Reputation: 158
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Total posts: 22
Well for starters, there is going to be a deductible for water leaks, then you have a reduction of coverage in the personal property and the coverage won't cover much of the water damages if it's under the slab. The main difference is your losing your water leak coverage or reducing the amount of coverage which farmers is willing to pay for water leaks or water damages plus adding the deductible to it. You all get the option to have less liability coverage, less personal property coverage as well and there is a few other things. My understanding, is there is max coverage of 5,000 for slab damage on the smart plan, the next gen policy doesn't have that limitations for water leaks or water damages.