Are you familiar with what is covered under your homeowner’s insurance in the case of water damage?  It is important to talk to your insurance agent to get a better understanding about what types of water damage are covered and what aren’t.  For example, flooding, unknown leaks, or on-going maintenance problems are oftentimes excluded from coverage.  In the case of heavy rain or flooding from the outside into your home- unless you have specific flood insurance- you most likely do not have coverage.