This is a question that every homeowner should ask their agent before they purchase their policy. Today, most people just assume when they purchase a homeowners policy that a coverage such as water damage, is automatically covered. The quick answer is it might pay for the damages it causes and it might not. That is why it is important to sit down with your agent face to face and have these important questions answered so you will know you are protecting your biggest investment the right way.
An example of water damage that is not covered under your Homeowners Policy would be from rising water that comes into your home from the outside. This is when you would need to have a Flood Policy.
An example of water damage that would be covered on your Homeowners Policy (HO-3 form) is if the pipe burst under your kitchen sink and damaged your floors.
Call or come by Midlands Insurance Center located at 308 Columbia Avenue, Lexington SC 29072 and I will be glad to review your current Homeowners Insurance Policy for free.