An important question to ask is what the ceiling leak sudden and accidental? For example did a storm blow through causing the ceiling to leak. If this is a case you should have coverage. However if this is a long standing problem due to wear, tear and deterioration most likely you would not be covered. Talk to your local agent to discuss the specifics of your potential loss.
Homeowners Insurance policies generally do cover ceiling leaks; however, one must be cautious on this topic. Primarily, we must discover the cause of loss and make sure that the cause of loss is one of the covered perils on the policy. We must be certain that there were no exclusions on the policy (i.e. Roof Leaking Exclusion). In few situations, a carrier may be willing to insure a home knowing that the roof is not in good condition, it has been known for few carriers to accept a roof exclusion and in this case, the policy would not cover leaks as a result of the known and exluded condition.
If the loss is covered, items that will affect the payout of the claim would be Depreciation (if the policy is not a replacement cost policy) and the selected Deductible which will be deducted from the final payout!
For information on a homeowners policy, please review the following: http://www.HDAinsurance.com/homeowners.html
Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
Perhaps yes, but it is important to talk to your insurance professional about your policy and the cause of the leak. If the damage is caused by a covered loss, then the claim will be settled but of course subject to your deductible. Here in CT this past winter we once again saw a number of claims lke this that were ice dam related.
A homeowner’s policy covers damages caused by a named peril (i.e. fire.) Deterioration is rarely covered under a homeowner’s policy. The roof is a piece of the residence that is treated differently when it comes to a claim. Most companies do not replace a roof; rather they pay for the actual cash value of the roof, or the depreciated value. If the roofing is the problem and it is not the result of a storm or something breaking it, then coverage isn’t likely.
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If the loss is covered, items that will affect the payout of the claim would be Depreciation (if the policy is not a replacement cost policy) and the selected Deductible which will be deducted from the final payout!
For information on a homeowners policy, please review the following: http://www.HDAinsurance.com/homeowners.html