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When a pipe suddenly springs a leak or breaks due to an accident, your first thought upon discovering the mess will probably be about whether or not your homeowners insurance will cover the damage.
Whether your insurance policy will cover leaks or broken pipes depends on the circumstances. If a plumbing issue or leak occurs suddenly and by accident, homeowners insurance usually provides ...
In the U.S., the average cost for homeowners insurance is $1,687 per year for a home insurance policy with $250,000 in dwelling coverage. Depending on your location, average premiums can range ...
A number of insurance companies offer policyholders reduced rates for installing a whole-house leak protection system. As far as insurance coverage is concerned, damage caused by surface water intrusion to the dwelling is considered flood damage and is normally excluded from coverage under traditional homeowners' insurance.
Homeowners insurance can feel like a necessary evil -- something you pay for but hope never to use. But if you're not careful, you could find yourself staring at a hefty bill when disaster strikes.
How to compare home insurance rates. While the core purpose of homeowners insurance is consistent regardless of the home insurance company you choose, every provider is unique in its policy ...
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