Condo Covered from a Neighbor's Flood?

Know the Gaps

Flooding from burst pipes, leaky appliances or torrential rainfall wreaks havoc on homes and belongings every year -- leaving homeowners in distress and causing thousands of dollars in damages.

Sometimes, it only takes a leak to turn your home upside down. Unfortunately, Farmers employee Harmony Apel experienced that first-hand when she returned home to find her second floor condo unit submerged in water.

Her Story

“The kitchen floor was flooded, there was water all over the counters, and the dry wall behind the sink was damp,” she said. “My upstairs neighbors had a leak in the water purifier on their sink. It leaked down into my unit and the unit below me.”

The upstairs neighbor was reluctant to cooperate though. He denied he was at fault and refused to call his insurance to make a claim. So, Harmony and her husband had to handle the claim completely through their own insurance.

Luckily, their homeowners insurance covered most of the damages.

“We ended up having to pay a $1000 deductible though,” she said. “Our condo complex has a rule that prevented our insurance company from recovering the damages from our neighbor even though he was at-fault.”

Water Damage and Homeowners Insurance Gaps

Statistically speaking, about one in 55 insured homes has a property damage claim caused by water damage or freezing each year.*

Generally, water damage caused by common plumbing failures like a broken washing machine hose or a burst pipe are covered by homeowners insurance.

But, what if a tropical storm passed through your town causing the lake to overflow and flood your home?  Is that covered by homeowners insurance?

The answer is no. Typically, floods caused by weather catastrophes aren’t covered by standard homeowners insurance policies, which is why it’s smart to consider purchasing separate flood insurance.

Now, let’s say a pipe burst in your home or condo causing water damage. Even though this is a type of cause that would be covered, keep in mind that there are usually set coverage limits.

That’s why, before you find yourself caught with costly water damage, talk to your Farmers agent to help you spot potential gaps in your coverage early, and learn about:

  • What type of water damage is covered?
  • What are the coverage limits on your policy?
  • What does flood insurance cover?



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