Your local council should be able to provide you with flood zone maps for your area to help you decide whether you would like to purchase additional flood insurance.
Bathroom water leak insurance claim.
Water leaking is one of the most common things people will try to claim for on their home insurance policies and as the damage can be extensive the sums involved can be considerable.
Most homeowners insurance policies help cover water damage if the cause is sudden and accidental.
Yet many policyholders are unaware of what is covered and what is not covered by their homeowners insurance policy.
Claims due to water damage impacts 1 in 50 homeowners each year.
However insurance companies have the tendency to wriggle out of paying wherever they can and there have been many cases of damage caused by leaking pipes down.
According to the insurance information institute homeowners insurance may help pay for repairs if for instance your drywall is drenched after your water heater ruptures or an upstairs pipe bursts and water saturates the ceiling below.
Most homeowners insurance claims are water related.
The level of insurance excess you will have to pay.
If the cost to repair or replace your floor molding and lower floor ceiling is 3 000 and your home insurance policy includes a 1 000 deductible your insurance company would pay the remaining 2 000.
When you file an insurance claim your company will send out an adjuster to assess the damage.
Most insurance companies don t expect you to rip out the drywall to periodically check for leaks however they do expect you to address plumbing leaks asap.
If the damage caused by your water leak is very small then it may not be prudent to make an insurance claim.
If it does the insurance company could be within its rights to deny your water damage insurance claim if the damage was caused by flooding.
The effect on your no claims bonus.
Unfortunately a lot of confusion and hard feelings result when policyholders try to file a claim only to find out that the damage caused as a result of a water event is not.
How insurance adjusters will decide if they ll cover your water leak.
After you filed a claim an insurance adjuster would come to your home to assess the damage.
The scale of the water leak and the damage it has caused to your home.
