Home ownership is an exciting piece of the American Dream that most people will do at least once in their lives. When you own your own home, who do you call when there are problems? Since you are the landlord now then the simple answer is you call yourself. Many things can happen within a home. You can have children, spend time with friends or have a major water leak that costs thousands in damage. Wait, What? Yes. Unfortunately these things can happen and when they do there are many things to consider. Check out these facts on what to do if you need water damage restoration in Raleigh.

Types of Water Damage

When it comes to water damage, it can happen in many ways. One of the most common types of water damage is internal water damage. This is when basically a pipe or water line within the home breaks and leaks water throughout the home and walls. Another type of water damage is natural disaster damage. This is when a large storm causes flooding and major water damage in peoples homes and basement. One last way that a home could have water damage is via the high water tables. If there is a high water table in the area that you live then water could leach through your walls in your basement causing the walls and floor to be damaged. All these types of water damage are not necessarily covered by insurance. So it is crucial to be sure that you add water damage to your homes insurance.

Insurance

Home insurance is absolutely crucial in home ownership. Having that safety net there for major damages can save you thousands. When it comes to claiming water damage on your insurance there are many considerations to consider. Obviously, if you overflowed the sink slightly you aren’t going to get your insurance company on the phone. The most important factor in claiming insurance for water damage is the amount of your deductible. If the cost to fix the water damage is going to be higher than your deductible then it is time to call the insurance company.

It is absolutely crucial to be sure that all different types of home damage are covered with your insurance. In areas of the United States where the climate is desert or limited on water, they will often leave out flood damage insurance. This may make the monthly premium cheaper but it will cause you problems when you need the insurance. No matter the climate, home flooding can happen so it is crucial to get insurance.

How Does it Work

Home insurance works basically the same as car insurance. You have a premium that you pay every month. This ensures that your home insurance will be available if needed. When the time comes that you need home insurance then you may have a deductible to pay. Then the insurance pays out however much it costs to fix the problem after the deductible is paid. When this happens then you utilize the money to fix the water damage. Or call water damage restoration in Raleigh to fix the problem.

Conclusion

Water damage is sometimes a crummy part of home ownership. Figuring out what to do in the event that your home is badly damaged by water is unfortunate and sometimes overwhelming. This is why it is crucial to have water damage insurance and to know how to use it. It works by charging you a monthly premium until it is used. Then at time of use there may be a deductible. Then after that they will help you financially get your home fixed.

Joyce Laroche