There are different types of water damage and depending on the type may not be covered.Typical insurance policies provide coverage for burst pipes, wind-driven rain, damage resulting from ice dams on your roof, and burst sprinklers.A majority of insurance policies exclude sewer and drain backups, but you can purchase an endorsement to cover such events.Water that comes from a body of water is covered by flood insurance policies, which can be purchased from the federal government’s National Flood Insurance Program (NFIP), and some private insurers if you live in a flood zone.
Water damage can be devastating for a home or business. The average water loss can be $10,000 per claim. Water damage and freezing is the second most-frequent claim filed. About 1 in 45 homes files a property damage claim caused by water damage or freezing burst pipe each year. It is more likely your home will be damaged by water than any other peril and water damage is 7x more common than fire.
There are two types of common plumbing failures. The first is frozen pipes, which can burst due to a buildup in water pressure caused by freezing. These account for 20% of all plumbing supply system claims. The most common type of failure occurs when the plumbing supply system material fails and results in a leaking or burst pipe.
Plumbing supply system failures are the top reason for water damage claims, with higher losses in dollar terms per incident. Most are caused by a failure of the plumbing supply system material, and only a small percentage caused by frozen burst pipes. Drain system failures and sewer backups in finished basements were a significant source of claims as well.
Toilet failures were the second-leading cause of water damage. Usually, from the water supply line or a toilet backup. Water heaters failing, dishwashers, and washing machine supply lines were other sources of damage.
Plumbing companies whether Pittsburgh plumbing or Erie plumbing both have older buildings and you should have your local plumbing company inspect your water systems for potential leaks or burst pipes. You should keep your favorite plumber’s contact info handy in case a plumbing emergency occurs. It is a good idea that the entire family knows where the main water line shut off is located and that it’s accessible.Public Insurance Claims Adjusters review and interpret the insurance policy to determine covered and uncovered items, to negotiate with the insurance company to a final and fair settlement. General Contractors including “insurance restoration contractors” do not have the experience and licensing required to deal with insurance companies. Watch out for unlicensed activity as contractors are not able to represent an insured or negotiate with the insurer by law, with harsh punishments to the extent of serious jail time and thousands of dollars in fines. By working with water damage restoration companies on insurance claims, we can obtain beneficial outcomes for the insured. In our partnership, each uses their unique skill set to recover the maximum possible compensation for the insured.Water damage to a home or business can be devastating especially when it is not cleaned properly. We’ll bring in the experts who work for you and not the insurance company to assess your water damage whether it be from a water backup in the basement, burst pipe, flood, or other water damage. You must prevent further damage from happening according to your policy. So, it is essential to start water mitigation immediately!Businesses need to start documenting their business interruption and gather their financials to file a claim for business income loss or business interruption.Homeowners may want to get a fair rental value of their property to determine their additional living expenses during the restoration period.Disaster Recovery Adjusters can help you calculate and document these damages to expedite the recovery process!
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