Cast iron and freshwater line leaks below a foundation can be one of the more tricky insurance claims.
When it comes to foundation leaks, the insurance policies are limiting some of these claims. Most policyholders are more concerned with the cost of the plumbing repair and less concerned for what actually makes these claims covered. Most policies exclude plumbing repairs. What triggers coverage for these types of claims is the water or physical damage caused by the leak or backup. Without the damage as a result of the leak, there is no coverage under most policies. Therefore, it is important that we inspect the damage as soon as the leak occurs to document the damage that will trigger the coverage needed to access the plumbing repair.
We use our infrared camera to document such damages. We have a trained eye when it comes to finding the trigger for coverage. Most policyholders will assume the claim is for the plumbing repair, but this is not covered under most policies. With these types of claims, the policyholder will have to hire a plumber to run a camera or make temporary repairs. We advise our clients of the best way to handle each specific situation.
Common Foundation Leak Claims
One of the most common claims that we see are plumbing related claims. Whether it’s a burst pipe, a water heater leak, an overflowing appliance or any other situation that leads to water damage in your property, it’s important to act fast as water damage only gets worse over time if not addressed. Mold, structural decay, and damage to furniture and personal belongings are just the start, so hiring an experienced professional to handle your claim could make a huge difference when it comes to recovering a settlement adequate to truly cover the damages.
Even moderate water damage will incur quite a few major upfront costs. Bringing in a team to perform a property “dry-out” is costly, yet often necessary immediate expense. From there, depending on the damage, you may also need to pull up carpets, baseboards, replace drywall, and much more to ensure that all wet materials are dried out or replaced. The last thing you will want to deal with after a significant leak is a major mold problem a few months later.
Using A Professional For Your Leak Claim
Water damage claims have become increasingly more complex over the years. Insurance companies are continuously changing the language within their policies to introduce new exclusions, timeframes, and requirements that make getting full coverage for your loss considerably more difficult. Therefore it’s important to engage the services of a public adjuster like Safeguard Public Adjusters when handling a water damage insurance claim.
Whether you are already dealing with water damage to your property and are in need of assistance to file a claim, or you have already filed a claim, Safeguard Public Adjusters has experienced professionals who can help. We work on your behalf every step of the way, fully documenting your damage, communicating with your insurance company, and seeing the negotiations through until you receive your highest possible claim payment.