Factors Affecting Flood Coverage

2/7/2022 (Permalink)

After water damage, sometime flood cuts like seen in this picture are necessary during the restoration process. Call SERVPRO when you need it.

Flood Insurance: Factors to Consider

Deciphering your homeowner's policy can be tricky. If you have a flood in your home in Pine Island, FL, due to a leaking or broken pipe, your insurance company may pay for the remediation of the damage. There are two main factors that determine whether or not your claim will be accepted.

Timing

The damage caused by a sudden pipe burst is a classic example of an issue that is covered by insurance. Pipe repair is generally considered part of regular home maintenance, not part of accident recovery. While your insurance may not pay to fix a broken pipe, it will likely cover the following water restoration services:

• Carpet cleaning
  
• Flooring replacement
  
• Drywall and insulation replacement
  
• Anti-mold precautions

Addressing the problem quickly is vital. If you let a problem go unresolved, causing the damage to get worse, the insurance company is likely to see this as neglect, and your flood claim could be denied.

Cause

Your commitment to regular maintenance is a factor in insurance coverage. If you can demonstrate that you keep your plumbing on a reliable maintenance schedule, the damage resulting from a broken pipe is usually covered. Your insurance will probably even cover secondary damage that occurs later if it is related to an issue that was initially paid for by your policy. If, however, you neglect to fix known problems or allow pipes to freeze and burst because you didn't take the necessary precautions to protect them, your claim may be denied. Most policies require that the problem causing the damage is accidental or sudden in order for the cost of remediation to be covered.

If the flood in your home was caused by a leak or broken pipe, your homeowner's policy likely covers the cost of fixing the damage. As long as you have done your due diligence regarding proper maintenance and prevention, your claim will probably be accepted by your insurance company.