Water Damage in Round Rock TX: Am I covered?
1003-D S. Industrial
Round Rock, TX 78681
Water Damage: Will I be covered?
When it comes down to any type of insurance coverage,
it is important to know what your policy does and does
not cover, especially when it concerns Round Rock water
damage. Too many people make the mistake of waiting
until everything is all wet before looking into what
is covered, and all too often they are in for a rude
awakening. Some instances of water damage do fall under
your homeowners warranty, others do not, and what is
and isn't covered doesn't always seem to make sense.
Round Rock Flooding - this is not usually covered under
homeowners policies, however, there are provisions for
obtaining flood coverage for an additional premium.
The Federal government also provides coverage through
the National Flood Insurance Program (NFIP), however
you will need to do some checking and make sure your
community is a participating member of the program.
Burst Pipes - again, not covered. The reasoning on
the part of the insurance provider is that this was
a maintenance issue. Had the pipe been properly maintained,
it would not have broken. This sets an important standard
in place….if any case of water damage can be traced
back to negligence on the part of the homeowner; in
all likelihood it will not be covered.
Leaking Roof - Yes….and no. If the damage was caused
by a roof that failed due to neglect on the part of
the homeowner, then it will not be covered. If the roof
was damaged as the result of a storm and no neglect
was evident, then insurance will usually pay not only
for the roof but also for the items that may have been
damaged as a result.
Gradual Water Damage - many times, water damage is
not readily apparent until the damage has been done,
the result of small leaks that went unnoticed until
they grew to substantial size. Again, the insurance
provider will view this as a case of neglectful maintenance
on the part of the homeowner and the resulting damage
will not be covered.
In addition, cases that are covered may render themselves
"uncovered" if not reported soon enough. Some
insurance providers have strict policies in place that
guarantee water damage coverage only if the damage is
reported within a certain time frame. That time frame
is all too often quite tight, sometimes as little as
48 hours. It becomes imperative to contact your insurance
provider as soon as the damage is discovered.
With that in mind you should also be very careful when
calling in a water damage claim. Insurance companies
are notorious for dropping customers who file non-water
damage claims. In California, 25% of claimants had their
policies dropped. Yet, this number increased to 32%
when it came to those filing more than one water damage
Your best move is to sit down with your insurance provider
and ask questions, a lot of them, in order to more fully
understand exactly what is and is not covered under
your policy as it pertains to water damage. Learn when
to make the call and when not to. If you need additional
coverage and it is available, purchase it. Knowing where
you stand now will leave you much less flustered when
a problem does occur.
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