What water damage is covered by insurance?
Water damage can include sudden or accidental damage as a result of water, most commonly from a burst pipe, water overflow, flood or storm. Home insurance providers usually only cover you for sudden and accidental damage; that is, water damage that occurred quickly and unexpectedly.
Does homeowners insurance cover waterproofing?
Typically, full waterproofing systems aren't covered by homeowners insurance. The reason being, the insurance company will view this issue as having been caused by a lack of home maintenance, due to the entry points for groundwater most commonly being cracks and joints in foundation walls and floors.
Is ground water covered by insurance?
Homeowners policies don't cover damage from water entering at or below the surface of the ground. The bottom line is that if water comes into a home at or below ground level, the damage is not covered.
Failed waterproofing membranes. This is quite common and it pays to note that if your damage is due to a failed waterproofing membrane the rectification cost includes stripping the bathroom, reapplying the membrane and reinstalling\supplying bathroom tiles and fittings. The costs will not be covered.
Water damage caused by flooding is not covered by homeowners or renters policies because it is considered a gradual event rather than sudden or accidental. As a rule of thumb, if the water first touches the ground before entering your home, it is considered flood damage.
The truth is, most homeowners policies do not cover “earth movement” events. In fact, they're frequently named as an “excluded peril” — a fancy name for a listed event — that is not insurable.
Standard homeowners insurance policies typically do not include coverage for valuable jewelry, artwork, other collectibles, identity theft protection, or damage caused by an earthquake or a flood. Flooding is another hazard that is typically not covered by standard homeowners insurance policies.
Homeowners insurance will generally cover water damage from rain if it enters your home due to a covered peril, like if a windstorm rips a hole in your attic and rain gets in. But a standard policy won't cover flooding.