So, does homeowners insurance cover water damage? As it relates to a burst pipe, the best homeowners insurance policies will generally cover accidental discharge or overflow of water or steam from a heating, plumbing, air conditioning, or automatic sprinkler system. If the burst pipe happened because the pipes are old or there was a lack of maintenance, it’s likely the claim will be denied. Burst pipes are also included if their failure is sudden and unforeseen. If the burst pipe was the result of a sudden and accidental peril, it’s likely to be covered. Examples include windstorms, lightning, fire, vandalism, and theft. Is water damage covered by insurance? It depends homeowners insurance covers perils that are listed in the policy. Read on to learn more about when homeowners insurance covers a burst pipe and when it does not. However, homeowners insurance does not typically cover the replacement of the pipe itself, and it generally won’t cover damage that occurred because of homeowner neglect. It can also cover expenses that occur if the homeowner is required to move out while repairs are being done, such as hotel costs. Since homeowners insurance covers water damage that is sudden and accidental, it will typically cover the damage a burst pipe causes to the home and to personal property. Does homeowners insurance cover pipes that burst and the damage that it would cause?Ī: The answer to your question is that it generally does, but there are exceptions.
I’m a little nervous about the same thing happening in our house because our pipes are quite old. Photo: Q: Our neighbors recently had a pipe burst in their home, and it ruined thousands of dollars worth of their belongings in addition to damaging their property.
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