12700 NE 124th St #9, Kirkland, WA 98034
When it comes to water related damage in your home, finding out the cause of the damage is essential in determining insurance coverage.
Your homeowners insurance provides coverage for sudden and accidental water damage that originated from within your home, such as a pipe burst in the kitchen or bathroom. However, it does not include coverage for damage as a result of either sewer backup or sump pump failure.
Just like its name, water backup coverage protects your home in the event that water backs up from your sewer line, such as water backing up from your toilet due to a clogged sewer line.
In addition to sewer line backup, it provides coverage for water damage as result of sump pump overflow or failure.
First and foremost, this coverage will pay for emergency and temporary repairs to mitigate further damage to your home.
After mitigating the damage, the coverage will reimburse you for:
Keep in mind that the amount of benefits must fall within the coverage limit and that there is typically a deductible for this coverage.
Most insurance companies offer coverage limits ranging from $5,000 to $25,000. This is the amount that insurance companies will reimburse you to cover a loss resulting from a covered water backup claim.
The common deductible for a water backup claim is $500. This is a separate deductible from your standard homeowners policy deductible. Remember, a deductible is the out-of-pocket expense you have to pay before your policy pays out in a claim.
Most insurance companies offer water backup coverage at between $25 to $100 a year, depending on the coverage limit.
For an older home that has aging service lines, water backup coverage is highly recommended, especially given its relatively inexpensive premium.
Every insurance company has its own guidelines for policies. We always recommend talking to your insurance agent to discuss your personal policies in detail. Working with an insurance agent is the best way to make sure you are properly covered.