How do you know if your homeowner’s insurance policy covers slab leaks? Many modern homes are built on a concrete slab, and plumbing lines go beneath and up through the slab to the various areas that require water, such as your kitchen, bathroom, and laundry room. If a slab leak occurs, your homeowner’s insurance may or may not cover it. It is determined by how the slab leak occurred.
Awareness About Homeowner’s Insurance Coverage
Homeowner’s insurance covers your home and personal goods against certain occurrences, including fire, theft, and storm damage. Additionally, it safeguards you if a visitor to your home suffers harm while on your property. Any injury caused by animals is also included in this. Lack of maintenance or damage to your home brought on by floods or earthquakes is not covered by homeowner’s insurance.
Why Homeowners Insurance Should Cover A Slab Leak
The price to fix a slab leak can range from $630 to $4,400, with the typical repair cost being approximately $2,000. You might wonder if the homeowner’s insurance will cover the price of fixing a slab leak due to how expensive it is. In general, there are three situations where your insurance coverage might pay for some or all of the damage or repairs.
1. Covered Event
If a covered event damages your home, your insurance coverage may pay for slab leak repairs and other damage.
2. Personal Property Damage
If the slab leak damages your furnishings or gadgets, the personal property clause in your insurance may pay the costs. It wouldn’t directly cover slab leak repairs.
3. Structural Damage
If the leak causes substantial damage to your home, it may be covered. Insurance wouldn’t pay for plumbing repairs. Instead, it pays to restore your home’s structural integrity so you can live there.
Is Homeowners Insurance Going To Cover Repairs?
Suppose a plumbing leak under your slab due to a risk covered by your home’s insurance policy causes water damage to your house. In that case, your homeowner’s insurance policy may assist cover the cost of tearing out and replacing the slab. Risks like fire, wind, explosions and falling objects are examples of covered perils. Thus, a home insurance policy that includes wind damage will probably aid in paying for repairs if, for example, a tornado hits your home and the slab, resulting in a slab leak or damage.
Situations Where Homeowners Insurance Would Not Cover A Slab Leak
The purpose of homeowner’s insurance is to safeguard you from specific occurrences. If the damage was brought on by a failure to maintain the property, you are not protected. For instance, your homeowner’s insurance would not cover the repairs if your pipes were old or severely corroded and burst as a result of the corrosion. Instead, you’d need to use your own money to cover the cost of the repairs.
Don’t delay if you need a second opinion after an insurance adjuster gives you a lowball estimate or if you want an expert inspection to help you remain on top of regular maintenance. At New Flow Plumbing, we will be happy to meet with you and discuss your plumbing needs. We provide free quotes & are available 24/7 for emergencies. Call us now!