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Water Damage in my Basement. Is it Covered?
April 27, 2017
Just the other day, a disturbing GoFundMe post showed up on my Facebook newsfeed. Though it could have been, the post wasn’t from a friend or from a client. It was from a desperate father who had a large amount of water damage in his basement. As an agent with thousands of clients who could find themselves in a similar Continue Reading
Just the other day, a disturbing GoFundMe post showed up on my Facebook newsfeed. Though it could have been, the post wasn’t from a friend or from a client. It was from a desperate father who had a large amount of water damage in his basement.
As an agent with thousands of clients who could find themselves in a similar situation, it caused concern and prompted me to share it with you.
The GoFundMe Page read:
Another sad thing… after 10 days, the poster had no contributions. It was disheartening to read.
What’s the solution you might ask?
In the case of a failed sump pump and water backing up through sewers or drains, almost every homeowner policy has the option of adding an endorsement to cover this type of loss. The endorsement is aptly called “Backup of Sewer & Drains” or simply “Water Backup”.
In most situations, the endorsement may cost somewhere in the $30 range for $5,000 or more in coverage.
Many of our clients may already have this endorsement added to their policy. A quick call to us or an email to jeff@ryanagency.com and we can confirm if coverage is in place for this type of event.
If you don’t have Water Backup coverage in place, we would be happy to quote the additional protection for you and then you can decide if you want to add it to your policy.
Contact us today and we’ll be glad to check this out and/or provide you with options.
If we can help in any other way with your insurance program, please feel free to drop me an email at jeff@ryanagency.com.
Best regards,
Jeff
You can find the GoFundMePage here: https://www.gofundme.com/major-water-damage-to-my-home
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