Does Insurance cover Water Damage from Home Appliance Failure?
Water damage can be caused from an array of problems. One example of water damage can result from home appliance failure, such as hot water heaters, dishwashers and washing machines. These appliances can all leak extensive amounts of water into the home due to unexpected failure. If such a problem should occur it is important to know if your insurance will cover the water damage.
The good news is that most standard homeowners insurance will cover water damage due to appliance failure. However, it is important to check with your insurance company to make sure you are covered before such an event should arise. When putting a claim in for water damage, insurance agents will check for any damage or misuse of the product. For example if the appliance was knocked over by someone, or hit with an object then insurance agents will not cover the damage.
When looking for someone to fix water damages it is important to check with your insurance agent. In many cases insurance companies will provide a list of water restoration companies who will fix the damages free of charge. However, in some cases if you do not use a recommended water damage company the insurance company might not pay for the repairs.
Although most homeowners insurance does cover water intrusion due to appliance failure, it is important to note that they will not cover the expense of a new unit. For example if your hot water heater breaks and leaks water all over your basement, the insurance will cover all the damages made by the water. However, the cost to buy a new hot water heater will come out of your pocket.
Overall, most people are covered by insurance policies for water damages due to a home appliance failure. However, it is important to check with your insurance agent to make sure you are covered before any damages take place. It is always better to make sure you are covered ahead of time, rather than regret lack of coverage after a disaster strikes.