Most policies don’t come with backup of sewer and drains coverage. It’s true. Do you have this coverage? How much do you have?
According to the Insurance Information Institute – most homeowner and business insurance policies do not cover sewer backup unless specific sewer backup coverage is added to the policy.
Tim Peddycoart – home insurance specialist for the Insurance Specialists Team says to “Check and find out if you have this important coverage on you policy and how much insurance coverage you have available. It’s inexpensive coverage and always seems like a bargain after a loss”
If you have a backup and water damage in your condo or home it can be a big and an expensive mess. It’s a common loss and most policies don’t include coverage for it or don’t provide not enough coverage. You can usually add more coverage to better address your need with an endorsement. Some basements and lower levels are fully finished and/or store valuables. The cost to replace or restore is often not considered – until it’s too late.
This coverage is needed on condos and townhomes too. The shared pipes can backup and damage connected units and dwellings below. The master policy likely does not cover this peril.
The cost to add backup of sewer and drain coverage is approximately $20 to $50 a year. Thomas McAlpine from 24 restore reports “The average loss from water damage is $10,000.”
Check the video below for the truth about water damage. What can be saved? What should you do first? What is the minimum amount of coverage one should include? What does it cost?
For more information on home insurance call the Minneapolis home Insurance Specialists Team 612.460.7796 get an online quote or start up an online chat.
What to do if you Experience a Sewer Backup
A sewer backup can lead to disease, destruction of your valuables, damage to your house or business, and can even result in electrical malfunctions. Prompt cleanup of the affected property can help minimize the inconvenience and prevent mold and further damage. In the event of sewer backup, turn the water off and immediately arrange for the cleanup of your property. This should include:
•Wet-vacuuming or removing spillage
•Mopping floors and wiping walls with soap and disinfectant
•Flushing out and disinfecting plumbing fixtures
•Steam cleaning or removing wet carpets or drapes
•Repairing or removing damaged wallboard or wall covering
•Cleanup of ductwork
Homeowners and business insurance do not cover flood damage: Only flood insurance will cover your losses in the event of a flood.