Does Home Insurance Cover Burst Pipes
Burst pipes may be covered by your home’s insurance if the damage was unexpected and unintentional. It’s challenging enough to keep a house maintained without having to worry about expensive repairs and damage. While purchasing home insurance would lessen some of that risk, your coverage could not cover certain calamities (events that result in damage).
Do broken pipes get covered by house insurance?
Standard house insurance plans often cover water damage from burst pipes, provided the catastrophe was the result of an unexpected and unintentional occurrence. Your home insurance policy may provide three different forms of coverage if your pipes burst:
Dwelling coverage: This kind of coverage is the major component of your homeowner’s insurance and aids in covering the cost of replacing or making repairs to the home’s physical structure. For instance, your insurance company may cover the cost of repairing the flooring and walls if your pipes burst and caused damage to them.
Property coverage: In the case of a qualifying risk, your possessions, like as furniture and gadgets, are covered under your policy’s personal property coverage. Let’s say that a pipe accidentally breaks, causing harm to your personal items. Depending on your insurance, your insurer may cover personal goods at real cash value or full replacement cost.
Loss of use: Also known as supplementary living expenses, loss of use coverage assists in covering living costs if a covered incident renders you unable to reside in your home. Your insurance provider assists with paying for a hotel and other living expenses while your house is being restored if a broken pipe temporarily renders it uninhabitable.
To find out what kinds of coverage your insurance contains, look at the declaration page. Before any negative occurrences happen, you might wish to schedule a time to speak with your insurer and explain the circumstances that your house insurance covers.