If you’ve ever experienced a water backup in your home, you know what a mess it can create. Water backups can occur when a drainage system simply can’t handle unexpected volumes of water from a major rainstorm or a sudden snow melt. The waste water flows back, through the pipes, into your home. Sewage coming into your home can cause extensive damage, not to mention serious health risks. Immediate cleanup is required, and can be very expensive.
While there are some steps you can take to prevent water backup damage, such as installing a sewer backwater valve, the only way to financially protect your family and home against water backup damage is to buy insurance.
In North America, most home insurance providers let you add water backup coverage to their policies. At Square One Insurance Services, we automatically include water backup insurance in all our policies. No paying extra. To learn more about water backup insurance, review the information provided below.
Does home insurance cover water backup damage? |
If you’re insured with a traditional home insurance provider, you may discover that water backup is excluded from the base policy. Often it’s available as a rider at an additional cost. In some areas, the risk of flooding causing water backup is so high, that insurers will only add water backup coverage in small increments, up to a specified limit. This limit may or may not be sufficient to cover the cleanup, let alone the replacement of damaged goods. Often drywall and carpets will need to be torn out, and replaced. And think about the cost to replace all of the belongings kept in your basement. At Square One, our home insurance policies automatically cover loss or damage caused by water backup. No paying extra. In fact, you get one of the most comprehensive policies with us. |
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What does water backup insurance cover? |
If a sewer backs up, causing freshwater or wastewater to enter your home, water backup insurance is designed to cover the cleanup. If your home insurance policy settles losses on a replacement cost basis, your policy will also pay to replace your damaged property. Other policies provide coverage on an actual cash value basis. If that’s the case, your policy will pay only the depreciated value of any damaged items. |
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How much does water backup insurance cost? |
The cost to add water backup could range from $10 to $250 per year with traditional home insurance policies. Not all insurance policies (or homes) are created equal. Some companies allow you to add water backup to your policy, but will limit the amount of coverage to $5,000. Others will cover you right up to the coverage limit. If you have an empty basement, you’ll need less coverage than someone with a developed basement, full of furniture. The price you pay for water backup insurance will depend on:
Water backup insurance is included in all home insurance policies offered by Square One. No paying extra. |
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What is the deductible for water backup damage? |
Depending on the home insurance provider you deal with, the standard policy deductible or a separate inland flood deductible may apply. The inland flood deductible applies to water backups caused by inland floods. If you live in an area where water backups from inland floods have been a problem, your deductible will likely be higher. |
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Response to my claim was much faster than I expected, because it was such a relatively small matter. Adjuster, restorator crew and flooring supplier all arrived within a few hours of my reporting the claim. Winmar's crew was fantastic. The flooring installer did a stellar job. I love it! Thank you for including the laundry room floor. You only find out how good your insurance is when you have a claim. I could not be happier and I'm telling everyone to check out Square One when their policy comes up for renewal.
I've been with Square One for years and have always been impressed with their service. One standout feature is the ease of changing coverage online. It's incredibly convenient and hassle-free. Whether I need to adjust my policy or add additional coverage, I can do it with just a few clicks. This level of flexibility gives me peace of mind knowing that my home is adequately protected without any unnecessary complications. Overall, I highly recommend Square One for their excellent service and user-friendly online platform.
I found Square One online at a time that I was shopping around for auto insurance to replace my existing policy. I applied online and requested for a quote and the next day I received a call from Kathy Vallance and guess what? I ended up purchasing two policies — auto and home together at an affordable price. Kathy honoured all promises of calling back all the way till close. Kathy is a true professional in her field and in my opinion an honest person too. I take this opportunity to urge all and sundry to go and purchase auto and home insurance with Square One.
Who loves dealing with insurance? Nobody, that’s who, but it is necessary. Square One makes the process simple and easy to understand and complete. Even when I had some additional details that made my policy non-typical, the agent I dealt with communicated clearly and was very pleasant. They make a dry topic easy to deal with. Will for sure recommend and continue to use!
I was extremely happy with the service provided by Brett Vancise. He was so versed with his work and guided me through the entire process. He was calm and explained to me every detail concerning the policies. I ended up saving a great deal as compare to my previous insurance provider. I have so far referred several of my friends to this company.
My landlord suggested your company to me as a new tenant because of its efficiency and accessibility, and let me tell you it was as easy as making microwaved popcorn, literally… Thank you so much Square One, it’s a good feeling to know that your home and belongings have a professional protection plan in place.
Hasti was one of the support agents who supported me patiently to complete the policy order. Also, the online form and the T&C of the policies are clearly understandable! I have total of 4 titled owners of the property that it allows the info to be input to the system individually (No kidding! Other insurance systems don\'t allow to do this... This online app is absolutely user-friendly! The cost of the policy is not bad comparing with the competitors. I would highly recommend Square One to anyone who is shopping for better services and pricing!
I recently purchased an insurance policy from Square One. We were so pleased with the ease of application but also how thorough they are in the questionnaire in regards to our property. Square One makes it possible to have the coverage you need with a price that is affordable.
Very friendly online portal to select and purchase my new tenant insurance policy with Square One. A friend referred me, based on her total satisfaction to date. We both have received our promotional gifts (Amazon gift card for me, and the $25 account credit for her!). The coverage is excellent for my needs, at very good cost (good value for money). Telephone inquiry about one concern was handled promptly, courteously and satisfactorily. Thank you for the good service and product. I feel to be in good hands with Square One.
I am very pleased to be able to secure a tenant policy with less hustle. Everything done online without the involvement of any agent as I don't have time to speak on the phone. All the forms filled up are very comprehensive and easy to understand. One of the cheap premiums on the market as well. Great service! Good job.