Nearly all property forms, including Homeowners policies, exclude or restrict water damage caused by the backup of sewers or drains. The provisions vary from company to company but usually read like in SECTION I – PROPERTY EXCLUSIONS, that water damage is excluded if caused by: Show Water or water-borne material which backs up through sewers or drains or which overflows or is discharged from a sump, sump pump or related equipment. This exclusion is talking about “overflows” of water from sewers (like out of toilet bowls) and “backups” from drains (like floor drains and sinks). The source of the water or sewage may be “off premises” from a plugged public sewer system or caused by water inside the home that is left on or stuck on which overwhelms a drain system that is plugged or restricted. NOTE: Coverage for sewer or drain water backup can be added by endorsement for a small additional premium. AMERICAN INSURANCE highly recommends that all Homeowner’s policies be endorsed with sewer and drain water backup coverage. These type of claims can be costly to cleanup and repair. Review your policy with your agent to determine what coverage, if any, is currently provided. Contact us. Why do Homeowners and other property forms exclude coverage for sewer or drain water backup? 1. Water backup losses are extremely common but preventable with maintenance and preventative measures by the home owner. Water losses from plugged up toilets and clogged up drains can be prevented or minimized when home owners are observant and promptly repair sticking toilet bowls and clogged, slow running drains. 2. Water systems require periodic maintenance or reinvestment by the home owner. Over time, every water drainage system becomes restricted with rust, deposits and accumulated debris. Drain fields become saturated and tree roots interfere with drainage. Without preventative maintenance, slow running drains won’t handle normal water flow or plug up completely. 3. Off premises sewage backups can be prevented with the installation of drain backflow preventers that are installed on your drain line. Unfortunately, many older homes did not have these preventers installed. 4. During flooding the water table rises and first causes water backup through sewers and drains. Since “flood” is an excluded coverage, the unendorsed Homeowner’s policy has this exclusion. For answers to related questions click: WATER DAMAGE ~ Am I Covered? 22) Which of the following types of water damage is covered under an unendorsed Homeowners 3policy?A) damage from floodB) damage from water backing up through a drainC) damage from water below the surface of the ground that seeps into a basementD) damage from water that overflows from a malfunctioning washing machine We have textbook solutions for you!
The document you are viewing contains questions related to this textbook. Personal Financial Planning Billingsley/Gitman Expert Verified 23) All of the following are general exclusions under Section I of the Homeowners 3 policyEXCEPT 24) Which of the following is (are) included among the duties of an insured following a losscovered under the Homeowners 3 policy?I. To file a proof of loss within a specified time period after the insurer s request.ʹII. To prepare an inventory of damaged personal property. 25) Which of the following statements about the replacement cost provision of the Homeowners 3policy is true? 26) David has a Homeowners 3 policy that provides $280,000 of insurance on his dwelling, whichhas a current replacement value of $400,000. Ignoring any deductible, how much will Davidcollect if a kitchen with a replacement value of $24,000 but an actual cash value of $18,000 isdestroyed in a fire?A) $18,000B) $20,000C) $21,000D) $24,000Answer: C 27) Which of the following statements about the appraisal clause in the Homeowners 3 policy istrue? Which of the following would be covered by an unendorsed homeowners policy?While an unendorsed homeowners policy will cover the value of basic belongings and the house itself from ordinary perils, an endorsed policy will cover any value that you stipulate against all forms of loss.
What is an unendorsed Ho 3 policy?An HO-3 insurance policy is a form of home insurance that protects policyholders against property damage, legal liabilities and other expenses associated with unexpected disasters befalling your home.
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HO-3 coverage features.. What is not included in an unendorsed dwelling policy?The homeowners form that provides open-perils coverage on the dwelling and broad coverage on personal property is... Which of the following coverages is included in the homeowners policy but is not included in an unendorsed dwelling policy? Liability & theft.
Which of the following claims will be covered under the dp3?Which of the following claims would be covered under the DP-3? Damage by vandalism to a dwelling vacant for 30 days before the loss - Loss from vandalism and malicious mischief is excluded if the dwelling has been vacant for more than 60 consecutive days immediately before a loss.
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Which of the following types of water damage is covered under an unendorsed homeowners 3 policy?
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