One of my favorite aspects of working at Merlin Law Group is how much the company invests in continuing education to ensure that their lawyers are always at the top of their game. When I'm not struggling with insurance companies, I spend my time on various courses with the Academy of Insurance, a website that gives the lively insurance staff the tools to stay up to date on the constantly evolving insurance world.
I recently watched "Are Water Damage Delays Your Drowning?" webinar hosted by Nancy Germond, President of Insurance Writer. Her experience as a second-generation insurance professional who married into a "plumbing dynasty" allows Germond to provide a unique insight into water damage claims. Although the webinar is aimed at insurance company representatives, policyholders can benefit from learning these basic principles so that they can develop a concrete understanding of water damage to advocate for themselves in the event of a loss.
Water damage is property damage due to accidental discharge, leakage or overflow of water, mainly caused by but not limited to freezing of pipes or piping systems. Water damage can occur anywhere and is the second most common requirement for homeowners. On average, about 1
There are several main scenarios for water damage that homeowners need to be aware of that are usually covered by their insurance:
- Accidental discharge of water from household appliances, baths, plumbing fixtures, etc .;
- Cracking / splitting of water systems, including water heaters, heating elements, steam boilers and pipes;
- Freezing, if the insured keeps the heat on or drains the plumbing systems and appliances;
Although it is not uncommon, I have seen homes completely destroyed when appliances break down, and water then pours throughout the home. Because of how expensive water damage can be, it is important for homeowners to be vigilant in areas of the home that may be affected by water damage, to catch the damage in time and to know what can be mitigated to reduce the damage. Especially since insurance companies pack their insurance with the exception of water damage which will exclude a loss caused by water "backing up through drains or sewers" or for loss "caused by repeated or continuous discharge, or leakage of liquids from a piping system."
For example, toilet problems are a very common type of water loss.To understand plumbing, it is important to know that there are four main networks of pipes in a residential building.The first two pipe networks, most famous, transport hot and cold to faucets and appliances The third network is drainage pipes that divert wastewater through the main ground waste pipes.The fourth network consists of a ventilation stack that allows the air pressure to be equalized to ensure that the drainage system works properly.
Homeowners can mitigate water damage to the toilet before any loss toilet fixtures for looseness; pay attention to bottom plate ttorna on the adjoining bathroom walls; and inspect ceilings located under water fittings. By being vigilant, property owners can notice damage immediately when it occurs and are less likely to be denied by the carrier for exclusions such as late notification or repeated or continuous discharge or leakage of liquids from a piping system.
To deepen your understanding of water damage issues and policyholders' advocacy, continue to follow the blog Merlin Law Group Property Insurance where we publish the latest developments in property insurance daily!
Today's Thought: "Your vision of where you want to be is the greatest asset you have." – Paul Arden