The Truth About Water Coverage in Homeowners Insurance

Hey, this is Bo Pilgrim with Bo Nose Insurance and I want to give you a tip and just something to be aware of on your homeowner insurance policies. There's going to be more companies that are giving you sub limits on water damage. Now, water damage is things like a water pipe burst, maybe on your washing machine, your bathtub, your commode, or maybe your water heater. If you happen to have some sort of water damage from one of those items, there may be a sub limit on that coverage. That limit may be $5,000, $10,000, $20,000, or $50,000. Now, you may be able to buy it up and you may not be able to buy it up. Here's a tip. $5,000 does not go very far anymore, so make sure that you know what you have there and that if you can buy it up or not. You may be able to switch from one homeowner insurance company to another for maybe a few hundred dollars or a hundred dollars, but in the long run, it may save you because here's the number one and number two claims that you're likely to have. One of them is water damage. We see water damage claims more than anything. Second is roof damage. So, know what the risk is and then also look into your policy. Make sure you're covered right. If I can help you out in any way, my name is Beau Pilgrim with Bow Nose Insurance. I'm glad to help you out. I'm easy to find online. Just Google my name and you will find me. I'm glad to help you out with your insurance needs. Thanks again for watching. Hope you have a great day.