Repeated water damage is frustrating! Unfortunately, your homeowner’s insurance is not likely to cover waterproofing your basement. However, you may want to invest in waterproofing anyway, and here’s why.
Flood and storm surge damage
Unless you’ve paid for flood insurance, you’re likely not covered for water damage resulting from naturally-occurring floods and storm surges. Even if you do have such coverage, it won’t cover waterproofing your basement, particularly after the fact.
Water damage from broken pipes or overflow from a toilet, sink, or bathtub
Many policies do cover clean-up and repairs, but this doesn’t mean that you can then ask for the insurance company to cover the costs of additional improvements, such as waterproofing.
The advantages to waterproofing a basement
While your insurance company won’t cover the cost, taking such preventative measures may wind up saving you money in the long run. If you use your basement as a living or recreational space, waterproofing will help protect furniture, carpeting, and appliances from damage in the first place.
We all get confused by insurance coverage, but Jerry
is here to help. Jerry shops home, renter’s, and car insurance from the nation’s top providers and sends the best deals straight to your phone in minutes for free. Jerry will even help you bundle your home and auto insurance to get you the best deals. And if you ever have any questions, our agents are a text or call away. Wishing you the best and hoping no more flooding comes your way!