Insurance
Dec. 29, 2012
Devil is in the details: water damage
So just what does your typical homeowner's insurance policy cover for such losses? As a recent case explained, the answer depends on the wording of the insurance policy and the exact way in which the loss happened. By Mark Marnell
If you own or rent a home, you will probably experience some kind of property damage caused by water. Water leaks from pressurized pipes, either in the walls or below the slab, are often the subject of insurance claims. Water can also "back up" and/or escape from a sink or drain. Sometimes the backup is system wide, where water backs up from sewer mains or from overburdened storm drains, and enters everyone's home on the block...
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