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American Water Works Employees: Navigating the Financial Implications of Fallen Tree Damage on Your Property

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Are American Water Works employees responsible for the damage caused by a tree on their property that hits their neighbor’s home or other insured structure, such as a garage or shed?

In most cases, the answer is “no.”

When such damage occurs to your neighbor’s home due to forces outside your control (e.g., weather events), your neighbors may have to file a claim with their insurer to receive a reimbursement for the damage a fallen down tree caused.

There is one exception, however.

If it is determined that the tree damage stems from your negligence (e.g., dead limbs that you refused to cut down, or you chose to trim your tree as a weekend project), then the neighbor’s insurer may come after you to recover their loss—a process called subrogation.¹

You may want to check your policy or speak to your insurance agent to ascertain if your homeowner's policy covers your liability in cases of negligence.

When Neighbors Sue

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Some neighbors may seek to bring legal action against you, though often that is unnecessary.

For those working at American Water Works, determine what municipal laws are in place to cover such instances. Generally speaking, you are not responsible unless you knew, or should have known, about the danger. Proving what you knew or should have known can be difficult and costly in a court of law. It typically benefits both parties to arrive at a compromise that avoids an expensive legal process.

The information in this material is not intended as legal advice. Please consult legal or insurance professionals for specific information regarding your individual situation.

What type of retirement savings plan does American Water Works offer to its employees?

American Water Works offers a 401(k) retirement savings plan to its employees.

How can employees of American Water Works enroll in the 401(k) plan?

Employees of American Water Works can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.

Does American Water Works match employee contributions to the 401(k) plan?

Yes, American Water Works provides a matching contribution to employee 401(k) plan contributions, subject to certain limits.

What is the maximum contribution limit for the American Water Works 401(k) plan?

The maximum contribution limit for the American Water Works 401(k) plan is determined by IRS guidelines, which may change annually.

Can employees of American Water Works take loans against their 401(k) savings?

Yes, American Water Works allows employees to take loans against their 401(k) savings, subject to the plan’s terms and conditions.

What investment options are available in the American Water Works 401(k) plan?

The American Water Works 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

When can employees of American Water Works start withdrawing from their 401(k) accounts?

Employees of American Water Works can start withdrawing from their 401(k) accounts at age 59½, or earlier under certain circumstances.

Is there a vesting schedule for employer contributions in the American Water Works 401(k) plan?

Yes, American Water Works has a vesting schedule for employer contributions, which determines how much of the employer match employees are entitled to based on their years of service.

How often can employees of American Water Works change their 401(k) contribution amounts?

Employees of American Water Works can change their 401(k) contribution amounts at any time, subject to plan rules.

Does American Water Works provide educational resources for employees regarding their 401(k) plan?

Yes, American Water Works provides educational resources and tools to help employees understand their 401(k) plan and make informed investment decisions.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

American Water Works announced a significant restructuring that includes layoffs and a reorganization of its pension plan. This is part of a broader effort to streamline operations and reduce costs.

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For more information you can reach the plan administrator for American Water Works at 1025 Laurel Oak Road Voorhees, NJ 8043; or by calling them at (856) 346-8200.