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Water Damage Insurance

What is 'Water Damage Insurance '

A type of protection provided in most homeowners insurance policies against sudden and accidental water damage. Water damage insurance does not cover damage resulting from homeowner's negligence or failure to maintain home repairs. Moreover, flooding usually requires a separate policy if available.

Explaining 'Water Damage Insurance '

As water damage insurance does not cover negligence, many types of water damage to real property can and should be avoided through proper maintenance. This can be anything like watching out for drippage from the ceiling during a rainstorm or a fixing a leaky pipe under the kitchen sink before mold becomes prevalent.


Further Reading


Mitigating disaster losses through insurance
link.springer.com [PDF]
… conducted in Texas following a major flood in 1989 revealed that 79% of the owners of damaged properties required to … 3. The standard Homeowners Policy and Commercial Program will not pay for loss or damage caused directly or indirectly by earthquakes or water …

Stimulating flood damage mitigation through insurance: an assessment of the French CatNat systemStimulating flood damage mitigation through insurance: an assessment of the French CatNat system
www.tandfonline.com [PDF]
… conducted in Texas following a major flood in 1989 revealed that 79% of the owners of damaged properties required to … 3. The standard Homeowners Policy and Commercial Program will not pay for loss or damage caused directly or indirectly by earthquakes or water …

Mitigation and financial risk management for natural hazardsMitigation and financial risk management for natural hazards
link.springer.com [PDF]
… conducted in Texas following a major flood in 1989 revealed that 79% of the owners of damaged properties required to … 3. The standard Homeowners Policy and Commercial Program will not pay for loss or damage caused directly or indirectly by earthquakes or water …

Dependence modeling in non-life insurance using the Bernstein copulaDependence modeling in non-life insurance using the Bernstein copula
www.sciencedirect.com [PDF]
… conducted in Texas following a major flood in 1989 revealed that 79% of the owners of damaged properties required to … 3. The standard Homeowners Policy and Commercial Program will not pay for loss or damage caused directly or indirectly by earthquakes or water …

Financing coastal resilience by combining nature-based risk reduction with insuranceFinancing coastal resilience by combining nature-based risk reduction with insurance
www.sciencedirect.com [PDF]
… conducted in Texas following a major flood in 1989 revealed that 79% of the owners of damaged properties required to … 3. The standard Homeowners Policy and Commercial Program will not pay for loss or damage caused directly or indirectly by earthquakes or water …

Public relief and insurance for residential flood losses in Canada: Current status and commentaryPublic relief and insurance for residential flood losses in Canada: Current status and commentary
www.tandfonline.com [PDF]
… conducted in Texas following a major flood in 1989 revealed that 79% of the owners of damaged properties required to … 3. The standard Homeowners Policy and Commercial Program will not pay for loss or damage caused directly or indirectly by earthquakes or water …

Market pricing of political risk: Evidence from the property-liability insurance industryMarket pricing of political risk: Evidence from the property-liability insurance industry
www.jstor.org [PDF]
… conducted in Texas following a major flood in 1989 revealed that 79% of the owners of damaged properties required to … 3. The standard Homeowners Policy and Commercial Program will not pay for loss or damage caused directly or indirectly by earthquakes or water …

Emerging trends and future pathways: A commentary on the present state and future of residential flood insurance in CanadaEmerging trends and future pathways: A commentary on the present state and future of residential flood insurance in Canada
www.tandfonline.com [PDF]
… conducted in Texas following a major flood in 1989 revealed that 79% of the owners of damaged properties required to … 3. The standard Homeowners Policy and Commercial Program will not pay for loss or damage caused directly or indirectly by earthquakes or water …


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