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Insurance Claims Water Damage Faqs

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When it comes to filing insurance claims, water damage is one of the most common causes of damage. In order to ensure maximum reimbursement from your insurance company, it is important to understand the steps that go into filing water damage claims with your insurance provider. Review these insurance claims water damage FAQs to learn the basics of filing a claim:

What Types of Water Damage Can I Claim?

Water damage can be caused by a number of hazards. While every insurance policy offers different levels of coverage, the average HO-3 insurance policy protects against such common hazards as burst piping, leaky roof, broken dishwasher and water damage caused by hail or rainstorm.

Common hazards associated with water damage that may not be covered by your policy include hurricane, flooding and earthquake. To determine which hazards are coverable, it is recommended you review your insurance policy.

How Do I File a Water Damage Insurance Claim?

Filing a water damage claim tends to be a relatively easy task. Following damage, it is recommended you call your insurance agent and inform him or her that you wish to file a claim. You should then be sent a claims form that you will fill out and return to the insurer. To improve your chances for adequate reimbursement, you might consider taking photos or video of the water damage. Taking steps to minimize water damage once it has been discovered, as well as providing receipts and/or an inventory list of damaged items may also help ensure a fair payout.

How Much Can I Expect to Get From My Water Damage Claim?

When it comes to insurance claims, water damage reimbursement depends on several factors. However, in general you can expect coverable water damage to reimburse you for all repair and replacement fees, minus your deductible and up to a maximum of your coverage limit. Due to the caveats related to level of coverage, it is important to carry insurance that adequately covers the total value of your home and personal belongings. Taking steps to ensure you can comfortably pay a deductible in the event of a claim can also do much to minimize financial concerns associated with water damage.

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