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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 ...
Property coverage: Any personal property that is damaged by sudden and accidental water losses will typically be replaced up to your policy’s limit with this type of coverage. For example, if a ...
Water backup coverage: This is an optional coverage that can be added to your primary homeowners policy. It is designed to cover you for water damage caused by a drain or sump pump backup.
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.
Overflow of water or steam from plumbing, HVAC, etc. ... In general, HO-4 insurance policies do not cover damage caused by certain perils, including: Flood. Earthquake. War. Nuclear accident.
Standard HO-3 home insurance policies cover damage to your home’s structure, other structures on your property and your personal belongings, as well your liability as a homeowner and the cost ...
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