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Water Damage Clause

What is 'Water Damage Clause'

A clause in a property-casualty insurance contract. A water damage clause states that the insured is covered for water damage that occurs for specific reasons, such as frozen pipes or sewer backup. Water damage clauses are therefore usually included in most homeowners and renters' policies.

Explaining 'Water Damage Clause'

Water damage can be quite expensive to fix. For this reason, most homeowners and renters are willing to pay a higher price for a policy that includes this coverage. However, water damage clauses usually exclude damage from floods, for which a separate rider or policy must be purchased.


Further Reading


Risk allocation in public-private partnership water supply projects in Ghana
www.tandfonline.com [PDF]
… When insurance adjustors and damage experts assessed properties damaged by the 2005 hurricanes, they were faced with the issue of allocating damages between wind … has been to litigate with their insurers, seeking to declare the “water damage exclusion” clause …

A financial economic theory of punitive damagesA financial economic theory of punitive damages
heinonline.org [PDF]
… When insurance adjustors and damage experts assessed properties damaged by the 2005 hurricanes, they were faced with the issue of allocating damages between wind … has been to litigate with their insurers, seeking to declare the “water damage exclusion” clause …

The cost of noncompliance: The economic value of water in the Middle Arkansas River ValleyThe cost of noncompliance: The economic value of water in the Middle Arkansas River Valley
www.jstor.org [PDF]
… When insurance adjustors and damage experts assessed properties damaged by the 2005 hurricanes, they were faced with the issue of allocating damages between wind … has been to litigate with their insurers, seeking to declare the “water damage exclusion” clause …

Assessing side-payment and cost-sharing patterns in international water agreements: The geographic and economic connectionAssessing side-payment and cost-sharing patterns in international water agreements: The geographic and economic connection
www.sciencedirect.com [PDF]
… When insurance adjustors and damage experts assessed properties damaged by the 2005 hurricanes, they were faced with the issue of allocating damages between wind … has been to litigate with their insurers, seeking to declare the “water damage exclusion” clause …

The Unconscionability of a Liquidated Damage Clause: A Practical Application of Behavioral Decision TheoryThe Unconscionability of a Liquidated Damage Clause: A Practical Application of Behavioral Decision Theory
heinonline.org [PDF]
… When insurance adjustors and damage experts assessed properties damaged by the 2005 hurricanes, they were faced with the issue of allocating damages between wind … has been to litigate with their insurers, seeking to declare the “water damage exclusion” clause …

The principle of full cost recovery in the EU-water framework directive—genesis and contentThe principle of full cost recovery in the EU-water framework directive—genesis and content
academic.oup.com [PDF]
… When insurance adjustors and damage experts assessed properties damaged by the 2005 hurricanes, they were faced with the issue of allocating damages between wind … has been to litigate with their insurers, seeking to declare the “water damage exclusion” clause …

State constitutional limitations on public industrial financing: an historical and economic approachState constitutional limitations on public industrial financing: an historical and economic approach
heinonline.org [PDF]
… When insurance adjustors and damage experts assessed properties damaged by the 2005 hurricanes, they were faced with the issue of allocating damages between wind … has been to litigate with their insurers, seeking to declare the “water damage exclusion” clause …

Reforming water allocation policy through markets in tradable water rights: lessons from Chile, Mexico, and CaliforniaReforming water allocation policy through markets in tradable water rights: lessons from Chile, Mexico, and California
www.jstor.org [PDF]
… When insurance adjustors and damage experts assessed properties damaged by the 2005 hurricanes, they were faced with the issue of allocating damages between wind … has been to litigate with their insurers, seeking to declare the “water damage exclusion” clause …



Q&A About Water Damage Clause


What is a water damage clause?

A water damage clause is a clause in a property-casualty insurance contract.

How much more are people willing to pay for this coverage?

People are willing to pay more than they would otherwise for the same amount of coverage without this type of coverage.

What does the water damage clause state?

The water damage clause states that the insured is covered for water damage that occurs for specific reasons, such as frozen pipes or sewer backup.

Why do most homeowners and renters want to have this coverage?

Homeowners and renters want to have this coverage because it can be quite expensive to fix.

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