If your home has sustained any basement flooding or water damage, your insurance will most likely cover those costs if you have coverage. But basement waterproofing is different. Aside from repairing water damage, you will also be implementing a system to prevent future issues. This means things like sump pumps, dehumidifiers, and more will most likely not be covered by a home insurance provider. If you are looking for assistance in funding your basement waterproofing project, your local waterproofing contractor might be able to help with financing options or home improvement loans.