Whether it's the beach, lake or your backyard pool, water is all about enjoying the great outdoors. However, when there's water in your home, enjoyment is probably the last thing on your mind. Even more disappointing is the discovery that your homeowners insurance may not cover the damage. In many instances, the source of the water will determine whether or not coverage protection is offered. Make certain you understand this distinction so you will have a better idea of the type of coverage you can expect.
Flood damage is best defined as water that enters into the home from an outside source. A hurricane, overflowing lake, mudslide or water from a period of heavy rain would all be considered incidents of a flood. The most important thing to remember about flood damage is that it's generally not covered under traditional homeowners insurance policies.
If you want flood damage protection you need to purchase an additional flood insurance component. If you live near a large body of water or in an area that experiences heavy rain, this is an add-on you want to consider. Talk with an insurance company like The Selzer Company if you have questions about whether you could benefit from having flooding covered in your policy.
Water damage is opposite flood damage in the fact that the source of the water is internal. A busted pipe or leaking hot tub could both be considered incidents of water damage. Fortunately, water damage is typically included in most policies. However, there are always exceptions to the rule.
For example, say your washing machine has a leak that floods your laundry room. During the investigation it is determined that an old, worn drain hose is the source of the problem. Your failure to replace the drain pipe as necessary could lead to your claim being denied.
How You Can Protect Your Home
In addition to adequate insurance coverage, there are a number of things you can do to protect your home. In terms of flooding, altering the manner in which water flows around your home is one option, formally known as grading. Grading is a professional technique that creates a slope around your foundation. The slope ensures water flows downward, away from your home, instead of towards it in the event of rising water.
In terms of water damage, staying on top of maintenance with all your water-based appliances and having a professional plumbing inspection can help alert you of a potential issue, such as a water leak, before it occurs.
Make certain you understand the terms of your policy before an incident occurs. Your home isn't just your castle, but it's also an investment, so ensure you're protecting it.