![]() Namely, they won’t cover losses stemming from freezing, thawing, pressure or weight of water or ice (whether driven by wind or not) to items such as fences, pavement, patios, swimming pools, structures supporting part of a building, retaining walls, piers, wharfs, or docks. Next, both forms contain additional exclusions that pertain to freezing. In short, neither policy will cover the freezing of a system that uses water unless heat is maintained in the building or the systems have had the water supply shut off to them and they have been drained. Did you get all of that? The good news is that a carve-back immediately follows! The first water-related exclusion that is found in the 05 11 edition of both policies pertains to the “freezing of a plumbing, heating, air conditioning or automatic fire protective sprinkler system or of a household appliance, or by discharge, leakage, or overflow within the system or appliance caused by freezing.” Both contain straightforward exclusions and, of course, coverage carve-backs. The unendorsed ISO HO 00 03 and HO 00 05 forms address water in several areas throughout the policy. However, how does the policy respond to other water-related situations? ![]() So why was his claim denied and our client’s wasn’t? Believe it or not, it came down to how their water backup endorsements read.īy now you know that when a pipe bursts, the homeowners policy will respond by covering the resulting damage (but not the pipe itself). For inexperienced agents this can be overwhelming however, you’ll find that you can master this in no time at all if you break this subject into different categories. Some of the most common-yet confusing-types of homeowners insurance losses stem from claims involving water. Mind the Gap Understand the exclusions regarding freezing, mold, floods and backups
0 Comments
Leave a Reply. |