Homeowners Shocked When Insurance Doesn’t Cover Flooded Basements, Aging Roofs
Costly misunderstandings about coverage for flooded basements, aging roofs and other losses often surface only after disaster strikes.
Many homeowners assume their policies will cover damages such as basement flooding and wear on aging roofs. Those assumptions frequently lead to surprise and financial strain when they discover such losses are often excluded from standard coverage—typically becoming clear only after a loss occurs.