WATER DAMAGE INSURANCE from Tim Scott's blog

This info-graphic titled ‘water damage insurance’ provides us an overview of home insurance policy covering water damage. If you’re a homeowner, water is one of the ample threats to your house and personal belongings. Your house has an complex network of plumbing and a burst pipe could trail to both major headaches and expensive repair bills. Not to mention other water difficulties, like a soggy storm, a deep freeze or even a ruptured hose on a dishwasher.


Water damage is one of the most common and most dearly-won types of homeowners insurance claims. Each year, about one in 50 homeowners will file a water impairment, accounting for almost 24% of all homeowners claims for insurance, says the Insurance Information Institute. The average cost of a water damage or freezing claim is approximately more than $10,900.


If you gestate water damage, it’s a good idea to click pictures of the area and contact your homeowners insurance company as soon as possible. If the water damage is blanketed by your insurance policy, you’ll be accountable for paying a deductible, which is the sum you’ll pay out of pocket. For more information, please refer to the info-graphic below.


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By Tim Scott
Added Nov 24



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