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A pipe bust on the 3rd floor of my house, i have homeowners insurance, i was wondering if my insurer cover it? |
A pipe bust on the 3rd floor of my house, i have homeowners insurance, i was wondering if my insurer cover it? The standard HO3 policy WILL cover water damage from the burst pipe, but NOT the pipe or plumbing fix itself. There is one MAJOR exclusion to that - if the house has been vacant and you didn't leave the heat on. The good news is, the pipe itself is the cheapest part. The bad news is, if you have ONE burst pipe, you probably have more - especially if the heat has been off in your house . You won't find out about the others until the house warms up. Source(s): agent, 21+ years It should, call your insurance company and ask them... You should call them since each policy is different. This happened to me before. You can have a repair person fix it immediately, and then: Yes you should file it as a claim with your homeowner's. What usually happens is: the insurance will send a claim adjuster to verify the damage. They will NOT care how much the repair person charged - they have fixed amounts they allow for your accident. Many policies have a deductible, so if yours does, the allowed amount will apply to your deductible. Unfortunately that would mean you are out the $$ but at least you met your deductible for 2007. water damage is covered on any half decent policy. you may have to pay for the pipe yourself which will be a minimal amount. It is going to depend on the type of policy that you have. If it is an HO 3 or HO5 the pipe will not be covered but the damage that the water caused will be covered under your policy minus your deductible. (A deductible is charged for each occurence and not once a year). If the house is sitting vacant and you have not maintained the heat they will not cover the claim. |
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