In New York, property damage requires an insurance claim to be reimbursed for damages. The claim explains all damage sustained. When processing the claim, the insurance adjuster must determine that the damage meets all criteria defined in the policy. A local insurance provider explains what to expect when filing a Water Damage Claim in Queens NY.
What Caused the Water Damage?
The origin of the water damage determines if it is covered under the insurance policy. Most standard policies cover events, such as natural disasters, fires, and water leaks, that could lead to water damage. However, some limitations apply to properties in flood zones.
When Did the Water Damage Happen?
The property owner locates the water damage and determines if coverage is available. Typically, the property owner must find the damage in a reasonable amount of time to mitigate further issues. Some policies place restrictions on how long the owner has to process a claim and be reimbursed.
Was the Owner at Fault for the Property Damage?
The owner’s liability could play a role in establishing if they have access to coverage. For example, if the property owner started a property fire accidentally or intentionally, the insurer could deem them at fault. If the terms of the policy have strict limitations about property fires, the owner might not get the full coverage amount needed to restore the property. If the property owner’s actions lead to a serious water leak, they could face some of the liability if the water wasn’t shut off promptly.
Did Extenuating Circumstances Apply?
Extenuating circumstances could also play a role in how quickly the property owner receives the insurance funds. For example, water damage results in mold. When the mold spreads through the property, the owner could develop serious respiratory conditions. If black mold is found in the property, the insurer may release the funds quickly to mitigate a more profound health risk.
In New York, water damage is covered under most property insurance policies. However, some limitations and restrictions apply to designated flood zones. All property owners are informed that flood insurance is required for maximum coverage in their area. Property owners who want to learn more about filing a Water Damage Claim in Queens NY can visit us for more information right now. You can follow them on Instagram.
