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Water damage insurance is a protection type that is available in most of the insurance policies. Provided to homeowners, this Factor keeps you safeguarded against sudden, accidental water damage.
However, keep in mind that such insurance doesn’t cover the damage that has resulted from the failure or negligence of the homeowner in maintaining adequate repairing.
Water damage is a significant factor in claims of homeowner insurances. Primarily, there is five times more possibility of a house getting damaged by water than theft. And, water damage is seven times prevalent than fire.
To decrease water damage, it is essential to have a home inspection by a plumber once every five years. Thereafter, replace an old water heater, use steel-braided supply lines, turn off supply when not in use. Also, don’t run a washing machine or other water-oriented appliances when there is nobody at home.
Below-mentioned are some of the events that a Home insurance policy covers:
Although these are a few things that get generally covered, however, before taking a policy, it is recommended that you go through the policy wordings to understand inclusions and exclusions.
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Under a basic home insurance policy, the following reasons are not covered in association with water damage.
Generally, exclusions vary as per the insurance provider. Thus, make sure you enquire adequately before choosing a policy.
The basic process of filing a home Insurance Claim for water damage is as mentioned below:
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