while 18% were due to frozen pipes. Drainage system failures are another major source of claims, with $ 4,400 per incident paid in claims. Sewer backups in finished basements were also a major source of claims.
Toilet failures were the second most common cause of water damage, whether from the water supply line or the toilets back in the house, followed by water heater failures and water penetration — water in the house. Feeding lines of washing machines have been another major cause of damage.
Finally, in recent years, especially after Hurricane Sandy, water damage from external sources has also increased. Many local water damage restoration companies report that consumer awareness of how to deal with flooding has increased greatly over the last years due to these large-scale hurricanes to which many states fell victim. Sometimes these external waters can damage your home and waterproofing right away and sometimes it can take years to notice the damages caused. If you want to be covered for external weather conditions, make sure that your insurance plan covers it.
To annul water damage, old houses should be checked out by licensed plumbers every five-year interval, change aging water heaters, use stainless steel braided supply lines on washing machines, and have control for closing feed lines when the machine isn’t being used. Do not operate the dishwasher or washing machine if someone is not at home.
As you can see, there are many ways a person's house and family can be at risk from water-related damages, so make sure you are covered.
Popular Articles
Three Places to Spend Money on the Exterior of Your Home
When you have the exterior of your home remodeled, you are investing, time, energy and convenience into the project and you want to make sure that...
70584 Views
When to Use a Brush, Roller or Sponge Brush
Brushes are a good choice for painting trim and woodwork. They are also useful for cutting in the edges around the top and bottom edges and corners...
67411 Views
Homemade Headboards-Make an Upholstered or Wooden Headboard
Homemade headboards can add a lot of personality to any bedroom. They can be coordinated with existing furniture and room decor or they can be the...
62870 Views
Creating a Cottage Kitchen with Bead Board
Kitchen decor can range from modern and bold to elegant and elaborate by using strategic kitchen pieces. One of the most popular decorating trends...
43075 Views
Gas Fireplace Diagnostics and Troubleshooting
Follow these steps for diagnosing and troubleshooting Gas Fireplaces repairs. For the average DIYer, this may seem intimidating, depending on the...
26830 Views
Latest Articles
What are the Advantages of a Metal Roof
Metal roofing is durable and beautiful, allowing a home to stand out from others with conventional tiled roofs. A metal coating can last a...
on Feb 1, 2023
How Much Does it Cost to Install Hardwood Floors
There are specific considerations to make before laying hardwood flooring in your house. The first thing you need to know is that the price of...
on Jan 19, 2023
Home Maintenance Jobs You Need to do This Winter
Winter is the perfect time to get some home maintenance jobs completed. Not only are you stuck inside because of bad weather, but this same bad...
on Jan 10, 2023
Design Tips to Level Up Your Kitchen
Kitchens are the heart of the home. Aside from being where we cook and eat, kitchens can be our workspaces, spaces for relaxation, and - in the...
on Jan 9, 2023
5 Irresistible Reasons for Working with a Realtor
Buying your first home can be a daunting task. If you do not know about the intricacies of the real estate industry, you will not be able to make...
on Jan 5, 2023
Featured Articles
What Type of Licensed Contractor Should You Hire?
on Feb 28, 2017
Hire Contractors / Estimates

Looking for a specialty project? There are many types of contractors available for your home improvement needs. Finding the right type of...
Sponsored Articles
Real Estate Investment for Future Generations
on Mar 14, 2022
Real Estate / Finance

Purchasing a home is not simply a financial commitment. It is also an excellent way to start accumulating your wealth. Your home is also a...
Can I Sell My House with a Leaky Roof?
on Oct 28, 2021
Real Estate / Finance

The answer to this query is YES. It is possible to sell a house with a leaking roof, but it's always essential to evaluate some factors before...
Actions
Top Categories
- Garden / Landscaping / Patio — 260
- Kitchen / Bathrooms — 239
- Real Estate / Finance — 194
- Appliance / Repair — 185
- Interior Design / Decor — 183
- HVAC / Air Conditioning — 147
- Cleaning / Maintenance — 143
- Improvements / Remodeling — 131
- Plumbing / Basements — 116
- Floors / Tile / Hardwood — 115
- Doors / Garages — 113
- Safety / Security — 112
Articles Archive
More DIY Articles
Steps Involved if You Wish to Pursue Changes at Home
Home improvement projects take time and effort. You have to work hard if you wish to see these changes happen. You also have to be willing to spend...
Using Budget Calculator Online Tools to Plan Your Real Estate Repayments
Buying a property, whether a piece of land or a home, is one of the most significant decisions you will ever make. In most cases, you will not have...
Handheld Portable Vacuum Cleaners
Handheld portable vacuum cleaners on sale and free shipping online are a profound set of equipment that has entirely changed the way cleaning is...
Top Reasons to Hire a Bee Control Professional
It is normal for you to consider your home the property that you have in order to live and thrive in it. This is why you act like it is a valuable...
Benefits of Electrical Test and Tag
Thanks to advances in science and technology, various devices have been developed to make life easier and more comfortable. Yet, regardless of the...