Water damage is one of the most common homeowner’s insurance claims. According to the Insurance Information Institute, about 29 percent of all homeowner’s claims were related to water damage or freezing in 2019. These claims are also some of the most expensive, with settlement payouts averaging $11,094.
Generally speaking, the majority of homeowners insurance policies cover water damage triggered by accidental and unforeseen events.
Gradual damage from lack of routine maintenance (i.e. a leaking pipe) is not covered. Flooding is also not covered, unless separate flood insurance has been purchased.
Common scenarios that may be covered under a standard homeowners insurance policy include:
If you have experienced sudden or unexpected water damage, you will want to file your water damage claim as soon as possible. Untreated water damage can lead to long-term complications, including rot, which can attract vermin and increase the risk of mold and mildew.
Don’t assume your situation is not covered. Your insurance carrier should review your policy with you to determine your specific coverage. In the event your claim is not covered, your insurance may be able to at least make suggestions for quality restoration services in your area.
One main reason a water damage claim might be denied would be that the damage was found to be gradual, and potentially the result of negligence. Other instances when a claim may be denied include:
There are other situations that may not be covered under your homeowners insurance. You will want to speak with your carrier to be sure.
As a policyholder in good standing, you have the right to expect your claim to be processed competently and fairly. Unfortunately, there are instances when this is not the case, and your claim may have been denied unfairly. For example, the extent of your policy’s coverage may have been misinterpreted, or a claim may have been mishandled in some way (delayed filing, clerical errors, etc.).
The Roth Group specializes in leveling the playing field between policyholders and their insurance companies, and we have helped hundreds of clients negotiate a fair settlement.
If you have received a denial for a claim you feel should have been covered, please call our office or go online to schedule a free evaluation.