Exclusions of a Policy: Sump Pumps, Sewer Backup, FloodMay 30, 2013
One thing we can count on in Iowa is the unpredictable weather. This spring is a time for rain and vegetation growth, making the condition of your home of utmost importance. Home and business owners are responsible for the maintenance of their property, including the sewer system. Most homeowner and business insurance policies do not cover sewer backup, flood and seepage. To alleviate the worry of dealing with flood or sewer backup damage and expenses, our companies suggest that you consider adding or endorsing coverage.
The best way to protect your basement from flooding is to pay attention to how your home interacts with the environment.
How Does a Sump Pump Work?
What if Your Sump Pump Stops Working?
The property owner is responsible for maintaining the sewer system on the property. A damaged or blocked sewer line can allow groundwater to seep into the system, contributing to the possible sewer backup problems.
+Adding or Endorsing Sump Pump, Sewer Backup Coverage
These additions and endorsements would insure and pay up to the limit of liability for direct physical loss to property caused by water, or water-borne material, which backed up due to sewers or drains. Our companies suggest obtaining a level of coverage suitable to your basement environment. For example, start with low-coverage for an unfinished basement and increase coverage gradually until you’re comfortable with the amount of coverage for your fully finished and furnished basement.
This coverage does not apply to any loss which is caused by the negligence of an insured, or which is the direct or indirect result of flood.
+Adding or Endorsing Flood Insurance
+ Read it, Know it, Weigh Risks
One of the most important things about insurance is to understand your policy. Jones Insurance & Associates can help you plan what is best for your family. Some sections of your policy could say something like, “This coverage is additional insurance.” If you feel that you are at a high-risk for certain damages—such as those big, old, heavy trees blowing around and possibly damaging structures—contact your insurance agent.
Jones Insurance & Associates can also help you interpret technicalities, such as coverage under, “Accidental discharge or overflow of water or steam,” which later goes on to say that this does not include sump pumps, gutters and downspouts.
Keep in mind that the coverage described in your policy only applies when loss or costs are avoided by the homeowner by using reasonable means to save the property from further damage. The loss or costs cannot be caused by the negligence of an insured homeowner.If you are interested in preventing the above situations in which you could find damages to your home that are not covered by your current policy, contact Jones Insurance & Associates today.
Author: Jones Insurance and Associates
May 30, 2013
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