Does insurance cover water damage from a leaking shower?
We own the house and are preparing to sell it. The shower has been leaking for at least 2 years but we just noticed it. I am sure there is dry rot that needs to be repaired. Will my homeowners insurance cover this?
Most homeowners policies cover water damage unless that coverage is specifically excluded. Look at your policy to see what coverages are included. If water damage is covered on your policy, it's impoirtant to also understand the limits (the maximum amount your insurance comapny will pay for these damages). If you have more questions as to what is covered through your policy, you can always contact your insurance carrier.
It's very likely that your insurance company would cover the damage, however, it may not be worth your deductible or the hit to your insurance history to file a claim if you can afford to pay for the repair yourself. I would recommend getting a repair estimate before contacting your insurance company so you have a better understanding of whether or not it is worth filing a claim.
Renters insurance is extremely valuable since it is often inexpensive and provides lots of coverage when things go wrong. Specifically in your situation, your renters policy should include a "loss of use" provision that would cover temporary living expenses if you weren't able to live in your home because of a covered loss.
Unfortunately it seems like you are in a tough spot until you have moved into your new place. Lots of information is used by insurance companies to determine the rate that they will charge to insure a driver and a major factor in rating that price is your home address.