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Home/Condo/Renters - FAQ`s
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I know flood is not covered, but my sump pump recently failed and overflowed. Why the damage to my finished basement not covered under my Homeowners Policy?
Admin
This is a great question... At Source Insurance Group, we actually go over this issue before you purchase your Homeowners Policy from us. Most Carriers have an endorsement (water backup) you can add to your policy for a nominal cost. It covers most damage caused by water backing up through sewers or drains. (please refer to a policy and endorsement for more details.)
Does my Homeowners cover my mortgage in the event of death or disability?
Admin
Source Insurance Group has been asked this question a lot. You need a seperate Life Insurance Policy and Disability Policy to help cover your expenses or those of your survivors. See our Life section for more information.
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