When it comes to tackling the structural integrity of buildings in New York, people usually report two distinct problems: flood damage and water damage. However, when it comes to insurance coverage, homeowners fail to understand that there is a vast difference between the two, and they need to file a claim based on the type of damage. Moreover, these damages require distinct steps to mitigate the problem and restore the property.
So, if you do not know the difference between flood damage and water damage, we have mentioned the significant differences here to help you out.
- What is Flood Damage?
When the building gets affected by an overflow of water, which submerges the basement or any other structures, this is known as flood damage. It can cause massive damage, and based on the National Flood Insurance Program (NFIP) definition, it is a temporary condition where dry land or property gets filled with water due to an overflow of inland or water tides. There is an unusual accumulation of run-off water from any source, mudflow, or the land's collapse due to erosion, which leads to flood. Moreover, a flood is typically listed among natural disasters and can also be caused by hurricanes, heavy rain, or storm surges.
- What is Water Damage?
Water damage is an internal issue in a home or property caused by burst pipes, roof leaks, overflowing sinks and bathtubs, faulty plumbing systems, or non-functional appliances such as washing machines and dishwashers. Unlike widespread floods, water damage is usually confined to a specific area. NYC water damage is not caused by any large-scale natural event; rather, it occurs due to a malfunctioning or internal accident.
- Insurance Coverage Differences
There is also a significant difference in the insurance coverage, based on flood damage or water damage, such as:
- Flood Damage
If you have a standard homeowners insurance policy, it won't be applicable for flood damage, so purchasing a separate insurance policy is always advised. If you live in a flood-prone area, you can quickly get a policy through the NFIP or private insurers, which will help you cover the damages if such an event happens.
- Water Damage
Every standard homeowner's insurance covers water damage that has occurred suddenly, accidentally, or without any unforeseen reason. However, after you file the claim, an inspection will be conducted to understand whether the damage has occurred due to lack of maintenance, neglecting minor issues, or uncertainty. If you fail to meet the requirements, the claim will be denied. Other than this, additional coverage endorsements would also be required if the water damage has occurred due to water backup from sewer and drains.
Final Words
To safeguard your property from water and flood damage, you must mitigate the risk by considering flood insurance in case of high area risk and regularly inspecting water damages. You can also install flood-proofing measures or install sump pumps to prevent backflow. Besides this, you have to hire a professional from zicklincontracting.com who can help you with the restoration work after the damage and also assist you in filing the insurance claim.