Accidents happen around the home. Unfortunately, some result in medium to excessive damage that a homeowner may have difficulty paying. Typically, home insurance covers these issues. However, does it handle issues related to water damage in a Milwaukee, WI property?

Sudden and Accidental

According to Dern & Company, home policies cover water damage if it’s sudden and accidental. For instance, your water heater ruptures and drenches the basement drywall or a leaking upstairs water pipe could cause the ceiling to collapse. As a result, it damages the lower floor’s surfaces. 

The coverage amount depends on a few factors. One is the liability amounts selected when you purchased the home policy. Another is the estimated cost provided by the insurance adjuster. 

Flood Damage

On the one hand, flood damage is covered by your home policy if it’s the result of the aforementioned broken pipes or water heater. On the other hand, flooding due to natural disasters isn’t covered. Thus, you wouldn’t be protected if a nearby stream or river overflowed its banks. 

A separate flood policy is required to cover these damages to a Milwaukee, WI home. It isn’t mandatory if your property doesn’t reside near a flood plain. Conversely, mortgage companies won’t finance a flood-prone home if the buyer doesn’t purchase a related insurance policy.

There’s a lot to decipher to determine your needs. So, it’s best to reach out to a subject matter expert in the insurance field to get the correct answers. Not only can they tell you if you have the needed insurance, but they will also check if you require a flood policy.

If you need assistance, contact the representatives at Dern & Company to get started.