Guide to Common Water Damage Insurance Claims

Here is an excerpt from a new blog post at GreggMarcus.com:

Water is one of the most common claims that can be reported by the insured on a homeowner’s insurance policy. Water damage can come as a result of a rainstorm, sewage backup, plumbing leaks or other causes. In this post, Long Island Insurance Executive, Gregg S. Marcus, discusses common water damage insurance claims and misconceptions.

Homeowners typically think that regardless of the reason, any water damage to their property will be covered. It is important to understand that this may not be the case do to the fact that the water damage peril specifically covers losses that are Sudden and Incidental. This means the damage or loss must have occurred and been reported to the company in a relatively short amount of time. For example, you smell something musty under your sink and upon further inspection; you discover that there is a leak from a broken pipe. Discoloration of the walls, soggy or spongy wood will typically signal that this leak has been occurring for some time.

To read this post in it's entirety, click here to visit the Gregg Marcus official website.