Think Your Homeowners Insurance Will Cover Melting Snow? Think Again…
Posted by LPL Risk Management on
If you think your homeowner’s insurance policy will cover damage caused by melting snow, think again — most problems caused by melting snow, fall outside the coverage of standard homeowner’s insurance policies.
Water seeping into the foundation, roof leaks caused by faulty gutters overrun with snow melt, basements flooded by snow runoff — these are all problems that can result from melting snow, and problems that most standard homeowner’s insurance generally won’t cover. That’s why it’s important to review your current policy with our office today.
Flood insurance covers nearly every type of problem caused by water outside the home, be it from an overrun river, a stopped-up storm drain and even melting snow. However, the extent of what flood insurance will cover when it comes to any water-related damage is limited. Most flood insurance policies do not, for instance, cover the contents of a basement. While the structure itself is covered, and larger items like appliances, personal items are not typically covered.
Most flood insurance policies require a 30-day waiting period before the coverage becomes effective. Exceptions are only made for a few specific circumstances such as if you have purchased a new home and the closing is in less than 30 days.
Flood policies provide coverage for:
Flood damage to your home’s structure as well as items like your furnace and water heater
Flood damage to your furniture, rugs, appliances, and clothing (with limitations for basement areas)
Expenses you incur to protect your home against imminent flood damage by sandbagging or other measures
Clean-up costs for covered items after a flood, including debris removal
To check what’s covered under your current homeowners or renters policy please give us a call today. We’ll discuss with you your options for flood insurance regarding your individual circumstance 631-676-7020.