The Challenge with Water Damage Due to a Slow Leak

The Challenge with Water Damage Due to a Slow Leak
The standard homeowner’s insurance policy will offer coverage in the event of a sudden discharge or overflow of water from a plumbing or heating device. However, what happens if the homeowner experiences damage due to a slow leak that has been occurring over an extended period of time?
Many Homeowners Aren’t Aware of How Water Damage is Covered by Insurance
Many homeowners aren’t aware that insurance carriers will deny a claim if a known, but slow, leak leads to property damage. If a leak is detected, it’s the homeowner’s responsibility to correct the slow leak before it causes damage. It’s in the property owner’s best interest to be aware of the types of coverage his or her homeowner’s insurance policy offers as a slow water leak can lead to significant damage that the property owner will be on the hook for.

The Advantage of Offering a Seasonal Property Inspection
Having a seasonal property inspection completed will help to make homeowners aware of issues with their property (such as a slow leak that can easily go undetected) so that they can be corrected before a serious problem arises.

In an effort to gain a competitive edge, strengthen relationships with insureds, and mitigate risk, some insurance carriers are choosing to offer in-person property inspections. From the insurance carrier’s perspective, being able to meet face-to-face with insureds and educate them about their coverage leads to more opportunities and increased customer loyalty. The property owner views the inspection as a way to stay on top of home maintenance and prevent the heartache of an uncovered claim in the future. Therefore, offering a property inspection is a win-win for all.

Partner with Insurance Risk Services for Seasonal Property Inspections
It’s unrealistic to assume that all insurance carriers have the manpower to be able to offer seasonal property inspections. Our team at Insurance Risk Services has been partnering with insurance carriers in the property and casualty insurance industry for more than 35 years to provide them with valuable underwriting support. We specialize in providing our insurance carrier partners with residential and commercial in-person property inspections to help them best determine which risks are worth taking.

When we meet with an insured to complete a property inspection, we are there on behalf of our insurance carrier partner. From the insured’s perspective, we are the face of the insurance carrier. Our experienced and professional team of property inspectors will help you to put your best foot forward with insureds and deepen customer loyalty.

Contact us at Insurance Risk Services to learn more about how you can use a property inspection to strengthen relationships, educate insureds, and mitigate risk.