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Definition of 'Water Damage Clause'
A clause in a property-casualty insurance contract. A water damage clause states that the insured is covered for water damage that occurs for specific reasons, such as frozen pipes or sewer backup. Water damage clauses are therefore usually included in most homeowners and renters' policies.
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Investopedia explains 'Water Damage Clause'
Water damage can be quite expensive to fix. For this reason, most homeowners and renters are willing to pay a higher price for a policy that includes this coverage. However, water damage clauses usually exclude damage from floods, for which a separate rider or policy must be purchased.
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Search results for 'Water Damage Clause'
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http://www.investopedia.com/articles/mortgages-real-estate/11/home-warranty-worth-it.asp
... such as fires, hail, property crimes and certain types of water damage that could ...
unscrupulous warranty companies may use the improper maintenance clause as an ...
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http://www.investopedia.com/articles/insurance/09/property-insurance.asp
... policy covers them in the event of a water line break. ... to actually be worth at the
time of the damage. ... for it, which may bring into play a co-insurance clause. ...
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http://financialedge.investopedia.com/financial-edge/1211/The-History-Behind-Labor-Strikes-In-Pro-Sports.aspx
... The infamous "reserve clause," once common to all major ... that, understand that little
long-term damage accrued from ... Once that was resolved, the water bailed and ...
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