Does condo insurance coverage protect against water damage?

Typical condo insurance coverage does protect you against water damage. However, it will not generally protect you against water damage from a flood. If the area floods from the outside, you would need a separate flood insurance policy to cover that type of damage. Condo insurance will cover water damage that occurs as the result of water from the inside of the property. For example, if a water pipe breaks and the flood destroys your flooring, the insurance will pay to repair your flooring and the water pipe. The amount of coverage will depend on your policy and how much your deductible is.

blog comments powered by Disqus