by jeffcoleman » Sun Aug 01, 2010 07:20 pm
We had a sump pump failure a couple days after some good rain in our area. We only have homeowners insurance and not flood insurance because we are not in a flood plain. I was thinking we would still be covered because our basement flooded due to mechanical error not a natural event. All damages and possible build up of mold etc. should be covered correct? HELP!
Posted: Sun Aug 01, 2010 08:08 pm Post Subject:
Seepage of water into the home is the exclusion... it does not differentiate on where the water came from. The sky, a storm, your neighbors home, failed pump... it would not make a difference.
Personally, I never liked the seepage exclusion but it's been in the policy forever.
Note: There are some higher end policies that _may_ cover something like this but they are _very_ few and far between.
Mold is also going to be excluded (it also does not happen right away)
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