Water damage can be a never-ending nightmare for homeowners. Homeowners’ insurance and flood insurance should cover most cases of water damage. However, even if you have the right coverage in place, your insurance company may still challenge your water damage claim.
If this happens, contact RaiseMyClaim. We have helped numerous homeowners like yourself recover the necessary compensation to address and repair water damage.
Water damage can be a consequence of natural disasters, plumbing issues, faulty appliances, structural damage, and more.
Here are the most common:
If water leaks or overflows throughout your home, you can expect water damage to follow. In some cases, particularly if water is leaking inside your walls, you may not know there is a problem until it is too late. The following are key indicators of water damage:
If wet floors, walls, or ceilings are not treated, they can threaten the structural integrity of your home as well as compromise your health.
Some negative effects of water damage include:
Bugs: Termites and carpenter ants are attracted to damp wood, while roaches and silverfish thrive in damp environments
Health issues: Water damage often causes mold to grow. Exposure to mold can trigger asthma, allergic reactions, or black mold poisoning. Black mold poisoning is caused by exposure to toxic mold which can cause neurological damage, joint pain, dizziness, headaches, shortened attention span, and more.
Structural damage: Water can weaken a building’s foundation, ceilings, floors, and more, making the structure more prone to collapse.
Damaged possessions and appliances: When water damages a large portion of a home, homeowners often have to replace all of their furniture, rugs, carpeting, and other items.
Devalued property: If water stains, mold, damaged wood, and similar side effects from water damage are not properly addressed, the value of the property will likely plummet.
Odors: Wet materials that are not properly dried can release pungent odors throughout a home.
Damaged electrical wires and outlets: Water and electricity are a dangerous pair. Not only can water damage your outlets and electrical wires, but if your power is on it may also put you at risk of being electrocuted.
A typical homeowners’ insurance policy covers internal water damage caused by sudden accidents.
Examples of instances where water damage is likely covered by your insurance policy include:
Your homeowners’ insurance policy will typically not cover damage caused by a known defect or issue that you failed to address, such as poorly maintained pipes.
It also will not cover flood damage—you must purchase a separate flood insurance policy. Flood insurance will likely cover any water damage caused by a hurricane or other major storm as well.
It is important to intimately understand your homeowners’ insurance policy. However, even if you have the right insurance coverage does not guarantee your insurance company will pay the full value of your claim.
If you believe your water damage claim has been wrongly denied or undervalued, RaiseMyClaim can help. Our team of legal experts, insurance dispute attorneys, and former insurance adjusters can help you recover the compensation that you may be entitled to. Schedule your free, no-obligation legal consultation today.
