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Liberty Quality Home - house and contents insurance

 

 

Article A. BASIC COVER: MATERIAL DAMAGE OR LOSSES SUSTAINED BY THE BUILDING AND / OR CONTENTS

 

Pursuant to the cover conditions of the policy and the limit on the insured sum stipulated in the schedule, material damage and / or direct material losses sustained by the building or contents due to the following causes are guaranteed:

 

A2. Water damage

 

1. Leaks and overflows

 

Direct material damage caused by escapes, leaks, overflows, the bursting of pipes and accidental and unforeseen water spills stemming from insured devices and installations, including broken fish tanks or other fixed ornamental or decorative installations containing water.

 

2. Location and repair of damage

 

When the contents are insured, any costs incurred to locate the damage, as well as the repair and / or replacement of the broken piece, are guaranteed, providing the installations in question are fixed pipes for the exclusive use of the home and except when no indemnifiable damage occurs according to the terms of this cover.

 

In case of corrosion or widespread deterioration of the plumbing and pipes in the home, the insurer's obligation is limited to indemnifying the repair of the portion of the pipes or plumbing causing the damage to the home. Any subsequent claims arising from the same cause are completely excluded.

 

3. Damage caused by water from other homes

 

Direct material damage, including leaks, caused by adjoining homes or homes located above the insured home belonging to third parties is guaranteed.

 

4. Oversights or failures

 

Direct material damage caused by water as a result of oversights and failures to close taps, faucets and similar devices is guaranteed.

 

5. Failures in fire extinguishing installations

 

Material damage caused by spills, lack of water tightness, leaks, rupture, fall failure or accidental runoff of water or any other substance used as an extinguishing element is guaranteed.

 

The limit on the indemnity for these covers shall be 100% of the insured sum for building and / or contents.

 

 

A3. Extension of cover

 

 

 

The following is not covered:

a. Damage caused due to a failure to repair, conserve or maintain the home and the installations thereof, totally or partially attributable to the policyholder or the insured, nothwithstanding that set forth in Section 2 - Location and repair of damage.

b. The location and repair of damage when, having been warned of the corrosion or widespread deterioration of the plumbing or pipes due to a previous accident, the  insured has not carried out the repair work required to maintain these installations in good condition.

c. Unblocking costs

d. The cost of repairing or adjusting taps, faucets, sanitary elements or devices and their accessories, boilers, water heaters, accumulators, radiators, air conditioners and household appliances, as well as the replacement of pieces corresponding to the upkeep of installations.

e. The cost of repairing façades or roofs, even when damage has been caused by water and leaks covered by the insurance policy.

f. Any necessary expenses incurred to correct design and construction defects in the building

g. Damage sustained by the fire extinguishing systems itself or to its installations, as well as that caused by use of the system for purposes other than those for which it was designed or the loss of the spilled liquid or substance.

h. The cost of repairing aquariums

i. Costs incurred to repair and locate septic tanks, sewers and drains

j. Damage, locating and repair expenses due to damp or condensation

k. Damage or damp stains caused by meteorilogical phenomena, except when caused by leaks in the concealed rainwater downspouts.

 

l. Location and repair expenses for leaks or malfunctions that do not cause indemnifiable damage under this policy, according to the guarantees regulated by points 1,3,4 and 5 of this WATER DAMAGE cover.

 

4. Risks excluded from all cover...

 

 

 

Optional cover

 

 

Sociedad de Agencia de Seguros Vinculada...     Linked insurance agency 

 

Liberty Quality Home - house and contents insurance

 

Glossaries ( Liberty Seguros - glossary / glosario )

 

Cover Summary 

 

Information statement

 

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