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Luckily, homeowners insurance helps cover a wide range of misfortunes, including some types of water damage. But it’s important to be aware of which incidents are covered under your policy and ...
If and when a peril occurs and causes damage to your property, you may file a claim with your home insurance provider to help cover the repairs. A standard homeowners insurance policy lists the ...
Mold is detectable by smell and signs of water damage on walls or ceiling and can grow in places invisible to the human eye. It may be found behind wallpaper or paneling, on the inside of dropped ceilings, the back of drywall, or the underside of carpets or carpet padding. Piping in walls may also be a source of mold, since they may leak ...
"A water strain could indicate that water has been running for some time, and could already be causing damage to walls, ceilings, floors," says Matt Kunz, President of Mr. Rooter Plumbing.
An insurance policy may or may not cover the costs associated with water damage and the process of water damage restoration. While a common cause of residential water damage is often the failure of a sump pump, many homeowner's insurance policies do not cover the associated costs without an addendum which adds to the monthly premium of the policy.
Extended coverage is a term used in the property insurance business. All insurance policies have exclusions for specific causes of loss (also called "perils") that are not covered by the insurance company. An extended coverage endorsement (EC) was a common extension of property insurance beyond coverage for fire and lightning.
So what kinds of damage does your home insurance policy cover? The unexpected things that cause damage to your home and property are called perils. Your dwelling and other structures coverage ...
Service line coverage: Service line coverage is an endorsement that covers utility pipes, like water and sewer lines, if they cause damage to your home. This endorsement may be beneficial, as ...