Water damage is one of the most frequent and costly disasters a household or business can face. Damage worth thousands of Euros from flooding … how often have you heard this news lately? But it’s not just the flood. A number of simpler everyday causes of water leakage in our home or business can prove extremely damaging and costly. The wise – and economical – choice for protection of our property is the correct insurance cover. Severe weather and flooding The frequency and extent of natural disasters have increased dramatically due to climate change. Risks from natural disasters as a result of climatic changes are classified into the following categories: • Geophysicist (e.g. earthquakes and landslides!) • Hydrological (e.g. rising water levels) • Climatological (including all the consequences of rising temperatures, such as drought and consequently fires!) and • Meteorological (including all the consequences of climate change, such as floods!) Water leaks In addition to weather events, other, simpler and everyday causes associated with water leaks or the appearance of damp in our space can be just as damaging, for example an unforeseen leakage from a water heater, a water, sewer pipe or radiator, a broken pipe from frost, a leak from a neighboring apartment, etc. We at Deal Insurance provide cover through insurance plans, some of which are: • Cover for flooding or storm damage (building and contents). • Cover for damage from leaking or overflow of pipes-tanks-water, heating, air conditioning (for buildings up to 40 years old) and sewerage (for buildings up to 15 years old), for building and content. • The above cover includes both damage to the pipes or installations themselves irrespective of the part that suffered the damage and the costs of detecting and repairing the break or leak. • Cover of civil liability of the owner of the residence to third parties for material damage caused to them by water and also, • Cover for damage to the insured residence (building and contents) caused by water from a neighbouring apartment/residence.
