Imagine coming home from a long day at work to see that your carpet is completely soaked and your home reeks of sewage. It can happen and has for many of homeowners. Do you know what your next step would be or an even better question is, would you have adequate coverage for the damage that has just been caused to your home? The cost of ensuring that you have protection against such a loss is minimal in comparison to the peace of mind you will gain from knowing that you are covered if such an event arises. Water damage can happen in the blink of an eye, and most times cannot be prevented. Make sure that you are prepared for the unexpected.
For many homeowners the answer to that question is no, unfortunately many people do not carry what is known as Water Back Up and Sump Overflow Coverage. Water Back up and Sump Overflow is an endorsement that can be added to your policy to protect you from loss resulting from water which backs up through sewers or drains or which overflows from the sump. Most companies offer $5k in liability coverage and the estimated premium for adding this coverage is $25 for the year.
Most people fee l that if they have a newer home that this coverage is not needed but that is not the case as water damage can happen anytime. Water pressure in pipes, a clogged septic tank or just a loose screw can cause water to backup into your home.Continue Reading