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Insurance and Water Damage: Water damage ranks among the most frequent and expensive disasters that can impact your home, resulting in billions of dollars in costs each year. Protect your most valuable asset from water damage by securing the appropriate insurance coverage.
Water Damage and Insurance
Different types of water damage are insured by different types of policies. Insurance for homeowners and renters covers burst pipes, wind-driven rain, and damage from ice dams on your roof. Typically, water damage originating from above—like rain and burst sprinklers—is included in a standard homeowners policy.
Some policies cover sewer and drain backups, but many do not; however, you can purchase a sewer backup rider to your homeowners or renters coverage.
Water that rises from below, like from an overflowing river, is usually covered by a distinct flood insurance policy. This policy can be acquired through the federal government’s National Flood Insurance Program (NFIP) and some private insurance companies.
