When it comes to water damage, insurance policies can be confusing about what is and is not covered under a homeowners policy. This is why it’s important to review your policy now before something unexpected happens. At Restoration 1 of OKC, we want you to be prepared should you require emergency property damage restoration. Here are the types of water damage that are typically covered by your insurance policy, and what will need to added on as additional coverage.
When a homeowner uses their policy toward water damage, they will receive two types of coverage for their repairs: dwelling coverage and personal property coverage. Dwelling coverage is just as it sounds: structural damage inflicted on your home by what insurance professionals call “covered peril.” These are unexpected and accidental incidents like a burst pipe, appliance malfunction, or unexpected leak. Personal property coverage is similar, but utilized for possessions that are affected by the water. The aid will go toward repairs or replacement.
All property owners need to realize that flooding is never covered under their basic insurance policy. Flood damage requires coverage from an independent policy, which is provided by the government’s National Flood Insurance Program. If your home is located in a floodplain or near a body of water, we highly suggest that you consider adding on this policy. Additionally, sewer backups are an add-on to a homeowners insurance policy.
We all try to delay large-scale home repairs as long as possible, but know that it could cost you much more in the long run by leaving these issues untreated. To add insult to injury, insurance will not kick in if water damage in your home occurred from an unresolved issue. So, don’t delay in getting things fixed while you can. Lastly, even if the incident is considered “covered peril,” don’t expect to receive help repairing the source of the damage – only the resulting property issues.
At Restoration 1 of OKC, we are trusted water damage restoration experts. No matter the size or scale, we will come to any property prepared to clean and fully restore the area in a timely manner. Call us 24/7 for emergency property restoration services today at 405-265-9133!