What Types of Water Damage Are Covered by Condo Insurance?

Owning a condo can help you eliminate many of the issues associated with owning an actual house. There are instances, however, that still arise in which having the right type of condo insurance is essential. Water damage is covered in most cases, as long as it is accidental and not caused by a natural event or the negligence of another condo owner. In Plymouth, MN, the staff of Anchor Insurance Agency LLP has answers you may need.

Your Plumbing, Pipes, and Appliances

Water damage caused by a burst pipe or damaged plumbing in your condo will be covered in most cases. This is true for any damage caused by a leaking HVAC or central air unit. Appliances may also leak occasionally due to a broken seal or damage to another component. While this type of water damage is normally covered, it will not be if the damage was caused by normal wear and tear.

A Leaking Roof 

If you live on the top floor and the roof of the condo building starts to leak, your condo insurance policy may cover the damages. This will depend on what the condo building’s policy states and whether or not it maintains responsibility for this type of damage.

What Is Not Covered?

Just like with a traditional homeowners’ policy, there are certain types of water damage that are not covered. Flooding and water damage that starts in other units may not be covered by your individual condo insurance policy. If there are questions, talk to your agent as soon as possible.

The agents of Anchor Insurance Agency LLP are well aware of the questions their clients have concerning water damage in their condos. If you live in the Plymouth, MN area and are worried about water damage, call and talk to an agent at your earliest convenience.