Will My Homeowner’s Insurance Cover Water Damage?

If you find yourself facing water or flood damage in your home or office and you have homeowner’s insurance, you’re probably wondering if it can help offset the cost of cleanup. Given that the average cost of water damage restoration is around $1,500, it’s important to know what your policy covers before you need to use it. Unfortunately, water damage is not one-size-fits-all and what is covered and what is not depends on the source of the water damage. Policies vary from company to company, so if you have any questions about your specific homeowner’s or flood insurance policy, contact your insurance carrier.

Generally speaking, homeowners insurance will cover any damage that might occur from an inside water source such as a burst pipe or toilet overflow; damage from an outside source is categorized as flooding and requires separate flood insurance. Similarly, coverage for mold growth resulting from water damage is also dependent on the source and insurance will not cover mold removal that results from age or poor maintenance. If mold is covered under your policy, it will likely be subject to a cap or limit with specific conditions. It’s also important to note that while homeowner’s insurance usually covers damages and loss from an inside source, it does not cover the cost of fixing the broken pipe or appliance itself.

Given the importance of the source (is a leaky roof an inside or outside defect?) and the fact that the full extent of the damage (not to mention potential mold) may not be visible to the naked eye, it’s essential that a professional assess the situation to ensure your claim is filed accurately so that you can receive the full coverage that you’re entitled to. The good news? Regardless of the circumstances, some water damage restoration companies (we’re one of them!) will help you with your claim and negotiate with the insurance company so you can get your life back in order as quickly as possible.

Find more information about what kind of damage is covered by homeowner’s insurance here.