Flood Damage Repair MN | Water Damage Restoration MN
The aftermath of a water damage problem is not the time to discover what is and is not covered in your homeowners’ insurance policy. Too many people wake up to a flood, call their providers, and are politely told that they are on their own. Insurance, as it applies to water damage, is a tricky situation.
It becomes of utmost importance for homeowners to learn and understand their insurance plans, knowing what is covered, what isn’t, and making the appropriate adjustments. This is the only way to avoid being caught unawares when that upstairs pipe breaks or the local dam gives way.
A Minnesota Water Damage Restoration Expert has both the skill and the experience that allows us to work directly with your homeowners’ insurance provider or claims adjuster. This not only spares you, the homeowner from the headaches that always seem to go along with handling insurance matters, but gives you the peace of mind knowing they have done it many times before and that they will do the legwork for you, submitting your claim, and doing whatever is necessary to make sure that claim is properly processed and resolved.
Many homeowners mistakenly believe that flooding is covered by your homeowners’ policy. It isn’t. Flood coverage may be available for an additional premium, but it depends on the provider, whether or not your home is located in an area prone to flooding, and other factors. Many flood prone communities participate in the National Flood Insurance Program (NFIP), established by the Federal government to provide flood insurance coverage, as well as working with communities in high risk areas to take the proper steps to protect their residents from the flooding threat.
People often overlook the importance of flooding protection, believing that they will simply get Federal disaster relief if their home is damaged by flood waters. While this may be true, it is predicated on whether or not the community is declared a disaster area, and even then, disaster relief often comes in the form of low interest loans that must be paid back, along with whatever the current mortgage payment is on the property. By having adequate flood insurance coverage, you are simply responsible for the premium, and will not have to deal with the added burden of a substantial new monthly payment following the restoration of your home.
In other cases of water damage, coverage may not exist, or may be denied if the damage can in any way be traced back to negligence on the part of the property owner. If your roof gets damaged in a storm, that may be covered, but if the roof was damaged in a storm because it was not properly maintained, then coverage will be denied. Coverage may also be denied if you wait too long to file your claim. Some companies will deny water damage coverage if the damage is more than 48 hours old. In every way, timing is important in the wake of water damage.
Water Damage | Water Damage Insurance
Water damage cleanup, repair and restoration can be a costly operation, and surely you’d want to receive financial help from your home insurance policy. In fact, water damage is one of the top reasons why most home insurance plan holders make claims.
Unfortunately, home insurance tends to be tricky when it comes to water damage, which is why many people have had negative experiences when claiming insurance benefits for their water damaged house.
The biggest challenge in making a water damage insurance claim lies in determining whether your water damage problem is covered by your policy. But even if you are uncertain about whether your insurance plan will cover your water damage expenses, it is still best to report any water damage incident to your provider.
Water Damage Insurance Reporting
Even in the panic of finding your home flooded, don’t forget to call up your insurance company to report the damage. Ask them about the step by step process they require in making a claim, and you may also ask for some recommendations on which water damage companies you can trust. You are not obliged to heed their advice, but there’s no harm in including the recommended companies in your comparisons when you ask for quotes. If you have had any kind of water intrusion, a proper inspection by a Certified (IICRC) Water Damage Restoration Professional can help detect water intrusion issues early, saving thousands of dollars in repairs costs.
Is Your Home Insured Against Water Damage?
Will My Insurance Cover It? Yes. No. Maybe. The single most confusing element related to water damage is what is and is not covered. Find out what you have, or don’t have, and learn what you need when it comes to water damage and your insurance.
