Insurance gives you peace of mind when sudden accidents occur in your home. Homeowners can get insurance that covers water damage starting from their roof, down to their floors. Having insurance can be a luxury, or in some cases, a requirement. People insure their hardwood floors in case of sudden and accidental damage. Keep reading to find out what types of insurances are available to homeowners and which ones cover damages to your hardwood floors.
Homeowners Insurance
Homeowners insurance can be a saving grace when unfortunate circumstances arise. All State Insurance defines homeowners insurance as, “made up of coverages that may help pay to repair or replace your home and belongings if they are damaged by certain perils such as fire or theft.” This insurance also applies to your personal property, structures on your property, and liability. However, homeowners should be aware of what their insurance actually covers.
Insurance policies can be very complex. You want to know that you have the appropriate coverage. According to a post from the Insurance Information Institute, homeowners insurance covers water damage that results from rainfall or accidental leaks from pipes and appliances. Most insurance policies reject claims when the cause of the damage is neglected. For example, if mold grows in your hardwood floors because you’ve neglected to fix your leaking fridge, your claim may be dismissed. A common misconception is that homeowner’s insurance covers flooding. However, water damage that comes from flooding requires its own type of insurance.
Flood Insurance
Flood insurance can be a savior for anyone living in an area that is susceptible to flooding. However, people who are at little to no risk can still be affected by flooding. According to the National Flood Insurance Program, 20 percent of flooding occurs in areas that have low to moderate risk. When hardwood floors are subject to flooding, it’s very likely that you’ll have to replace them. Homeowners are often surprised when they find out that homeowners insurance doesn’t often cover flooding from natural causes. Having the right insurance will ultimately ease the headache of paying for your floors when they need to be replaced.
What Insurance Will Cover Water Damage to Hardwood Floors?
Having insurance that covers water damage to your hardwood floors is an essential resource for homeowners. When excessive water damage is unresolved, it becomes an everlasting problem. Your best bet as a homeowner is to have coverage for damage caused naturally and accidentally. My Affordable Floors specializes in hardwood, tiles, laminates and more flooring options to explore. Contact our team today for more information.
