Is a Flooded Basement Covered by Homeowners Insurance?

Is a Flooded Basement Covered by Homeowners Insurance?

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Is a Flooded Basement Covered by Homeowners Insurance?

Is a flooded basement covered by homeowners insurance?

The short answer: Probably not.

It’s incredibly important to maintain your sump pump (or at least know how it works) if you have one – and here’s what you need to know about insuring your property against flooding.

Is a Flooded Basement Covered by Homeowners Insurance?

With heavy rains in some parts of the country – Michigan included – lots of people are wondering if their homeowners insurance policies will cover flooding. A standard policy doesn’t usually cover flooding; you’ll have to purchase a separate policy for that.

The insurance industry’s rule of thumb is water that comes from the top down, like ice dams, is generally covered by a standard policy. Water that comes from the bottom up, such as what happens with flooding, is usually not covered.

A lot of people mistakenly believe that if they don’t live in a flood zone, they don’t need flood insurance. That’s a mistake because in an average year, about a third of all claims that the National Flood Insurance Program pays out are for policies in low-risk communities.

Do You Have Questions About Flood Damage?

We provide several damage restoration services, including fire, smoke and soot restoration services, as well as water damage restoration services in Ann Arbor and all the surrounding communities that can help you and your family get back on track.

Call us at 734-352-9183 or get in touch with us online today.

 

 

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