No matter how you look at it, rain, snow, water … can be a real problem for homeowners and therefore a real problem for their insurance companies. It used to be that fire was the biggest concern for losses on a homeowner’s insurance policy, but now water losses are quickly passing fire as the biggest concern for property insurance losses.
Why do you care? Because, if there are more losses due to water, that means the cost of home insurance is on the rise. Protecting yourself from losses in the first place, is one way you can take action. Past water losses can result in higher rates, restrictions on insurance protection, or even denial of coverage, not to mention the annoyance and cost associated with clean up, and loss of property that is irreplaceable.