Does Homeowner’s Insurance Cover Basement Flooding?
If your basement gets flooded and you’re now wondering if your Greensboro homeowners insurance policy covers the damage done, you may be disappointed to learn that in many cases you’re standard policy may not provide the coverage you need. On the other hand, sometimes a flooded basement will be covered by your standard Greensboro homeowners policy. The determining factor will depend on the cause of the flooding.
There are a number of reasons flooding can occur in your basement. Basically, basement flooding resulting from natural causes will not be covered under a standard homeowner’s insurance policy. This includes storm surges or heavy rains that causes water to rise in the below-ground areas of your home. In order to be covered for these conditions, you must have taken out specialized flood insurance.
This coverage is offered by the National Flood Insurance Program (NFIP), which falls under the auspices of FEMA, the Federal Emergency Management Agency. This insurance, however, isn’t purchased directly from the government, but through a regular insurance agent or broker. You may also opt to buy flood insurance from a private market flood insurance provider.
Other Times Water in Your Basement Won’t Be Covered by Standard Homeowner’s Insurance
A great way to alleviate the problem of water flooding your basement is to install a sump pump. These devices are designed to pump out any water accumulating in your basement, no matter what the cause. This is usually the most affordable and convenient means for dealing with potential basement flooding.
Other causes for basement flooding not covered by your standard Greensboro homeowners insurance policy include seeping ground water coming through your foundation and into your basement space and sewage backup caused by anything other than a peril already covered in your policy such as a lightning strikes, explosions or vandalism.
When Basement Flooding IS Covered
Basement flooding caused by malfunctioning appliances such as hot water heaters, air conditioning units or refrigerator/freezers located in your basement are typically covered by your standard homeowner’s insurance policy. A claim could be denied, however, if your insurer determines that the cause of the malfunction is due to neglect or a lack of proper maintenance on your part.
Other covered water emergency damages include freezing pipes that burst, as long as the home was being maintained when heat or the water was turned off. Overflowing bathtubs, sinks or pools should also be covered.