Updated 05/16/22
It is a nightmare to buy a house and later find out there were hidden damages not listed or mentioned. Purchasing a home is already expensive, and most homeowners take mortgages. The expense of fixing some cracks like water or wiring issues is over the roof. It is essential that before making a purchase you ask if there is any water damage and see if it is repairable, especially if the house is close to a waterbody.
Houses found close to rivers, and lakes are at risk of getting flooded during the rainy period. Real estate agents may decide to sell the house at a throw-away price because of such issues. However, as the homeowner, you should be keen to check the flood damage insurance claim list. If the kitchen area has drainage problems, ask for a kitchen flooded insurance cover. Additionally, having the contacts of a flood damage restoration company is of great help.
Water damage insurance definition differs from one insurance company to another. However, the insurance covers protect homeowners from any damages caused by water that is not a result of negligence. Insurance companies must prove the cause of the damage before compensating. Also, this insurance coverage may be combined with the home insurance cover. One should ask as many questions as possible about the exterior and interior of the house before purchasing will help you make a wise purchase.
Many homeowners don’t think their homes are in danger of having water damage, but the truth is that most homes run the risk of having damage — and many homes already have water damage, but newer homeowners aren’t aware of it. Most professionals in the housing market would advise against buying a home with existing water damage, but many new homeowners find that their house has water damage only after they’ve moved in. But why do potential homeowners need to start paying more attention to the possibility of water damage?
- Water damage, when left untreated, will very likely cause mold growth and endanger the health of all residents — humans and animals alike. The most common health issues associated with mold growth are allergic reactions and respiratory problems. If residents move into a new home and experience these problems, it is important to call in a professional service to inspect the structure of the house and determine whether mold growth is present.
- Homeowners should always be aware of the surrounding environmental conditions near their homes. Certain areas tend to be flood prone areas, with a greater risk for erosion damage or drainage problems than other areas. This could differ from city to city, or may differ between neighboring houses. A prospective homeowner looking at homes in flood risk areas should make sure to check if the current owners have had to treat water damage in the past and if they have used professional waterproofing products.
- The best thing homeowners can do to shield their homes against water damage is to bring in a professional service to install exterior and/or interior basement waterproofing. Of course, many new homeowners have found out about preexisting damage after moving into a new house, when preventative measures aren’t enough. In the event of preexisting damage, homeowners should first call in a service for water damage repair, and then decide on preventative measures which will be most beneficial.Many homeowners choose to file lawsuits if they move into a new house with preexisting water damage which the previous owners had not mentioned, and there are law firms that specifically focus on homeowner issues like this. But it is perhaps even more important for homeowners to repair the damage and prevent any more future water damage, as quickly as possible. Links like this.
