Will Your Homeowner Insurance Cover Water Damage?

Most homeowner policies provide protection from water damage if it is sudden and accidental. For instance, if your drywall gets soaked after your water heater ruptures, then this will be covered.

Homeowner insurance does not cover all kinds of water damage. The following situations are not covered:

– Damage from unresolved maintenance issues – If you have continuous leaking near a faucet or other plumbing fixture, the resulting damage would not be covered.

– Repairing the source of the water damage – Most policies won’t cover the source of the damage. This means that your policy may cover the replacement of a floor that was damaged by your washing machine. However, you should not expect that the policy will cover the machine itself.

– Water backup from an outside sewer or drain – If water backs up from an outside sewer or drain into your house, don’t expect your policy to cover it. There is additional coverage that can be purchased to cover this problem.

– Flood – Floods are not covered by traditional policies. However, you can purchase flood insurance from the National Flood Insurance Program.

Wind Damage Is the Most Common Claim on Homeowners Insurance

Weather incidents account for more than half of all homeowners insurance claims.

The five most common causes of home claims are the following:

– Exterior wind damage – This composes 25 percent of all losses.
– Non-weather-related water damage – 19 percent
– Hail – 15 percent
– Weather-related water damage – 11 percent
– Theft – 6 percent

Weather-related claims are the most common. However, fire causes the most expensive claims. Fire accounts for almost one quarter of the amount of all claims.

Wind causes damage to structures and other items because of its velocity. Wind damage comes in two different forms. One is damage caused by winds and one is damage caused by tornadoes.

Wind damage is measured on the Fujita scale. The amount of damage ranges from light damage to incredible damage.

A tornado can be described as a violent column of rotating air extending from a thunderstorm to the ground. The winds of a tornado can exceed 250 miles per hour. Tornadoes are so destructive that they damage almost anything that they come in contact with.

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