Homeowners Insurance Doesn’t Cover All Catastrophes

Congratulations! You’re a homeowner! With the pride this accomplishment entails, you’ve also quickly become familiar with all of the obscure yet critical details, responsibilities and laws it includes. Here’s a primer on some items not covered by typical homeowners insurance and what additional policies might be needed to protect your investment.

Earth. Anything that can do the hokey pokey and move your home around; earth movement that lifts, lowers, shifts, sinks, expands or contracts your home is included in this category.

Water. The ultimate “other” category; damage not covered by a standard policy, including items such as sewer main blockages, stormwater and backups from growing tree roots. Also, while damage from an exploding water heater might be covered, you’re responsible for the cost to replace the unit.

Maintenance. Become familiar with how insurance views “general maintenance”; items not covered are defined as “neglect” or “failure to properly maintain” your property. This can include rust, rot, mold and general wear and tear. Other notable items include damage from termites, insects, birds or rodents. Depending on your proximity to industrial or agricultural operations, damage caused by smog or smoke may also not be covered.

Prized possessions. Many standard policies only cover losses due to theft up to $1,500. So on top of the emotional damage as an unfortunate victim of burglary, you’ll also have to go through the process of replacing precious jewelry and other high-value items.

If you’re a new homeowner or haven’t updated your policy in years, it might be time for a second look. Give us a call today, and we’ll help to make sure that you’re pragmatically protected.