Will insurance cover it? Water is rising (so to speak) as a source of insurance claims from homes and businesses. That doesnt even include floods and other natural catastrophes. The vast majority of those water losses are preventable. Out of every $100 paid in insurance claims, $12 goes to water damage and freezing claims, not including water damage from flooding rivers and seas. When faced with water damage at home, a homeowner invariably asks, Will my insurance cover it? For an insurer to cover your claim for water-related damage, the cause must have been sudden and accidental. If your kitchen floor rotted because you put off fixing a leaky kitchen sink, for example, youre probably not covered.
Posted on: Tue, 07 Oct 2014 13:00:00 +0000
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