Water Backup Insurance Claim
Because water damage may be hidden behind walls under carpets and in unseen areas clean up should be handled as quickly as possible.
Water backup insurance claim. For instance it may help cover the cost of replacing furniture or removing water after an unexpected backup. 1 claims due to water damage impacts 1 in 50 homeowners each year. Water backup coverage is an optional add on to a homeowners insurance policy. According to the insurance services office iso water damage claims are the second largest frequent insurance claim following wind and hail damage.
Sometimes referred to as sewer backup insurance water backup insurance must be purchased as a special addition to your standard insurance policy. Water damage is one of the most common causes of home insurance claims. 2 it s no wonder people have a lot of questions about water damage what is covered under your homeowners insurance and why things like gradual damage. Do i need water backup coverage.
It offers coverage in varying amounts that extends to damage done by raw sewage backing up into your home. Water damage resulting from backed up drains or failed pumps is one of the most common homeowners insurance claims. Water damage insurance claims file a property claim or call 1 800 421 3535 a leaking hot water heater or burst water pipe can quickly damage your home and belongings. Updated may 15 2020.
Because water damage incidents like these are often not covered by a home policy it s important to make sure you are protected. Whether it s in pipes or under the ground your property is surrounded by water. Water backup coverage costs anywhere from 30 70 annually for 5 000 of coverage and 25 35 for each additional 5 000 in coverage that you add to your policy according to fabio faschi property and casualty team lead at policygenius. Connect with your american family insurance agent to see if water backup or sump pump overflow coverage is right for your home.
This coverage may help pay for water damage resulting from a backed up drain or sump pump.