Pipeline Damage Insurance – Don’t Wait for an Explosion

Home insurance policies, both for the structure and its contents, can include coverage for plumbing damage. It is worth consulting with the agent and saving a lot of headaches and a lot of money in the event of a flood in the house

That moment when you open the door of the house and everything floats before your eyes, is the moment when you say a big thank you to yourself for purchasing coverage for plumbing damage, as part of your home insurance.

What, no?! You don’t have coverage for plumbing damage? Don’t wait for that moment when you realize how important it is.

Coverage clauses for water and plumbing damage are the most prominent clauses in home insurance claims in Israel, which means that the phenomenon of plumbing damage – burst pipes and leaks in water and sewage systems – is common. In many cases, the amount of damage may reach thousands, if not tens of thousands, of shekels. Together with the costs of repair, this is almost always a very heavy expense.

Plumbing damage insurance (also known as ‘water damage insurance’) provides you with two solutions: immediate emergency treatment in a frustrating situation, and reimbursement for expenses incurred as a result of the incident. Sometimes it involves lifting a floor, replacing plumbing parts, restoring walls, and other miscellaneous things that we don’t know about. Project.

Plumbing damage insurance – for the structure and its contents

Complete home insurance actually includes two policies: structure insurance and contents insurance. Each can be purchased separately, independently of the other. Both can also include, for an additional fee, coverage for plumbing damage.

In both, coverage is, of course, extremely important, since flooding in the house may damage the structure itself, both directly and as part of the treatment and repair process, and also the property inside the house – carpets, furniture, objects, electrical appliances, and more.

Attention! Coverage for plumbing damage alone cannot be purchased, and is marketed as an extension to home insurance policies.

How does it work? The reform that made things right

In 2017, a national reform came into effect in the field of plumbing damage insurance, which defined the responsibility for handling the damage, the execution times, and the manner in which the satisfaction of the insured is measured.

You no longer have to wait for a plumber. The insurance company is responsible for ensuring that he arrives on time and provides quality service. In addition, the new regulations require the insurance company to inform you at every stage of the process, with full transparency. At the end of the process, you can rate the service you received. In other words, the plumber who performs the work depends on your satisfaction and not the insurance company’s.

When purchasing insurance, you can choose between two service tracks: through a plumber arranged by the insurance company, or a private plumber of your choice.

Choosing the settlement route allows you to enjoy the full benefits of the consumer revolution brought about by the reform in plumbing damage insurance.

Equally important – coverage for third-party damages

In many cases, a flooding incident resulting from a leak or burst pipe in your apartment also causes damage to a third party. Usually, the neighbors on the floor below.

Third-party coverage ensures that the damage caused to them will be covered by the insurance company and not by you. Be sure to include a third-party clause in your apartment insurance, which also includes coverage for third-party damages.

It is very worthwhile to check your apartment insurance now, and consult with your agent about water damage insurance. This will not prevent the damage when, God forbid, your home floods, but it will save you a lot of time, hassle, and of course, a lot of money.