Water damage doesn’t always cover everything water-related. Trust us, we know how odd that sounds. Due to the discrepancies between preventable accidents and natural disasters, many insurance companies will categorize various types of water damage into separate policies. This guide will help you better understand the types of water damage that may (or may not) be covered in your insurance policy.
Don’t let yourself be dead in the water. If you need help filing a claim or need a policy review to make sure you’re getting the right kind of coverage, Altieri Insurance Consultants Orlando is the partner property owners rely on!
The Common Misunderstanding Behind “Water” Damage Claims
Water is water, right? This is what many property owners in Orlando think when they sign onto an insurance policy, only to find out when they’re already knee-deep that things aren’t that clear-cut. In fact, one of the most common reasons insurance claims are rejected is that the policyholder doesn’t have the right type of coverage for their water damage. Burst pipes are preventable, while floods are a natural occurrence. While all you see is water, insurance companies see two very different types of liabilities.
Here Is What Water Damage Insurance Actually Covers:
Your typical water damage insurance policy covers the preventable kind. Leaks, overflows, burst pipes, and most other occurrences that lie in wait from within the building until pushed over the edge. Because these instances can be prevented, this type of property damage is usually covered in your average water-related insurance policy.
Side effects of internal water damage include:
- Mold or mildew growth
- Weakened structures
- Electrical hazards
- Fire hazards
- Damaged valuables
- Persistent leaks
Whether it be due to manufacturing errors or faults in the installation process, burst pipes are common in Orlando properties. At Altieri Insurance Consultants Orlando, our team of public adjusters specializes in burst pipe insurance claims to help you get the correct amount for your settlement.
What You Might Not Be Getting In Your Property Insurance Coverage
A crucial mistake that many property owners in Orlando make is getting water damage insurance and thinking that their policy includes natural floods. While it’s not uncommon for floods to taint Florida properties without warning, that’s precisely why many insurance companies count them separately. Altieri Insurance Consultants offers flood damage claims services to hold your hand through the unexpected.
Other types of water damage that may not be covered by your insurer are those that occur from pure neglect on behalf of the property owner or contractor. If a property owner chooses to bypass routine maintenance, which would bring issues to light before they can become worse, then they are considered at fault and may be denied coverage. Likewise, contractors can be the ones to blame for faulty installation.
Don’t think about what you could have done. Act now and make sure you’re prepared for the worst to come.
Read more > Critical Insurance Coverages Homeowners In High-Risk Areas Need
How Can You Be Prepared For Anything? Trust In Your Local Public Adjusters
Proactive measures are key to getting through tough times in Orlando. Our team of public adjusters can look through your policy and make suggestions on adjustments for better coverage. Schedule your policy review today! The next disaster won’t wait for you.
Altieri Insurance Consultants Is the Partner Property Owners Rely On In Orlando
When water damage hits your property, Altieri Insurance Consultants Orlando is here to help you get your life back. Our team of public adjusters can review your policy and help you file your next water damage claim. Sit back and let the currents take you, or drop anchor and fight for your property’s recovery. We’re waiting for your orders!
