Water damage to your home can be devastating, especially if your insurance policies do not adequately address the cause of the damage. Your first line of defense as a homeowner is to take the proper steps to prevent water damage from occurring in the first place.
We hope you find the following articles helpful in protecting your home and personal property.
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What's Covered and What's Not
Water damage is one of the most common and costly disasters affecting U.S. residences, accounting for billions of dollars in losses to homeowners and renters annually. However, consumers can protect themselves with the right amount and type of insurance coverage, according to the Insurance Information Institute (I.I.I).
Nationally, in 2007, water damage (including frozen, burst pipes) accounted for about 22 percent of all homeowners insurance claims. The average claim was for $5,531.
"Even a small amount of water can cause serious damage to your home," said Jeanne M. Salvatore, senior vice president and consumer spokesperson at the I.I.I. "That is why it's important to have the right type and amount of insurance, including flood insurance."
Insure Against The Risk of
Sewer Back Up
Spring showers and related flooding can overburden sewer systems, causing raw sewage to back up into the drains in your home. Backed up sewers can wreak havoc, causing thousands of dollars in damage to floors, walls, furniture and electrical systems, according to the Insurance Information Institut
"Sewer backups or the inability of sump pumps to handle runoff water from major downpours are not covered under a typical homeowners insurance policy, nor are they covered by flood insurance," said Loretta Worters
, vice president of the I.I.I. "Those types of coverage must be purchased either as a separate product or as an endorsement to a homeowners policy."
Worters noted that sewer backup coverage is available from most insurers for a nominal cost-usually an additional annual premium of $40-$50.
Thank you for allowing Huckaby and Associates to help you with your insurance needs.