Are Pipe Leaks Covered by Insurance?

Are Pipe Leaks Covered by Insurance?

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If you own your own home, there will be some expenses you need to build into your budget: property taxes, cosmetic damages, and of course emergency repairs. It could be something as simple as a cracked window pane or busted light, or as major as the heating going out, or the pipes bursting or leaking. With so many things that could go wrong, it’s tough to know how much you should be saving, and, more than that, what should be covered by insurance. But if those pipes do leak, or bust, how much will they cost to repair? Are these situations ones covered by insurance?

Avoid a problem

First, do everything in your power to avoid a problem in the first place. The best way to do this is by being vigilant. Pay attention to the pipes under kitchen sinks and in bathrooms. Keep the areas under sinks as clear as possible to make it easier to see water damage. If you have a basement (especially an unfinished one) make sure to check the pipes down there periodically as well; early detection is the best way to avoid the problem altogether. Wrap your pipes in the winter to keep them from getting too cold, and keep track of your water bill.  These are another easy ways to be able to tell if your pipes are leaking or are near bursting. You can tell if there’s a change in usage on your water bill, and, unless you’ve suddenly taken in a mermaid, a major rise in it can give you the heads-up that you need to get your pipes checked. Even more concerning: if your water pressure is low but the bill is getting higher, you’re losing water somewhere; it’s just a matter of what part of the house it’s happening in. If you’re concerned, though, and not able to tell yourself, it’s time to get a plumber involved.

Costs of finding a leak

There are various ways to find a leak, each of which has itown costs attached. An experienced company like SlabLeak plumbing can offer state-of-the-art detection services, like smoke tests and video drain inspection. Depending on your area and the complexity of your problem, you’ll have to pay for not only labor and services rendered, but you’ll need to cover supplies and any parts that need to be ordered, as well. While some plumbers charge a flat rate, others will ask for between $175 to $450 an hour, and this is before they even begin work on your home. All of these can add up to a much larger bill than you may be expecting (going into the thousands of dollars in some cases), but, thankfully, insurance can help to cover some or all of the costs of leaking pipes.

Insurance

Insurance can be invaluable in dire situations, including plumbing problems, that can’t be helped. Be sure to take out a policy thatcovers not only water damages, as in a pipe leak or bust situation where several other areas of the house can be affected (not just the immediate area), but also dwelling coverage. Dwelling coverage is different than traditional homeowners insurance in that it will also cover the fixing of the actual problem. So while your blanket policy will take care of paying you back for costs incurred from the incident and also your personal property that’s damaged or lost completely, it won’t pay to fix the root cause. But with your extra insurance policy, you’ll be covered from the second you recognize the house is feeling just a little damper than usual, to writing the substantially more affordable check out to the plumber.

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