Insurance generally covers water damage that results from accidental and sudden events such as appliance overflows, burst pipes, or leaking roofs caused by storms. However, it typically does not cover damage resulting from poor maintenance, general neglect, or gradual leaks. Flood damage is also usually not included in standard homeowners' policies and requires the purchase of separate flood insurance. It is vital to carefully review your insurance policy to understand the specific coverage and exclusions that apply to your property.