Homeowner headaches: Protecting your basement from water damage

| March 14, 2019

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Melting snow, rain showers, and warmer weather, oh my! The signs of spring are a welcome sight... until all that extra water winds up in your basement. Basements are especially prone to water damage and it's estimated that 98% of basements in the U.S. will suffer from some type of water damage during their lifetime. If it happens to your home or commercial building, you could face large repair costs or a decline in indoor air quality associated with mold and mildew. What can you do to protect your home and keep your basement dry? The first step is to understand the difference between flooding and water backup. Then, make sure you know what's covered by your insurance policy. Damage from water backup typically is included on your homeowner's policy. water backup occurs when water or water-borne materials back up into your home. This can come from sewers, drains, a sump pump, or related equipment. Most homeowner's policies don't cover flood damage. Flooding occurs when water enters a home through windows, doors, window wells, or cracks in the foundation. This can be caused by an overflow of rivers or lakes, melting snow, or even excessive rainfall. If you live in a flood zone or have concerns about flood damage, contact your independent insurance agent to make sure you have the proper insurance coverage.

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SHRIRAM GENERAL INSURANCE CO. LTD

Shriram General Insurance Company Limited is a Joint Venture between Shriram Capital Limited (Part of Shriram Group) and Sanlam Limited. In this Joint Venture, Shriram Capital Limited holds 74% of Equity and Sanlam Limited holds the balance 26% of the Equity.

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