Should You File a Homeowners Insurance Claim for Water Damage?

Posted on April 18, 2023


Hayden Haskins | author

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ICHQ | Site Author

Water damage is a prevalent issue for households and can result from a variety of causes, including leaks, flooding, and burst pipes. When homeowners discover water damage, they frequently question whether to make an insurance claim.

Insurance Claim HQ examines the pros and cons of filing a homeowners insurance claim for water damage, as well as whether it is preferable to file a claim for water damage or mold damage.

Pros of Filing a Homeowners Insurance Claim for Water Damage

One of the primary advantages of filing a claim for water damage on a homeowner’s insurance policy is that it can help cover repair and replacement costs.

Depending on the coverage, homeowner’s insurance may pay to repair or replace damaged flooring, walls, and furnishings.

In addition, filing a claim might bring peace of mind, knowing that the insurance company will contribute to the cost of repairs.

Cons of Filing a Homeowners Insurance Claim for Water Damage

A rise in rates is one of the key disadvantages of filing a claim for water damage on a homeowner’s insurance policy. When a homeowner files a claim, the insurance company may view them as a higher risk and increase their premiums accordingly.

In addition, if the sort of water damage is not covered by the homeowner’s insurance policy, the homeowner may be responsible for the repair costs instead.

Water Damage vs. Mold Damage Claims

Homeowners must also consider the likelihood of mold growth while dealing with water damage. If water damage is not adequately addressed or recognized early enough, mold can grow. This poses health risks and often causes more widespread property damage to remedy.

In some instances, homeowners insurance may pay mold cleanup costs if the mold was caused by water damage. Mold development caused by long-term neglect or extreme humidity may not be covered.

Should You File an Insurance Claim for Mold Damage or Water Damage?

If you are dealing with water damage, it is essential to determine whether it has resulted in mold growth. It may bring complexities to your claim as these types of damages aren’t always repaired the same.

You may need a mold remediation professional to treat your affected property, for example, whereas other contractors can replace damaged plumbing and surfaces rotted away by simple water damage. Common signs of mold damage include a musty odor, discoloration or staining on surfaces, and the presence of visible mold growth.

If mold is present, which can be identified by a musty odor and various stains on surfaces, it should always prompt a claim for mold damage.

Getting Help with your Claim

If you have water damage and are unsure if you should file a claim with your homeowners insurance, you must carefully weigh the advantages and downsides. Review your policy to determine what is covered, including mold remediation, if you decide to file a claim.

Contact our knowledgeable staff of homeowners insurance claim attorneys at Insurance Claim HQ for assistance with water damage.

Water Damage Claim FAQs

Will making a claim for water damage affect my homeowner’s insurance premiums?

The filing of a claim for water damage could result in an increase in premiums.

Does the homeowner’s insurance cover damage caused by mold?

The answer is contingent upon the policy. Some homeowner’s insurance policies may cover water-related mold damage, whilst others may not.