My Basement Flooded – What Will Insurance Cover?
So, your basement is flooded. Whether the cause is obvious or not, you need to know exactly what has occurred in order for the right insurance policy to cover your losses. The two insurance policies that are in question are homeowner’s insurance and flood insurance. With either of the policies, there are limitations to what they will cover and how much of the damages will be covered. In addition to homeowner’s and flood insurance, rider policies are purchased (when made available by the insurance provider) to help cover what the original policy does not. The team at alpharettawaterdamageremoval.com has compiled the following information to help answer some of the more common insurance questions after a basement flood. Homeowner’s Insurance or Flood Insurance – Which Applies When? Homeowner’s Insurance – Covers damages caused be appliance malfunctions, accidental overflows, pipe bursts, and water heater malfunctions. Flood Insurance – Covers damages caused by storm surge, risi...