Famous Home Insurance Water Coverage Ideas. This would cover your home and belongings when damage occurs from a broken sump pump, drain, or. Does homeowners insurance cover water damage?

The average cost of water backup and sewer coverage is $50 to $250 annually, depending on your risk exposure and the limits you select. Yes, home insurance financially protects homeowners from a wide array of natural disasters. A typical homeowners insurance policy (also known as an ho3 policy) generally covers your home and your personal property and helps cover the costs of losses that result from covered.