Water damage insurance claims are one of the most common types of property claims. Water damage can cause some of the biggest financial expenses for insurance companies, which often results in much grief and aggravation for property owners who should be entitled to quick and fair settlements.
The nature of water damage can make the full scope difficult to quantify, resulting in frequently underestimated water damage claims. Our water damage case studies demonstrate our commitment to helping you get the settlement you deserve for any and all associated damage.
Use these insurance claim tips to help your claim stay on track:
One of the most expensive and common categories of homeowner insurance claims is water damage (which includes damage from freezing). According to the Insurance Information Institute, nearly one in 50 homeowners report freezing or water damage each year, making up 29% of all homeowners insurance claims. Freezing or water damage claims generally cost around $11,098. Numerous events, such as frozen pipes, storm damage, and faulty plumbing systems, may result in water damage.
There are occasional exceptions, but most house insurance plans cover water leak damage. Certain situations, such as slow leakage, are expressly not covered by ordinary plans. It's crucial to understand what your insurance coverage does and does not cover if you need to file a claim for water damage.
Premier Public Adjusters can provide you with the benefit of knowledgeable guidance based on years of resolving various technological issues. Our public adjusters assist you in the creation of inventories, estimates, and other factual evidence of damage so that you file claims the correct way, every time. We will take care of all the particulars needed by the provisions of your insurance policies for gathering and submitting claims. Additionally, our public insurance adjuster will speak with the insurance company representatives on your behalf and manage any issues necessary for an accurate and satisfactory adjustment.
Call us at (445) 999-9190 today or contact us online for help filing your homeowner insurance claim. Ever since 2001, our claim adjusters have helped people just like you win fast and fair settlements for water damage claims that were previously underpaid, delayed or denied entirely. We use state-of-the-art moisture mapping and thermal imaging technology to substantiate the full scope of water damage with precise estimates, making for the fastest and most accurate settlements for our clients.
Water Damage Insurance Coverage
While every insurance policy offers varying degrees of water damage coverage, most cover damage where the cause of loss was “sudden and accidental.” This includes water damage from burst pipes, sink or tub overflow, toilet or sewage backups, and water intrusion from breaches in a window or roof.
However, water damage can also appear gradually and quietly, damaging building materials and furnishings with mold or unusual warping. When this happens, most insured people file a water damage insurance claim and expect their coverage to apply.
The reality is that while insurance companies should settle many water damage insurance claims, these claims are often unjustly underpaid or denied. Insurance adjusters can misinterpret the policy language and deny coverage based on allegations that the type of water damaged is not covered under your policy. Always get a second opinion from a trusted public adjuster if your insurance company offers you a low settlement or denies coverage.
If you suspect that your water damage claim has been wrongfully denied, an experienced public adjuster can assess the true and full value of your insurance claim and help you interpret your insurance policy language.
You should absolutely obtain a second opinion if your insurance company has denied your water damage insurance claim due to any of the following:
- “A Very long ongoing leak.”
- “An unrepaired leak.”
- “A preventable maintenance issue.”
- “Failure to mitigate damages.”
- “Failure to maintain heat and electricity to a building resulting in burst or broken pipe.”
- “Failure to drain or properly maintain the sprinkler system.”
- “Failure to have NFIP coverage for a flood insurance claim.”
Don’t Take Chances with Your Claim Settlement
If your water damage claim has been underpaid or denied, you still have options.
If we can pinpoint a valid reason to reopen your water damage claim, our claim adjusters will aggressively and diligently pursue an increased settlement on your behalf, and our 100 percent success rate speaks to why our clients choose us again and again. You don’t pay us unless we win you a larger settlement. It’s that simple. Contact us today to get started.