Most homeowners have no idea if their homeowners policy covers water backup at all. So it’s no surprise they are not aware this ‘Optional’ coverage even exists, yet alone how much water backup coverage they may need.
Many home insurance policies, either cover a maximum of $5,000 for water backup claims or exclude coverage all together. If this is you, you will want to re-think your current coverage. You can usually increase this to $20,000 for around $8 extra a month, or roughly two cups of Starbucks Coffee.
Water damage is the 2nd most common type of a homeowners claim. (Wind/Hail is #1) This means that water claims are both common, and can be very costly with the wrong insurance.