water damage insurance

Why Water Damage Insurance Is The Most Frequent Insurance Claim


Working with a reliable insurance company is always paramount. Understanding the terms and conditions of each policy is also vital. Common policies include water damage insurance, travel insurance, life insurance, commercial insurance, home insurance and car insurance. Reputable companies provide their clients with essential information before applying for any insurance policy.

Techno-savvy clients always check other customer reviews online before choosing their ideal company. There seems to be increased need for water damage insurance. Both landlords and tenants need this cover due to potential damages that may result from leaks or shoddy plumbing work.

Benefits of having Water Damage Insurance Cover:

Tenant’s Compensation

In a scenario where a client files a claim for compensation due to damages caused by water in a rental apartment, the company can pay for the client to live in another location while the apartment is under repair. The price of the new apartment must be similar to that of the old apartment.

Compensation After House Flooding

Individuals having the cover can be compensated in case of house flooding. However, a person with renter’s insurance needs to purchase a separate policy or add to rider onto the renter’s policy for this type of coverage.

Additional Benefits of Water Damage Insurance

The cover will cater for damaged personal belongings, including wall coverings, carpeting, and new pipes. Cost to repair the rental unit will also be fully paid. It is advisable for every client to ensure that the two types of damages are mentioned in the policy. A reliable policy will provide coverage for most water damage.

No More Need to Rely on the Landlord’s Insurance Cover

The landlord policy may not provide coverage for the damage caused to personal property. The landlord’s insurance will only provide coverage for damage to the building itself.

Tips on how to File a Water Damage Claim

Contacting the insurer as soon as possible.

The complainant needs to file the claim as early as possible in the event of water related damage.

The insurer then sends a staff to assess the extent of the damage. The data collected determines the amount to be paid by the insurer.

Recording the Conversation when Filing the Claim is Crucial

It is vital for the complainant to have tangible evidence that a claim was made. Getting the name and the extension number of the agent is also paramount.

Taking Several Photos Cements the Claim

It is advisable to use a digital camera when taking the pictures in order to indicate the time and the date of the photos. The photos will be a solid proof of the water damage in the home or business. Taking photos is a paramount aspect to consider prior to pursuing any claim.

The Complainant Needs to Know the Deductible

Before making any phone call, the complainant needs to be familiar with the water damage insurance policy. It is vital to note that when premiums are higher, the deductible will be significantly lower. The complainant needs to know every detail about the policy.

Staying Calm is Key when Filing a Claim

The insurer is more likely to compensate a client who is calm, cool, and collected. The quickest way to undermine the efforts to get compensation is to show signs of anger or frustration. Filing a water damage claim needs a detailed account of the extent of the damage.

Working with a Reputable Company is Important

Insurance companies with a proven track record are more likely to provide quality services than new establishments. The customer service, particularly, needs to be customer friendly. Consequently, clients will find it easier to file a claim. They should be willing to provide the clients with all the relevant information in order for them to make an informed decision.

In conclusion, water damage insurance cover is crucial for both landlords and tenants. It is a policy that all homeowners should have. Working with a reliable insurance company will make it easy for the clients to raise a claim. The best water damage policy should cover both personal belongings and the building damages.