What Is Sprinkler Insurance?
<lingo>Sprinkler insurance usually refers to leakage protection for automatic systems. Because water damage can be so destructive to a home, sprinkler insurance may cover both the direct and indirect consequences of a leak. For example, it may pay to restore the exterior of the home as well as the resulting mold that occurred due to the leak. However, sprinkler insurance may also refer to physical damage due to a natural disaster or vandalism. Whether used for fire protection or outdoor watering purposes, this insurance will compensate for sprinkler damage and the cost to fix the infrastructure. Generally, sprinkler insurance will be incorporated into the overall home insurance policy (falling under general property damage), though homeowners may need to negotiate the exact terms.</lingo>
Sprinkler Insurance Explained
Homeowners are highly encouraged to talk to their insurance company about the kind of sprinklers they have and the level of protection they want. Some insurance companies will add sprinkler insurance as an addendum to the regular policy. They may cover everything from property loss to living expenses (should a family need to move out due to water damage).
Others will exclude indirect consequences unless the policy states otherwise. It's especially important to update the insurance company should a homeowner install or upgrade their sprinkler system. This home improvement will increase the value of the property, and it needs to be registered first for it to be covered in the event of a problem.
<twitter>Sprinkler insurance usually refers to leakage protection for automatic systems. Because water damage can be so destructive to a home, sprinkler insurance may cover both the direct and indirect consequences of a leak.</twitter>
In addition to adjusting the policy terms, some homeowners may even receive a discount on their premium should they install fire sprinklers. (Sprinklers in the home will limit the destruction of a fire, which is good news for the insurance company.) Finally, some sprinkler insurance will actually be covered by supplemental flood insurance.
For example, if a tornado caused a pipe to burst in your sprinkler system which then caused flooding in the home, this event would fall under flood insurance rather than home insurance. Because flood insurance is generally not included in home insurance, homeowners need to be aware of the risks of failing to get additional coverage.
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