Water Damage at Home
Water damage is the most common type of home damage and accounts for
about 25 percent of all insurance claims. While a typical homeowners’
insurance policy will cover water damage caused by defects inside the
home, flooding caused by an outside source—say a rising river or
overflowing storm drain—must be dealt with by a separate flood
insurance policy. Homeowners are always encouraged to have separate
flood insurance in areas where there is the potential of flooding.