Will my home owners insurance cover?
will my homeowners insurance cover a gas leak?
Answers:
No. If the gas leak lead to damage your homeowners will cover that.
Homeowners does not cover "Wear and tear" damage to your home. As an example, if you tolerate your roof go for 20 years with no repairs, you cant ask them to replace your roof = continuation you should have performed over time. Source(s): I'm a licensed insurance broker.
It will cover fire or explosion damage to the house, if the gas leak cause a fire or explosion.
It won't cover damage to the actual pipe, or the plumbing bill to fix the pipe, unless the leak be caused by a covered cause of loss - close to a car crashing into your pipe.
I think the peril the others may be overlooking is "totally unplanned discharge from a plumbing device". If the pipe is behind a wall or below the ground, they should at least cover the cost of getting to the pipe, and repairing any access destroy. If the pipe can be easily accessed, consequently no, as the others are correct; there is no coverage for the actual repair unless required due to another covered peril (fire, vehicles, etc, etc.) Also, preserve in mind that your rates and insurability depend a lot on your claim history. Consider your HO policy to be for hulking losses (at least $2500), sort of like core medical. If you use it for small losses, you will find your rates going up and may be cancelled (making replacement coverage far more expensive). Peace.
Related Questions:
Answers:
No. If the gas leak lead to damage your homeowners will cover that.
Homeowners does not cover "Wear and tear" damage to your home. As an example, if you tolerate your roof go for 20 years with no repairs, you cant ask them to replace your roof = continuation you should have performed over time. Source(s): I'm a licensed insurance broker.
It will cover fire or explosion damage to the house, if the gas leak cause a fire or explosion.
It won't cover damage to the actual pipe, or the plumbing bill to fix the pipe, unless the leak be caused by a covered cause of loss - close to a car crashing into your pipe.
I think the peril the others may be overlooking is "totally unplanned discharge from a plumbing device". If the pipe is behind a wall or below the ground, they should at least cover the cost of getting to the pipe, and repairing any access destroy. If the pipe can be easily accessed, consequently no, as the others are correct; there is no coverage for the actual repair unless required due to another covered peril (fire, vehicles, etc, etc.) Also, preserve in mind that your rates and insurability depend a lot on your claim history. Consider your HO policy to be for hulking losses (at least $2500), sort of like core medical. If you use it for small losses, you will find your rates going up and may be cancelled (making replacement coverage far more expensive). Peace.
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