Does homeowners insurance cover water damage due to leak?

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PostPosted: Mon Dec 28, 2009 5:51 am   Post subject:   

Quote:
realtor says my roof claim would prevent my home from being insured by the new owners ... until a 5 yr. time spand passed..

is this correct?




My realtor told me that there would be no problem getting a homeowners policy for a house my wife and I were buying but was going to be occupied by tenants (existing tenants) for the first couple weeks we owned the home. When I called him on it, he just look at me with a dumb face.


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PostPosted: Mon Dec 28, 2009 12:13 pm   Post subject:   

Quote:
My realtor told me that there would be no problem getting a homeowners policy for a house my wife and I were buying but was going to be occupied by tenants
Rolling Eyes apparently 'these' realtor's should stick to what they know..and what they know is NOT (clearly) insurance. Rolling Eyes


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PostPosted: Sun Jan 17, 2010 12:08 pm   Post subject: CITIZENS INSURANCE EXCLUSION  

I have a renter's policy DP-3 with Citizens in Florida. The tenant failed to notice or ignored water leaking from an A/C condensate drain pan which damaged the structure. There was significant damage to an unused room however the damage was noticeable outside of the closed room. My claim was denied by Citizens invoking a new exclusion: :WE DO NOT INSURE FOR DAMAGES CAUSED BY CONSTANT OR REPEATED SEEPAGE OR LEAKAGE OF WATER OR STEAM, OR THE PRESENCE OR CONDENSATION OF HUMIDITY, MOISTURE OR VAPOR; WHICH OCCURS OVER A PERIOD OF 14 DAYS OR MORE, WHETHER HIDDEN OR NOT.



They are trying to say since the damage is "more than 14 days old (it probably occurred during the summer of 2009 when A/C was in use) that it is not covered. I see a difference in 14 days old and continued for 14 days.



Since no one can prove the damage occurred over a period of 14 days or more (the insured was certainly not aware of it until notified by the tenant) how can they deny the claim without proving the damage occurred over a period of 14 days or more. It is possible the damage occurred in 2 days, or 5 days, or even 10 days.



There are exclusions and limitations regarding a dwelling vacant for 30 days, but this new exlusion would require a policyholder to inspect a rental property at least every two weeks. Knowledge of leakage by the tenant cannot be imputed to the policyholder.



Opinion please?


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PostPosted: Sun Jan 17, 2010 12:51 pm   Post subject:   

Quote:
:WE DO NOT INSURE FOR DAMAGES CAUSED BY CONSTANT OR REPEATED SEEPAGE OR LEAKAGE OF WATER OR STEAM, OR THE PRESENCE OR CONDENSATION OF HUMIDITY, MOISTURE OR VAPOR; WHICH OCCURS OVER A PERIOD OF 14 DAYS OR MORE, WHETHER HIDDEN OR NOT.
This 'type' of exclusion isn't anything new...on any policys I've ever seen anyway...most I've read don't have a number of days however.



I certainly see your point...but the truth of the matter is that you would have to be able to prove it did not occur over a fourteen day period.



What is their response when you ask them how they can prove that this leak went on for fourteen days or more?


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PostPosted: Mon Jan 18, 2010 5:04 pm   Post subject:   

I'm guessing here, but I assume that they are looking at the extent of damage compared to what caused the damage. A leaking A/C would normally have to leak for some time to cause

Quote:
significant damage
.



These types of things happen all of the time, which is why most landlords are either selling properties cause they don't want the problems or they are putting wording in the lease that make the tenants responsible to report damage to the property promptly.


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PostPosted: Thu Feb 04, 2010 2:16 pm   Post subject: Epoxy Coating Water Pipes  

I myself know how bad water damage can be, i see it everyday. Pinhole leaks and slab leaks are frequent but arbutrary. They will keep happening but im here to let you know there are solutions for these problems, permanent, without destorying your home. What im not understanding is why the insurane companies dont give homeowners an option to coat there pipes rather than spot repair the particular spot. Its better for the homeowner as well as the insurance company. Whats your feed back on this.


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PostPosted: Thu Feb 04, 2010 2:33 pm   Post subject:   

Quote:
I have a renter's policy DP-3 with Citizens in Florida
You have a dwelling (fire) policy. The person renting _from_ you has a renters policy. A dwelling/fire policy covers just the dwelling itself and not personal property inside.
Quote:
but this new exlusion would require a policyholder to inspect a rental property at least every two weeks.
More or loss... or you could have good tenants who report these types of problems. But this is exactly the point... insurance companies don't want the liability of extensive damages just because someone did not correct the situation when it happens. They also don't want the liability of the renter being the one who is responsible for maintaining the property... as renters are simply not reliable or responsible for the dwelling. Feel free to collect a large deposit for this reason.



Also, check your policy to see if there is an exception to this exclusion but I'm doubting there is. You may also want to contact an independent agent and see if a carrier offers a DP3 that perhaps offers a less liberal exclusion.
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PostPosted: Sat Feb 13, 2010 1:00 am   Post subject: claim timeline  

I had an extensive waterpipe burst damage to my home a few weeks ago. I have filed the claim, but am wondering what each of the next steps are and how long does it typicaly take for each step.


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PostPosted: Sat Feb 13, 2010 5:30 am   Post subject:   

Hey NoHouse



After you file a claim, your insurance company may let you know of the procedure in which they handle such claims. They may also tell you about any responsibility that you have after the damage. You have to take care to stop any further damage to your property and arrange to get the damage repaired. You may select a plumber or contractor of your choice or get a list from the insurance company itself.



If you have replacement cost coverage, your insurance company will pay you to re-build the house up to the limits on your policy.



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PostPosted: Fri Feb 19, 2010 6:00 am   Post subject: home insurance water leake cover  

Does home insurance cover the water leakage under slab?


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PostPosted: Fri Feb 19, 2010 6:03 am   Post subject:   

No... that is a broken pipe and they are _usually_ not covered as it's wear. Resulting damage yes... but there is usually none.

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PostPosted: Fri Mar 12, 2010 1:07 pm   Post subject: 14 day seepage exclusion  

So what the carrier is saying is that the PH must inspect the home every two weeks even when they are absent or on vacation. I believe that to be an undue burden on a home owner, a rental home owner or any homeowner who takes a vacation longer than 14 days.

What are the courts saying about this in FL?


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PostPosted: Sun Mar 14, 2010 3:13 am   Post subject: water seepage where basement floor and wall meet  

We just found water on our basement floor. We've never had this problem before. We had a blizzard in February with 33 inches of snow. This weekend it is heavy rain. Will my home owners insurance cover the repair and waterproofing?


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PostPosted: Sun Mar 14, 2010 1:01 pm   Post subject: Water damage help please  

I had noticed water damage at all my windows after a big storm. So I called my insurance in November. The adjuster came out he said they have a restoration service they use and ask if I would like him to come out. I said yes. First the adjuster arrived and look at all the interior damage and then left. Then the restoration service came out and said there is little to no damage, said it was caused by humidity. I knew better then that so instantly called my builder. He came over tore the siding off and we observed the tape around the window was not torn so the water was leaking any where there was two windows side by side. He the left and sent me a quote two weeks later for 18,000 for repairs. I also had two other builders out with close estimates. Meanwhile the adjuster sent me a check for 1500. I called him and said there was much more damage then that. He said he knew and not to worry about it he would take care of it. I sent him the quote and he did not respond for a month. I called my agent complaining and then a few days later he called my saying he could not pay for anything on the quote. I showed up to his office asking him to explain and show me where it says that he could not pay in my policy. I told him mold was starting to develop I have a 2 kids a 4 month old and a father that does in home dialysis. He said he would come back out so I waited another week and he came out with another restoration service the professional now said the windows are bad and the adjuster said he would pay for the damage caused by the windows but not the windows as they were what caused the damage so I agreed to pay for the windows. So then called the adjuster and he was going to send out the project manager for that restoration service to make sure that was the problem. A few weeks later the guy came out tore the siding off and reveled the same thing my builder found old and faulty window tape that recently let go. This claim was filed on November 5 here it is March 14 and no resolution. The damage has gotten worse since the initial claim date. Also the house was built in 2004 and never had this problem prior. thanks to anyone that can advise.


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PostPosted: Sun Mar 14, 2010 1:20 pm   Post subject:   

Quote:
Will my home owners insurance cover the repair and waterproofing?
Certainly immediately call them and turn in the claim..but the thing about water claims, is this..it's wholely dependent upon the where the water came from and how...most (all I've seen) HO policys say a loss must be 'sudden and accidental' and NOT 'gradual deterioration', or some such wording..so clearly a pipe bursts, floods the house, that's easy..it's covered...however lets say you've got foundation cracks, and ground water comes in...not so much..
Quote:
This claim was filed on November 5 here it is March 14 and no resolution. The damage has gotten worse since the initial claim date. Also the house was built in 2004 and never had this problem prior. thanks to anyone that can advise.
If I were you'd I'd be on the phone tomorrow filing a complaint with the dept of insurance of your state...immediately! Mad


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