A pierced pipeThere are several possible reasons for your home sustaining water damage. Natural disasters, such as torrential rains, typhoons, and storms, are some of them. However, your standard home insurance policy most likely won’t cover damages due to this phenomenon, as you’d have to have a separate flood insurance policy.

As such, knowing more about your coverage, especially making a water damage insurance claim, will help you make certain your home and its contents receive adequate protection.

Water damage facts and statistics

Of all the insurance claims filed in the country, those for water damage ranks the second in number. This type of property damage also accounts for one of the biggest causes of losses; in 2015 alone, it made up 45.1% of the total homeowner's insurance losses.

One of the primary reasons behind the major losses brought about by water damage is because a single crack measuring just 1/8 of an inch can already allow 250 gallons of water to leak on a daily basis. If this little damage can let so much water out, can you imagine what a hole with a 1-inch dimension can do? It can quickly and drastically increase your potential losses. What’s more, leaving your home water-damaged and its contents damp will result in mold development, which can spread all throughout your property in as little as 24 hours.

Contacting your insurer right away

Whether or not your insurer will cover the damages left by water will depend on what caused it in the first place. It’s for this reason you should review your policy regularly, and in the event, you do suffer from water damage, contact your insurance provider right away. And to help you increase your chances of receiving fair coverage, you should also consider enlisting the help of a water damage insurance adjuster.

READ  3 Mistakes to Avoid when Applying for VA Loans

The last thing you want is for your home rendered unlivable by water damage, so take the necessary precautions and create a to-do list that will help you recover your losses following a disaster.