What is Not Covered?
Here are a few key areas that are typically not covered by your standard insurance policy. Also keep in mind of a deductible that may need to be met or coverage limits.
1. Damages resulting from unresolved maintenance issues or neglecting to repair source. For instance, you have a leak coming from your toilet supply line that you have just been ignoring for almost a year. It caused some water damage to the ceiling below which typically would be covered by your policy initially but waiting too long to fix the problem will likely cause your insurance to reject coverage.
2. Flood. Any source of water that enters your home from a flood regardless of the cause is not covered under a standard insurance policy. Yet you may purchase flood insurance which would be recommended for those living in a flood prone area.
3. Law or Ordinance Upgrades. This type of scenario can come into play for something like a fire that causes the electrical wiring in your home to need to be removed and replaced. Yet, your town has new building codes that require a more expensive upgrade to new wiring being installed. In this case your insurance will only cover the costs of the original old wiring and the difference in charges for the new upgrade will be your responsibility.
4. Sewer or drain back up from OUTSIDE. You will typically not be coverage for water that backs up into your home from an outside source. There are endorsements that can be added on to your policy to cover backs up occurring within your property line. If the source is coming outside of your property line your city may be responsible.
5. Costs to repair and/or replace source. Most insurance companies will cover the damages associated however the costs to repair the cause falls under the homeowner. For example a pipe bursts in your home causing damages to your hardwood floors. Your insurance company will take care of fixing the floors yet the plumber you hired to replace the pipe will come out of your pocket.