As a homeowner, you must comprehend the risks covered by your home insurance policy and how to file a claim for home insurance in case of loss or damage. Water damage to properties is widespread, particularly in apartments where pipes are shared. Determining what is covered by a typical house insurance policy regarding water damage can be challenging. Here are some crucial details about the available water damage home insurance coverage and the claims procedure.
Coverage For Home Insurance Water Harm
Most home insurance policies cover water damage, provided the cause is unintentional and accidental. A comprehensive home insurance policy will cover the ensuing occurrences:*
- Ruptured pipes
- Property damage due to water leaks
- Roof leak protection from natural disasters like floods
- Ruptures in water tanks
- Leaks from automatic sprinkler installations that occur by accident
What Isn’t Included?
A typical house insurance policy regarding water damage does not cover the following:
- Accidental water damage from intentional property destruction
- Loss or damage brought on by water due to depreciation, wear and tear on home structures, or other loss.
- If nuclear weapons or ionising radiation are to blame for the damage
- Unresolved maintenance issues like rusty pipes or plumbing problems can cause water damage.
Depending on the insurance company, the exclusions might be different. Do not hesitate to ask your agent or insurer about the policy exclusions.
Making Claims For Home Insurance Water Harm
The general process for claiming water damage on your homeowner’s insurance is as follows:
- In case of an accident, prioritise your safety first. Reach out to the appropriate authorities in the event of a fire or pipe burst. Take the necessary action to stop any further loss.
- Take pictures of the damaged area if you can, and keep the receipts for any services or purchases you made due to the loss or damage.
- Your insurer can be contacted by phone, online, or mobile to report a claim.
- Make sure to specify the loss or damage to your home and personal property (theft, fire, water damage, etc.) when making a claim.
- Your insurer will inform you of the supporting documents you must submit. Ensure you are prepared to provide any requested information, including the policy number, name, address, and ID proof.
- A surveyor may be tasked with evaluating the damage through a field inspection, depending on the nature of the injury and the type of claim.
- You will receive the reimbursement once the claim has been reviewed and approved.*
- Knowing the exclusions and inclusions of your home insurance policy is your responsibility as an insured. You must be knowledgeable about the claims procedure and coverage provided because water damage can be costly. This will allow you to contact your insurer immediately in the event of an accident.
Knowing how to navigate the process of claiming home insurance for water damage is essential for homeowners facing such unfortunate events. By promptly reporting the damage to the insurance company, documenting the extent of the damage, and providing necessary evidence, homeowners can increase their chances of a successful claim and avail of home insurance benefits.
*Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
