Insurance is a contract whereby one party (the insurer) agrees; by charging money (premium) to the policyholder to compensate the other party (the insured or the beneficiary) if the event occurs whose risk is hedged (loss).
A home insurance is one type of contract of insurance is to cover damages that occur in a home and/or their furniture and arising from any unforeseen covering risks as diverse as a fire, domestic accidents requiring medical care, liability of housing or its inhabitants, or a broken pipe.
Typical home insurance exclusions for water damage
Home insurance that insurers sell us are called to cover damage that may occur in a dwelling (mainland) and/or its contents (set of goods and personal property is inside the house) by any unforeseen covering risks all types.
In general, the less secure it a home (without bars, houses isolated in the field etc.), the greater it’s surface, the oldest building and the greater the value and the insured property inside (content), the greater the periodic premium to pay.
Among the main causes of loss in a home they include theft, fire and water damage result of accidental leaks, breaks or jams:
- of custodial water pipes (the inside of our house)
- of electric heaters or fixed deposits,
- of aquariums and other fixed facilities ornament and/or decoration,
- of the heating,
- of air conditioning,
- of household appliances connected to the network of water supply and drainage (showers, toilets and bidets).
This is what is included, but insurers, meanwhile, slip us “brashly” a number of exceptions and exclusions that many times, when the incident occurs and threw home insurance, we learned that when we do not cover no water damage.
Here is a list of the most controversial exclusions that you can find in home insurance today regarding water damage.
- Exclusion of damages that originate in public channels.
- Exclusion of water damage if the apartment is rented to a third party and had not reported to the insurer to the apartment was rent.
- Exclusion of water damage if the pipes are seen.
- Exclusion of water damage coverage, although one has forgotten to close a faucet when the insured property has been empty for more than 72 consecutive hours.
- Exclusion of damages for leaks that may have occurred through ceilings, walls and/or walls from adjacent houses or higher.
- Exclusion of damage caused by freezing water if the house has been empty for more than 72 consecutive hours and shows that they have not taken precautions to avoid situations of freezing temperatures (installation or empty tanks storage).
- Exclusion of damages originating from the omission of necessary repairs for the normal condition of the facilities or to correct wear of pipes and equipment, including corrosion damage.