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Updated almost 5 years ago on . Most recent reply
Landlord insurance policy with water backup coverage
Does anyone know an insurance company that offers water backup coverage for landlord policy? I recently had water issue in the basement of a rental; due to power outage because of a storm, sump-pump stopped working and the basement flooded. When I called insurance, they said they will not cover anything; I learned the hard way that my insurance company (AllState) does not cover or offer coverage for water backup issues, in a landlord policy. Since then I've tried to look for such policy, but haven't come across any company that offers it.
Please share if someone knows of a company that does offer such insurance and/or any other ideas to CYA in such situations. Thanks!