Quote:
Originally Posted by undercoverbrother
Well I know Chubb used to cover (may still do) seepage if it could be shown to be the first incident. I also believe Intact covers some water through the foundation dependant upon the circumstances.
My point was that with the auto policy it is the same word for word between companies. Such is not the case with property policies.
I should also note that the way companies interprete the policy also is different. Hail is a good example. Some companies will wrap a house, some will attempt to match and only replace the damaged side/pieces. Same goes for roofs.
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Chubb is not a regular carrier though. They typically cater to the higher end homes. They typically don't look at properties with a rebuilding cost under $750k.
Intact most certainly won't cover seepage, nor will any other regular line insurance company for that matter. I can point to the massive flooding we had in 2007(?) as proof. The Alberta Government had to step in as this is not covered by normal homeowner policies.
The approach to repair or replace entire siding/roofing is done case by case with all insurers.