Super Restoration Q1 2018 SourceMagazine_Jan_2018_DIGITAL | Page 9
property. The endorsement may not cover the actual
cost of repairing the drain or sewer. Some of the other
exclusions on these endorsements typically include poor
maintenance, floods and power failures.
Leaks and Hidden
Wat e r Da m ag e
Insurance policies typically put restrictions and limits on
coverage for claims of water damage sustained over a
period of two weeks or longer. Broken and leaking pipes
account for a large proportion of the increasing number
of hidden water damage claims filed in recent years.
The terminology used by insurers for hidden water damage
changes over time, so it’s important to read the
restrictions and exclusions in the policy carefully.
Property damage from untreated leaks often includes
mold issues, warped wood and ruined drywall.
Damage from the leak may be excluded from coverage if
there is mold present or there had been a leak for at least
two weeks without any repairs. However, some policies do
not require leaks to be identified and treated within two
weeks in order to qualify for coverage. Understanding the
restrictions and water damage exclusions included in the
policy should always be a high priority.
If the property is routinely exposed to severe weather
conditions or water damage, understanding what your
policy insurance really means is all the more important.
he Federal Emergency Management Agency, U.S.
Department of Homeland Security and state legislatures
can help establish guidelines for defining these types of
property damage when natural disasters occur. In order
to file claims and receive appropriate coverage for these
types of losses, policy holders need to be able to identify
and document proof of the damage sustained.
SUPER RESTORATION SERVICE CO. | 1701 NW 87TH AVE #200 | MIAMI, FL 33172
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