Homeowner’s insurance covers many different types of water damage. A typical homeowner’s policy covers top-down water damage. Our Neff & Associates Insurance Services team understands that understanding a homeowners’ insurance policy can be confusing. As a result, we are committed to helping Pismo Beach, CA customers understand their homeowner’s policy.
What Type of Water Damage is Covered by a Homeowner’s Policy?
A standard homeowners’ policy covers top-down water damage. Top-down water damage includes leaks from a roof, burst overhead pipes, sewer backups, drain backups, ground seepage, and more. Sudden and accidental water damage is covered by a homeowner’s policy, whereas gradual water damage isn’t. A burst pipe can cause sudden or accidental water damage. However, a leaky faucet that damages a wall over time is considered gradual damage and not covered under a homeowner’s policy. A standard homeowners policy won’t cover water damage caused by flooding either.
A standard homeowner’s policy won’t cover flood damage. You’ll have to purchase a separate flood policy to cover any damage caused by a flood. A flood is an excessive amount of water on land that’s usually dry. Flood insurance covers the damage caused by floods from storms, rivers, ponds, oceans, lakes, and too much rain. Homeowners who live in a flood zone should consider investing in flood insurance because a homeowner’s policy won’t cover flood damage. Our Neff & Associates Insurance Services team can determine if flood insurance would be a good investment for you. Call us if you have questions about what your homeowner’s policy covers. We’d be happy to discuss what kind of water damage is covered by your policy and the benefits of flood insurance.