May 14 2010
Flooded Basement Problems and Water Claim Questions
There have been a lot of questions on what insurance companies cover and policy limitations on flooded basement. Several calls have been recieved from the Grand Rapids, Saginaw, Bay City areas in regards to water damge in their basements. Most home insurance policies have endorsements that limit the amount of recovery due to water backup. When the damage occurs from a broken pipe, the actual dwelling limit on the policy is in full affect. You should always contact your agent to be aware of the policy language and limitations on your policy.