With spring finally here, it’s a great time for home and car owners to review their insurance policies to be sure that they are covered against the types of damage that come with the change in weather.
During the spring, floods and the resulting water damage can be caused by the combination of snow melt and heavy rains that come with this time of year. If you’re not prepared, water damage can do permanent structural damage to your home. According to online notes, 30,000 – 40,000 incidents happen each year involving water damage in basements significant enough to warrant an insurance claim, with a total cost of approximately $140 Million dollars.
Basement flooding is a serious concern, for a number of reasons. If your basement floods, it can result in long term damage to the dwelling, and even reduce your property value. Don’t forget, what you have stored in your basement can also get easily damaged. People can also suffer from respiratory problems resulting from damp and moldy homes. Also, repeated insurance claims for basement flooding can increase your premiums and minimum deductibles.
It is important to remember that not all of this damage is covered by home insurance. Damage caused by a flood is generally not covered unless you have flood insurance. Some other forms of water damage may be covered; however, I recommend reviewing your policies with your agent to be sure you have coverage for spring season incidents.
You also want to prevent any future losses that arise this time of year. The harsh winter can cause trees and other plants to become unsafe and fall on your home. Inspect your landscaping in the early spring and cut or trim any damaged tree or bushes. Also, moss build up and gutter damage can cause roof damage (have your gutters inspected and cleaned).
This is a friendly reminder to be aware of what losses could potentially happen because of the season change. Taking a look over your policy and taking action to prevent losses that could arise will always help.