Does Home Insurance Cover a Flooded Basement?
Most homeowners assume that their home insurance policy would provide adequate coverage for any flooding or water damage. Basement flooding due to a broken appliance, freezing pipe burst, and leaking water heater is generally covered under a policy. However, it helps to know that there are a few types of home flooding that are not included in a typical home insurance policy. Similarly, although homeowner’s insurance plans offer coverage for basement flooding in some circumstances, it mostly depends on the source of the damage.
This is why, as a homeowner, it is in your best interest to take any preventive measures by hiring the professionals to ensure that you understand the terms of your policy correctly and choose the right one that meets your needs.