Money Matters
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Does home owners insurance cover water damage?
We live in a town house and our neighbors got some water from our shower. We were 100% sure the problem was fixed, but no such luck =(. Just curious to know if anything like this is ever covered by insurance?
Re: Does home owners insurance cover water damage?
Disclaimer: All insurance policies are different.
What is usually the case: Yes, your homeowner's insurance should cover their damage for that type of water damage. Homeowner's insurance does NOT cover flood damage, that is a separate policy...but it usually covers water damage not related to a flood.
It definitely is not a sump pump or anything., But looks like it might be some old pipes?
Thanks for all the replies