Is fire & water damage covered by homeowners insurance or renters insurance? Often times it is, if it’s sudden & accidental.
Check out the following scenarios in which sudden & accidental fire & water damage is often covered by insurance (& more)…
Fire & Smoke Damage Covered by Insurance
Property insurance policies often provide coverage in the event of fire &/or smoke caused by any of the following sudden & accidental sources…
- Accidental Fires Caused by Cooking
- Electrical Fires & Faulty Wiring
- Appliance Malfunctions Caused by Stoves, Ovens, Dryers & Hair Dryers
- Fire & Smoke Caused by Heating Systems Including Furnaces, Fire Places, & Space Heaters
- Lightning Strikes
- Gas Leaks
Arson, however, is not covered by insurance. Do not cause intentional fire damage in case anywhere. The insurance industry employs a variety of educated & experienced professionals who only inspect fire claims & determine their causes. Those who are proven to have caused intentional fire damage anywhere will be prosecuted.
Water Damage: Sudden Sources Covered
Most often property insurance policies will cover water damage from the following sources…
- Bursted Washer Machine Hose
- Dishwasher or Water Heater Sudden & Accidental Malfunction
- Frozen Pipe(s) Freezing & Busting
- Accidental overflow from a bathtub, sink, or toilet
- Sewage Backup (Additional Endorsement Most Often Required)
Alternatively, water damage that occurs gradually due to a lack of proper home maintenance & repair, is most often not covered by insurance.
Other Sudden & Accidental Sources…
There is insurance coverage often provided outside of sudden & accidental fire & water damage. These cases often include:
- Theft & Vandalism
- Storm Damage
- Explosions
- Flooding (Separate Policy Required)
- Earthquakes (Separate Policy Required)
It’s important to keep in mind that property insurance policies can vary in coverage, limitations, & exclusions.
When was the last time that you reviewed your insurance policy with your insurance agent? Perhaps the value of your home &/or personal property has increased since your last view & you require additional coverage. Or, if you have any questions about what is & what is not covered within the policies you have purchased, you need to get those questions answered ASAP.
Do you who your current insurance agent is? Are you interested in shopping around for other insurance options?
Email us at info@wasitsuddenandaccidental.com for an agent referral based on your location & needs.
Finally, click here to follow us on Facebook & enter your email address below to subscribe via email to the Sudden & Accidental Scoop…
Comments
11 responses to “Adulting 101: Fire & Water Damage Happens, Is It Covered?”
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