How can I protect my home from water damage?

Water damage is one of the most common problems affecting homeowners today. In fact, the Insurance Information Institute reports that in 2010 it accounted for 22 percent of all U.S. homeowners’ insurance claims, with the average claim being $5,531. That’s why you need to have the right amount and type of insurance coverage. The Institute says standard homeowners insurance covers burst pipes, wind-driven rain, and damage resulting from ice dams on your roof. Some policies cover sewer and drain backups, but many don’t. In general, water coming from the top down (such as rain) is covered by a standard homeowners policy. Water coming from the bottom up (such as from a river) is covered by separate flood insurance. You can buy this from the National Flood Insurance Program and from some private insurers. The best way to prevent water damage is proper maintenance. For some excellent tips on such subjects as avoiding frozen pipes, replacing and maintaining bathroom fixtures and installing an emergency pressure release valve in your plumbing system, see the water damage section at the web site for the Institute for Business & Home Safety, www.disastersafety.org.