Long Term Damage?

by Rebecca
(Ontario, Canada)

Hello,


I've owned my home for just over 2 years. Recently the basement unit (it's a duplex, with a rental unit) reported a wet carpet. Insurance came in and determined that the plumbing leak was originating from the shower and, because it was a slow leak that had been there for many years causing damage, our insurance did not cover the costs.

I do not see how we can be blamed for long term damage when I have only been living in the house for 2 years? I was not told about this leak when we purchased the house.
After being told by my insurance company they will not cover the damage, I'm facing the repair costs all on my own (the whole shower is rotted out behind and must be replaced, along with damage in the wall from the drip, i do not think the carpet will need replacement).
I have heard that Title Insurance is made to cover you for any damages that are deemed to be long term damage, if you've owned the home for less than 5 years. Is this true? Is this the best option to pursue?

Home Insurance Claim - Long Term Damage


Hi Rebecca

Home insurance is meant to cover sudden and accidental damage. Not damage that could be prevented through regular maintenance. While it's not your fault that this has been ongoing, it's not what insurance is designed to cover.

As for title insurance - I doubt this will cover it either. But go ahead and check with the title insurance provider

Please be sure to discuss this with a licensed insurance representative. And you can try getting quotes here:

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Note: Always speak with a licensed insurance professional about your specific situation. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility.

Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind.  Make sure you review the "please read" page. Always speak with a licensed insurance professional about your specific situation.

Always speak with a licensed insurance representative about your specific situation.

This site is general in nature and there may be errors or ommissions

Please Read

Compare insurance quotes through Kanetix.ca - save time and money!