2. AmEx isnât for everyone. All of their cards require excellent credit and they donât do balance transfer deals, making them less attractive to anyone who carries a balance. But if youâre after cash back and travel perks, consider one (or a couple, like I currently have). 1  Best for travel benefits.
3. Broken pipes. A standard homeowners insurance policy provides coverage for damage resulting from sudden breaks of pipes and leaks inside the home. But the water damage must be the result of a sudden break or leak. Water damage as a result of poor maintenance is considered neglect and isn't covered under a standard policy. Keep in mind, however, that breaks to outside water and sewer pipes are not covered.
Water Damage Insurance Claims vs. Flood Damage Claims When water causes damage in your home, should you file a water damage insurance claim or a flood claim? You ask. We explain. Broken pipes, overflowing bathtubs, broken toilets, burst water mains, damaged washing machine hoses and flash floods. If water damages your home, your first step is to determine whether you have a water damage claim or a flood claim.