Standard homeowners insurance policies generally do not cover the cost of replacing a broken sump pump or repairing basement flood damage, because insurers classify sump pump failure and groundwater seepage as home maintenance exclusions. However, many insurance companies offer an optional endorsement or "water backup rider" for an extra premium that covers water damage up to a specific policy limit. Verification: Review your specific insurance policy declarations page or call your insurance agent to verify coverage details.
1 votes
Marked as accepted