Basement leaks are no fun to deal with. However, with the right insurance policy in place, you might not have to take on the financial burden of repairs alone. While different insurance companies have different policies, most will be able to protect you from some degree of water damage, should your basement start to leak.
What leak symptoms, though, should you be on the lookout for, and how can you be certain that your insurance company will protect you?
Contrary to popular belief, most basements don’t start leaking after one rainstorm or one natural disaster. While it’s true that severe flooding can weaken your basement, it’s more often several small events that cause the perimeter of your home to fracture.
Why is this the case? You can blame it all on hydrostatic pressure. This kind of pressure builds up when water comes into contact with your basement’s support structures. As the water gathers, the molecules in your support structures will expand and contract in response to the sudden change in temperature the water brings on. Those expansions and contractions can eventually cause your support structures to crack. This means that water will have an easier time getting into your home and that more cracks – not to mention leaks – may be on the way.
That said, there are other reasons your basement may begin to leak. These include:
Homeowner’s insurance is a boon when it comes to the leaks that appear in your basement. While your policy might not cover every type of leak, there are several that insurance providers consider claim-worthy.
Some of the leaks you’ll likely be able to file a claim over include:
Ready for even more good news? Most insurance providers recommend that you work with the company that sold you an appliance if said appliance caused your leak and is within its warranty. If the appliance in question is no longer within its warranty, however, you can talk to your insurance company’s representative to secure a replacement and to have your home repairs covered by your policy.
Unfortunately, your insurance company is less likely to cover water damage that’s been caused by a natural event. While coverage will differ from person to person, it’s unlikely that companies will honor your claim if you have any of the following:
Even though there are some types of damage your homeowner’s insurance won’t cover, you should always talk to a professional operating in your area if you’re dealing with water damage. The faster you act, the more money you’ll save on basement waterproofing repairs, and the sooner you’ll be able to take back your home.
Get in touch with a professional basement repair contractor ASAP for a free inspection and repair quote on potential services.