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Fire & Water - Cleanup & Restoration

Will Insurance Cover a Flooded Basement?

10/16/2019 (Permalink)

Two air movers placed in a basement drying up area affected after water damage Drying equipment in an Eastchester, NY basement

A flooded basement is certainly an incident you hope to avoid at all costs. Unfortunately, there are events beyond your control that may result in water in your Eastchester, NY, home. Even if you can’t always prevent a basement flood, it is possible to know ahead of time what your insurance will cover.

Valid Events

Water problems always seem to occur at an inconvenient time. However, if you’re armed with some knowledge about your insurance policy, you may be able to breathe a bit easier knowing that there is help available.
Some insurance policies cover water damage under two categories. If the structure of your house has been damaged due to a water pipe bursting or some other water leak, your dwelling insurance coverage may help with repair costs. There are also specific risks covered under the personal property category that may assist with the replacement or repair of belongings.
Homeowners' insurance may cover water damage if it’s sudden and accidental. Talk with your insurance agent or a company representative to learn more about your policy and other alternatives you may have. By understanding your insurance coverage, you’ll know what your options are when it comes time to pay for repairs.

Invalid Events

Insurance will not cover water damage if it’s caused by improper home maintenance. Your regular homeowners’ policy also does not cover a basement flood caused by outside sources such as the following events:

  • Storms
  • Overflowing bodies of water
  • Outside drains and sewer pipes

Another area that is generally not included is the source of the damage. For example, if your washing machine is the sudden cause of the leak, your insurance may help pay to fix the flooring; however, it will not cover the cost of a new machine.
A basement flood is stressful and costly. Fortunately, water damage specialists are available to help with repairs. Always notify your insurance company immediately to find out about assistance with renovation expenses.

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