When it comes to the care and keeping of your home, you want to make sure that you can afford the repairs that keep it livable. What are you supposed to do, though, if your basement starts to leak?
The good news is that there are some leaks homeowner’s insurance should cover. Let’s dive into the details so you can see what’ll be covered, what won’t be, and whether or not you can save money on your next repair job.
Your basement can start leaking for a number of reasons. Most leaks, however, lead back to one culprit: hydrostatic pressure. Hydrostatic pressure builds up in your home when water can readily access your structural supports. Water and moisture make it more difficult for your supports to stay at a consistent temperature. After their exposure, they’ll expand and contract on a molecular level in response to the rapid changes.
If you leave your supports unprotected for too long, those rapid expansions and contractors can cause your basement walls or floor to crack. With that crack comes more opportunity for water to damage your home.
That said, there are other reasons your basement may begin to leak. These include:
Insurance providers like nothing better than predictability. When it comes to leaks, it’s difficult to know when something’s at risk and when it’s working as it should. To mitigate their risks, however, most insurance providers limit their coverage to the following types of leaks.
When it comes to appliance-based leaks, insurance can get tricky. If the appliance that’s caused the leak is still under warranty, most insurance providers will want you to consult the manufacturer to see if you can get a replacement and financial compensation. However, if the appliance’s warranty has expired, most providers should be able to cover your damages and have your appliance replaced as well.
All that said, there are some leaks that insurance providers may not cover. As you might have guessed, insurance companies prefer to work within predictable boundaries. While each company’s policies will vary, there are some leak claims that are consistently denied. More often than not, these claims involve leaks caused by natural disasters or weather-related events.
If you have any of the following leaks, you may have a difficult time getting your insurance company to provide you with the financial support you need:
If you’re looking to save money on eventual repairs but don’t think your insurance company will honor your claim, consider investing in waterproofing solutions before your basement starts to leak. For a free inspection and repair estimate, or to learn more about potential repairs, get in touch with the professional basement repair contractors operating in your area.
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