When looking over your own homeowner’s insurance policy, it’s not always easy to fully understand what is and is not covered. You see water damage is covered, but are you aware that not every type of water damage is covered? There are several things not covered by a standard homeowner’s insurance policy without you even knowing.
The licensed team at Superior Insurance and Auto Tags has the expertise and knowledge to explain and help fit homeowner’s policies to the needs of Delaware Valley area homeowners.
Let’s take a look at the top five things not covered by a standard policy.
5 Things Not Covered by a Standard Homeowner’s Insurance Policy
Flooding and Water Backup
If you live in an area prone to flooding you will need to purchase a separate policy for coverage, as flooding is one of the things not covered by a standard homeowner’s insurance policy.
Water damages from burst pipes or roof leaks are typically covered as well as accidental leaks. However, water damage from a back-up such as a sewer clog or a sump pump issue wouldn’t be covered. You would need to add extra coverage.
There are also other instances where damages may not be covered by your basic policy. If you turned off the heat in your home, for example, and that resulted in burst pipes, that is considered negligence, and you would be responsible for the costs.
Pest Issues
Infestations caused by termites, bedbugs, rodents, bats, or other animals or pests are things not covered by your standard homeowner’s insurance policy. Attending to these unwanted guests is considered part of the standard care of your home and any out-buildings, and you would be solely liable. Additionally, some dog breeds are excluded from coverage and would need a separate policy.
Mold Damage
Mold damage is a situation where the cost of remediation may or may not be covered. If mold has been a result of a long-term water or rotting issue, it won’t be covered. Mold that occurs as the result of flooding does not fall within standard coverage either. However, if you have a recent plumbing issue, reach out to your insurance carrier immediately and you may be covered.
Earthquakes
The category of earthquakes includes after tremors, sinkholes, mudslides, and other earth movement, and is not covered under a standard policy. However, if you have an explosion of gas or fire due to the earth movement, that may be covered. You can add a policy to include the situations that are excluded from basic homeowner’s policies.
Potentially Dangerous or High-Priced Items
If you have a diving board, trampoline, treehouse, or other item that has the potential for personal injury, they may be excluded — or your insurer will charge you a higher amount to include liability coverage on these items. Similarly, if you have high-priced jewelry or art, you will need to consider having them appraised and obtaining appropriate coverage.
While this list of things not covered by a standard homeowner’s insurance policy might seem complicated, home insurance agents can help you properly manage your home insurance policy.
Each home insured through Superior Insurance and Auto Tags is backed up by a group of licensed and knowledgeable professionals who know the questions to ask to ensure appropriate coverage for your home and property. They will work with you to find a level of trust in your homeowner’s policy that you will be covered in the event of damage or accident. Call or contact us today for all your insurance needs.
