The holiday season is quickly approaching and as the cold weather sets in and the snow starts to fall, many of us think about escaping to warmer climates. For some of you that may be the pleasant reality, however there is something that needs to be considered before you head south, water damage.
Your comprehensive homeowner, tenant, or condominium insurance policy will not cover water damage caused to your home by freezing pipes etc if you have been away from your premises for more than 4 consecutive days (during the normal heating season) unless you have:
Just imagine it is the middle of January and you have a power outage, or your furnace runs out of oil or malfunctions while you are on your second week of your vacation in Florida. It is -18° C at home and with no one knowing your furnace has failed; your pipes would quickly freeze. Frozen pipes tend to burst and once this has happened it only takes a warm day for the water to start to flow. A small oversight has very quickly resulted in serious damage which you are financially responsible for.
So please, before you flee the coming weather, have someone you trust check your heating system everyday you are away OR shut off the water supply and drain all pipes and devices in your home that hold water. As long as one of these two things have been done, your comprehensive homeowner, tenant, or condominium insurance policy will cover any damages that occur from frozen pipes, even if your heating system fails.
Have a Merry Christmas and a Happy New Year!
Call Absolute Insurance Brokers at 1-877-941-2266 for a quick quote to ensure you are covered properly before you go away.