Is 10k for water damage sufficient?

[Konrad R.]

The policy I was quoted has a 10,000 limit for backup or discharge of water. I'm concerned about a pipe bursting and ruining the floors, drywall, and kitchen cabinets. Do you think 10K is sufficient? What is the normal coverage for this? This is for a duplex (both sides 750sqft).

[Jay Dewberry]

Perhaps consulting a general contractor on costs to repair/replace your concerned potential damaged area (per sq. ft) could give you a little more insight. Just make sure you check your declaration page for details covered. Make sure it outlines what will/and wont be covered under "Water Damage". Insurance policies can be sneaky when interpreting damage. For example...under water damage, if water/rain hits your house and goes into your home...its most likely covered. But if water/rain hits the ground and goes into your home, its not (depending on your policy). So if you have a busted pipe, roof leak, or faulty pumps it may be likely to be covered. If it were me, I would get quotes for an HO-3 style policy(DP-3 for rentals) which is one of the more comprehensive style "open peril" policies when it comes to assessing possible damages to your home. Hope this helps. Good Luck.