Will a Broken Pipe Break the Bank?
Would you rather have your home in Layton, UT, flood from a heavy rainfall or a leaky pipe? How about from a frozen pipe that suddenly burst while you are out of town? You are probably thinking that none of the options sound good, and you are right. However, depending on the cause of the water damage in your home, insurance coverage may differ. Although homeowner’s insurance policies generally follow the same guidelines, talk to your agent about the specific details.
What Is Usually Covered?
When it comes to home ownership, it is a great relief when you can rely on financial help from your insurance company. Water damage is typically covered when the following occur:
By no fault of the homeowner, a burst or leaking pipe causes significant water damage. Although the insurance company considers the cost to fix the broken pipe your responsibility, resulting damage is covered. This includes drying, cleaning, removing and replacing materials, and restoring your home. The water restoration specialist works with your insurance adjuster and provides documentation of work done in relation to the claim.
If you have flood insurance as part of your policy, damage from a heavy rainfall or storm is covered. If you do not have this insurance, it likely is not, so look into this if your home is susceptible.
What Is the Homeowner’s Responsibility?
Make sure you regularly maintain your home, as negligence on your part may equal more money out of your pocket:
If you leave for vacation from a cold weather climate and do not leave on your heat, a frozen pipe that bursts means trouble. This situation could have been prevented, which may result in a denied insurance claim.
If you have a pipe that leaks for a significant amount of time, this may also result in a denied claim, as fixing the pipe would have prevented ongoing water damage.
Regardless of the cause, a flood at your home in Layton, UT, is not enjoyable. However, when the restoration process is covered by your insurance, it will not break the bank.