How to Get Insurance to Pay for Water Damage Restoration

Insurance to Pay for Water Damage Restoration

Water can cause a lot of damage to your home. Whether it’s a flood, sewer backup, or a burst pipe, it can cause quite a bit of destruction. Luckily, insurance companies will pay for most of the unexpected water damage that occurred in your home. Still, if you want to make sure your claim is successful, there are a few things you should be mindful of. Here’s what you can do if you’re wondering how to get insurance to pay for water damage restoration: How to Get Homeowners Insurance to…

Read More

Does Homeowners Insurance Cover Plumbing and Pipe Leaks?

pipe leaks

Owning your own home is exciting but there are also basic chores and situations you need to be aware of. This will allow you to act in the best possible way should something negative happen. For instance, burst pipes which flood the house. Having your own home may mean that you have replaced the plumbing system and can feel fairly confident that you’re not going to have an issue. However, pipe leaks and plumbing disasters can happen to anyone at any time. It’s best to be prepared. Know Your Plumber…

Read More

Live in a Flood Zone? Protect Yourself from Water Damage

flood insurance

Around 41 million Americans live in flood zones, according to a survey by Environmental Research Letters. If you’re one of those people, you’ve likely encountered water damage in one way or another.  Basements flooding, structural damage, and mold are all common after-effects of flood and water damage, made far more likely when living in a moist, flood-prone area. These factors don’t mean you have to pack up and move. With the right preparation and knowledge, dealing with flood damage doesn’t have to be scary.  Here are some actions you can…

Read More

Insurance companies facing rising water damage claims

Water Damage Claims - Houses in flood waters

A new report shows that leaks are becoming increasingly problematic for homeowners and insurers. A new Verisk Analytics report from its ISO unit has found that insurance companies are taking an increasing number of water damage claims. At the same time, other forms of claim have been falling in frequency. The report determined that one in 50 homeowners insurance policyholders file a leak claim each year. Water damage claims affect one in every 50 homeowners insurance policyholders every year, according to the research. The study involved data from 2013 through…

Read More

Insurance industry in Canada facing increase in water damage claims

Canada flood insurance industry

A spokesperson from a nationwide group has released a statement on behalf of insurers to encourage people to do their part. The Insurance Bureau of Canada (IBC), an organization that represents the insurance industry in the country, has made a statement through its Atlantic vice president, Amanda Dean, to help to encourage policyholders to do their part to prevent water damage in an environment that appears to be facing a rapidly growing number of claims. Severe weather appears to be on the rise and natural disasters are becoming more common…

Read More