Owner, Best Health And Car Insurance Rates - Instant Online Quotes, US
Typically, homeowner's insurance policies cover a wide range of claims, such as fire and theft, vandalism, liability,wind, hail and much much more. However, "wear and tear" is not an item that can be covered under this type of policy.
Therefore, assuming your pipes burst due to wear and tear, it would not be covered. On older homes, this is possible although it is unlikely if the pipes are fairly new.
However, if the water damage originates from inside of your home, resulting in pipe damage, there's a good chance the insurer will pay for that, subject to deductible and policy limitations and exclusions.
Yes, no and maybe! Water damage subsequent to a pipe break is typically a covered loss. What was the cause of the pipe break? If freezing was the cause of the loss the repair of the pipe is likely to be covered as well. If there was no apparent cause of the break, for example a defect in the pipe, then the actual repair of the pipe would not e covered.
A home is generally the largest purchase most of us make. It would be wise to sit down with an insurance professional to review your needs and wants, and the limitations inherent in homeowners insurance.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
A homeowner’s policy pays for damage caused by specified perils. The damage caused by a burst pipe would be covered and should be dealt with swiftly. The repair of the pipe would not be covered unless it was caused by one of the specified perils, for example explosion. Water damage is a very sensitive matter and should be handled with greatest speed.
.JPG){kind=avatar}
Therefore, assuming your pipes burst due to wear and tear, it would not be covered. On older homes, this is possible although it is unlikely if the pipes are fairly new.
However, if the water damage originates from inside of your home, resulting in pipe damage, there's a good chance the insurer will pay for that, subject to deductible and policy limitations and exclusions.
A home is generally the largest purchase most of us make. It would be wise to sit down with an insurance professional to review your needs and wants, and the limitations inherent in homeowners insurance.