Afraid of fire? What about water in your stunning basement?

Homeowners are extremely afraid of their sump pump failing. Why? Because it could mean disaster. A failure to your sump pump system typically winds up creating a severe backup of water in your basement, bringing who knows what into your home. What options do you have to mitigate this issue and why you need water backup coverage?

 Inexpensive, water backup coverage is, in the grand scheme of insurance, an extremely inexpensive coverage that could wind up saving your home from a severe problem.

 Necessary, this is a dangerous situation that realistically could happen to any homeowner but is even more dangerous to those who have beautiful finished basements. It is even more necessary because insurance does not generally cover water and water backup is not included on a standard policy.

Uninhabitable, if you do have a water backup claim, this is now covered with your water backup coverage, but where do you go when your home is deemed uninhabitable? Since the claim is now covered you are qualified for that “loss of use” coverage and your insurance company will now pay for you to move out until the situation is mitigated.

Finally, if you do have water backup in your policy.....is it enough? Most water backup policies cover up to $10,000 but when you spent $80,000 to finish your basement how is it going to be rebuilt? Using your bank account.

Who selected the amount for this coverage, do you trust your agent?