Personal Insurance Agent, Wells Fargo, North carolina
This is a difficult question to answer without viewing your specific policy and the coverages contained in it. Is a water heater covered within a policy, generally yes. It just depends on what happens.
For example, general wear and tare is not covered under the standard homeowners policy; however, if you adding coverage for appliances or household items (that would have cost you more each year) or you pay for a home warranty, it could be covered for wear and tare.
If the damage is from a busted pipe that occurred by no fault of your own or was from a power surge, it could be protected if the policy is setup correctly.
It does come down to what exactly you have your policy and within the policy what the limits are.
If you have a home warranty program that is always the best way to go because claims with the warranty companies will not result in higher premiums for your homeowners policy, but if you take a claim against your homeowners for the coverage (EVEN if it isn't covered) it could result in a slight increase in your prices for next year. If the cost is less than your deductible it wouldn't benefit you to make a claim on the home policy either.
Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
It really depends upon the cause of the presumed damage to your water heater. If the unit simply fails, or bursts die to wear and tear, then the resulting water damage to your property may be covered but not the unit itself. If the unit is damaged as a result of a lightening strike, however, it may be possible that the damage to the unit may be covered under your Homeowners' policy. Talk to your Insurance Professional about the specific terms and conditions of your contract.
.JPG){kind=avatar}
For example, general wear and tare is not covered under the standard homeowners policy; however, if you adding coverage for appliances or household items (that would have cost you more each year) or you pay for a home warranty, it could be covered for wear and tare.
If the damage is from a busted pipe that occurred by no fault of your own or was from a power surge, it could be protected if the policy is setup correctly.
It does come down to what exactly you have your policy and within the policy what the limits are.
If you have a home warranty program that is always the best way to go because claims with the warranty companies will not result in higher premiums for your homeowners policy, but if you take a claim against your homeowners for the coverage (EVEN if it isn't covered) it could result in a slight increase in your prices for next year. If the cost is less than your deductible it wouldn't benefit you to make a claim on the home policy either.