Does AAA Homeowners Insurance Cover Water Damage?

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2 responses to “Does AAA Homeowners Insurance Cover Water Damage?”

1. 

   April 28, 2015

   David G. Pipes, CLU®, RICP®

   Insurance covers specified perils. Water damage is the result of an event. Everything depends upon what caused the water damage. If the damage is caused by the sudden rupture of water pipes inside the home, the damage is covered by most homeowner’s policies. If the damage is caused by the overflow of a toilet, the loss would be excluded by most homeowner’s policies. Incidentally, many insurance companies will provide coverage for the overflowing of a toilet if an extension to coverage is purchased at an increased premium. If the loss is caused by water enter the house from outside it is most likely not going to be covered. Flood insurance, an additional insurance policy is required to cover this type of loss. While it is true that flood damage is not always clear cut, it is important to note that almost one quarter of all property claims involve flood damage in the United States. The purchase of a flood policy is a wise move regardless of where you are located. I have seen desert towns inundated as well as mountain communities. In some places flooding is common.
2. 

   March 15, 2013

   Tony Canas, CPCU, MBA

   Homeowner’s insurance varies a lot so the only way to find out is to file a claim. It will probably depend on how the water damage happened. Keep in mind that flood is excluded from homeowner’s policies and you need a separate flood insurance policy through the government’s National Flood Insurance Program. If it’s not a flood and it was caused by something accidental and sudden, then you probably are covered.