Back in October of 2016 a post was sent to warn all homeowners of the danger of burst pipes and the precaution of shutting off your water when you are not in residence.

With the recent cold spells, we did have a house where the water pipes burst.  Unfortunately for the home owner, they had not obtained the correct dual homeowner insurance coverage.

Your HOA has a policy (Condominium/Association Policy) for all of our homeowners as part of the requirement to live in an HOA.   This coverage is through State Farm and covers your home and garage structures, but not your personal property.  The State Farm policy has a deductible of “In case of loss for All Peril of $10,000.  Water damage would come under “All Peril”

All homeowners should purchase a separate policy covering contents and other items not physically attached to the structure.  Please check with your insurance agent to make sure that you are appropriately covered, and that your Separate policy will cover what is not covered by the Association policy. Specifically, consider a rider to your contents coverage for structural damage up to $10,000 that will cover your deductible on the CHOA insurance policy.