Common Coverage Excluded from Homeowners Insurance

Minature House in HandsHomeowners should be informed of what their homeowners’ insurance covers and what it does not. Failure to completely understand your policy can result in a lack of adequate coverage when you need it most. Below are the top four coverage options that many homeowners do not realize are excluded in their policy:

  • Floods – Many homeowners have no idea that the standard homeowners’ insurance policy comes with specific definitions for which type of water damage is covered. A safe rule of thumb to determine whether or not you will receive coverage is if the water came from outside, if it did, you are out of luck. Water damage refers to a burst pipe or an overflowing toilet, whereas flood damage refers to rising water that seeps into your property. In order to receive coverage for flood damage, you must obtain exclusive coverage under a flood insurance policy.
  • Earthquakes – We never know when the ground will decide to shake, which is why it is important to obtain earthquake insurance, even if you do not live in a designated quake zone. Imagine the damage an earthquake could cause to your most important investment, and without earthquake insurance, you would be left paying for the repair expenses out of your own pocket.
  • Maintenance Damage – Despite common belief, you are responsible for maintaining your home to protect it from the various threats out there. In any incident where your homeowners’ insurance adjuster suspects lack of maintenance it could affect your coverage.
  • Sewer Backup – Most homeowners policies don’t cover sewers, drains and sump pumps. Check with your current agent or insurance company to see if you can obtain sewer backup coverage that will allow you to feel confident in your home’s security.

Contact Michael Davis Insurance for all of your homeowners’ insurance needs. We can help you seek exclusive policies and homeowners’ insurance endorsements to safeguard your most important investment to the fullest.

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