Water damage can be a nightmare for property owners. It can destroy your home and belongings, leaving you with a hefty repair bill. The main question many people have at this point is: will insurance cover it?
Common causes of water damage
There are different types of water damage, and they can happen in many ways, including:
- Natural events: Heavy rains, floods and hurricanes can cause significant water damage.
- Defective plumbing: Leaky pipes, broken water heaters and faulty appliances can lead to water damage.
- Roof leaks: Damaged or old roofs can allow water to seep into your home.
- Foundation issues: Cracks in your foundation can let water in, causing damage over time.
Whether water damage strikes unexpectedly or you have time to try and mitigate the damage, the consequences of intrusion can be severe.
The impact of water damage
Moisture and water can wreak havoc on your property. Here are some of the ways it can cause damage:
- Structural damage: Water intrusion weakens the structure of your home, leading to costly repairs.
- Mold growth: Moisture creates the ideal environment for mold, which can be harmful to your health.
- Damage to belongings: Water can ruin furniture, electronics and personal items.
- Electrical hazards: Water can cause electrical systems to short-circuit, posing a fire risk.
Water damage can be substantial and expensive to fix, and property owners would be wise to address it promptly to minimize the impact.
Why insurance doesn’t always cover water damage
Insurance policies are tricky when it comes to water damage. Some people assume they have coverage only to learn a costly, painful lesson. Here are some reasons why your claim might be denied:
- Policy exclusions: Some policies exclude certain types of water damage, like flooding or sewer backups.
- Negligence: Insurance may deny claims if they feel the damage is due to neglect or improper maintenance.
- Bad-faith practices: Unfortunately, some insurance companies may act in bad faith, underpaying or denying legitimate claims to save money.
Understanding your policy and knowing your rights can help you overcome these challenges. If your insurance company initially denies your claim, consider seeking legal advice to ensure the decision is fair and to protect your rights as a policyholder.
