Personal lines (auto, home, boat, personal items) policyholders can register to view and print policy documents, including auto ID cards. Directly billed policyholders can also view and print billing statements.
Directly billed policyholders can make a one-time premium payment online from your bank account or credit card using this feature.
Personal lines (auto, home, boat, personal items) policyholders can register to view and print policy documents, including auto ID cards. Directly billed policyholders can also view and print billing statements.
Directly billed policyholders can make a one-time premium payment online from your bank account or credit card using this feature.
Ongoing patterns of severe weather mean homeowners and business owners have experienced everything from record snowfalls and tornadoes to recurring storms with wind, hail and record amounts of rainfall – all leading to a record number of flooded homes and businesses. Water claims under personal or business insurance contracts can be confusing and easily misunderstood, it's best to check with your agent before you could have a potential water damage claim.
The most common water damage claims result from surface water, sewer backup, ice and snow melt or hydrostatic water pressure. Whether you have a personal or business claim, the cause of loss is determined first and then your coverage is reviewed.
Most insurance companies’ standard personal and business policies exclude coverage for surface water that damages the property. You and your agent should be aware of whether or not your insured property is located in a designated flood zone. If so, you can purchase insurance from the National Flood Insurance Program.
The other causes of loss listed can be covered by purchasing endorsements to add coverage beyond what a standard policy includes. These endorsements may limit coverage to a specified dollar amount, but recovering even a portion of the damages could make a big difference to the financial health of your family or business.
Under a personal insurance policy, amendatory endorsements can provide limited coverage for sewer backup, overflow of drains and sumps for limited amounts, commensurate with the amount of coverage you purchased on the base policy. Your independent agent can help you make the right choices for your individual needs.
Business owners can purchase endorsements to add coverage for exposures such as sewer backup and interior building damage from rain, sand or dust without damage to the roof or walls. Some endorsements adding coverage for water damage may include coverage for loss of business income and extra expense you incur as a result of a covered loss caused by water damage.
As stated before, water coverage and claims can be complicated. This article is a short summary of potential endorsements to the personal and business insurance policies and is not intended to be a comprehensive policy coverage review. Remember that different insurance companies may handle these coverages differently. In the event of a claim, please consult your actual policy contract and your local independent insurance agent.
This loss control information is advisory only. The author assumes no responsibility for management or control of loss control activities. Not all exposures are identified in this article. Contact your local, independent insurance agent for coverage advice and policy service.
