Water damage claims are one of the most common losses plaguing Florida homeowners. According to the Insurance Services Office, water damage claims are the second most frequently filed insurance claims, following wind and hail damage. Not only are water damage claims among the most prevalent, but they are also the trickiest for policyholders to understand. This lack of understanding could lead to miscommunication when turning the claim into your insurance carrier, resulting in a claim denial. The problem lies with identifying whether the water source causing the damage is covered under a Florida homeowners’ policy. For example, damage caused by a flood will not be covered by standard homeowners’ policies. Of course, water damage can be quite costly to repair, and if your insurance company has denied your claim, you can be out thousands of dollars.
The Louis Law Group knows what comes with the destruction of your property, and we want to help with your water damage insurance claims. The Balance states the most common types of claims that may be covered or excluded on a Florida home policy are:
Water damage insurance claims can be quite complex. It would be a wise choice for property owners to consider hiring an experienced and trusted attorney to help bring resolution to their claim. When you purchase a homeowner’s insurance policy, you deserve to get the highest possible compensation from your insurance company when you need them. Our goal at the Louis Law Group is to help our clients get fair and timely settlements from their insurance companies. Our insurance litigators have the skill and claims expertise to fight for your rights as an insured.
If you are suffering from a water damage claim and seem to be at a dead end with your Florida insurance carrier, please contact the Louis Law Group today, call (954) 676-4179. We offer free consultations to help you determine the next course of action. Give us a call, one of our water damage insurance claims attorneys will be happy to speak with you about your situation.
In many states, flood damage is excluded from most standard homeowner’s insurance policies. Usually, you’re required to obtain separate flood coverage through a public entity such as the National Flood Insurance Program or FEMA. Alternatively, you can obtain flood coverage through a local and authorized private carrier. Be sure to check your policy so you understand what it will cover in the event of a flood. It may cover little to no damage, which means you’ll probably need another policy that will.
When the damage is caused by a backed-up drain or sewer or a failed sump pump, most insurance policies will not provide coverage. It’s possible that your plan will include some added endorsements that will allow limited coverage for sewer, sump pump, or drain backups. It’s essential to read your insurance policy carefully to determine the scope of your water damage coverage and whether any exclusions may exist. Another option is to purchase a rider for sewer back-up costs.
Your insurance policy may cover water damage from wind-driven rain or snow and collapsed roofs from ice dams. If it is determined that a covered weather event or condition caused the damage, your policy should cover the costs. If it is determined that the water entered your home because of a corroded or rotten roof or siding, your insurance won’t cover it. It’s best to check with your policy before disaster strikes. Know what your policy covers. If necessary, buy additional coverage from an outside source for added security.