How Do I Know if I Have Water Coverage on My Policy?

Water damage is one of the most expensive claims you can make against your homeowner’s insurance policy, short of a total loss of your home. In New York, homeowner’s insurance policies do not cover flooding. However, some types of water damage may be covered by certain insurance policies. To be sure, however, review your policy or call your insurer.

Examples of water damages that may be covered by your homeowner’s insurance policy include burst water pipes, leaking appliances and rain leaks into your home from a damaged roof. It is important to keep in mind, however, that although the water damage to your home from these types of events may be covered by insurance, the actual repairs to the cause of the water damage may not be. For example, if your insurer determines that you failed to properly maintain your roof, which led to a water leak, you may have to pay for roof repairs yourself, while your insurer may pay for the water damage to the structure and contents of your home.

If you need flood insurance – particularly if you live in the New York coastal region or in a flood plain, you’ll need to purchase flood insurance from the National Flood Insurance Program. If you live in one of the more than 1,400 New York communities participating in the program, you can purchase the insurance through private and independent insurance agents. Premiums vary based on coverage amounts and your risk probability. Flood insurance will pay for home repairs and replacement of your home’s contents if your house is damaged by flash flooding due to weather or the overflow of a nearby body of water.

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