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True. Damage caused
by bursting water pipes is covered by homeowners insurance. But your claim
could be denied if your house was unoccupied for more than 30 days and left
unheated. Even if your claim is paid, you’re still left with the mess.
To prevent broken pipes in the future, always:
False. Water seepage is specifically excluded from coverage. It is considered a maintenance issue, not an insurable event. False. Flood damage, even if it is caused by melting snow, is never covered under homeowners policies, but is provided by the federal government. Whether your flood risk is high or low, you can buy flood insurance as long as your community participates in the National Flood Insurance Program. False. The price of flood insurance is based on the risk of flooding. The average flood insurance policy costs a little more than $300 a year for about $100,000 of coverage, but people in low-risk areas can generally purchase protection for less. In order for you to buy flood insurance, your community must follow flood-loss prevention guidelines set forth by the Federal Emergency Management Agency. False. There is usually a 30-day waiting period before coverage goes into effect. You should plan ahead. False. Renters can purchase flood insurance so long as their community participates in the FEMA program. Note, too, that flood insurance comes in two separate policies, one for the structure and one for contents. As a renter, you can buy contents coverage alone. True. Damage to the outside and inside of your house due to the weight of ice and snow, or to "ice dams" such as the ones you describe, is generally covered under homeowners policies. False. Coverage isn’t automatic. Some insurers include coverage for sewer and drain backup as part of the standard homeowners policies. Others do not, but may sell the coverage as a separate endorsement. Ask your insurance agent or company whether you are covered. And, even if you are covered, take steps to protect against the mess caused by a backup:
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