Does your home insurance cover mold damage, sewage backup or flooding? If you're not sure, you need to read about these five common home insurance exclusions. Then, compare home insurance quotes with a licensed agent and make sure you're never caught unprepared.
1. Floods, Earthquakes and Landslides
As many homeowners found out in the aftermath of Hurricane Katrina, flood insurance is not covered under a standard home insurance policy. For protection against floods, as well as protection against damage from earthquakes and landslides, you’ll need to purchase separate insurance policies.
2. Sewage Backup
3. Aggressive Dog Breeds
Depending on your location, insurer and other factors, your home insurance may not cover liability cases caused by the following dog breeds:
o Pit bulls
o Staffordshire Terriers
o Doberman Pinschers
o Rottweilers
o Chows
o Akitas
o Presa Canarios
o Wolf-hybrids
4. Neglect
Insurers expect homeowners to care for their homes and repair minor problems. This includes sealing cracks, minimizing water damage, fixing damaged pipes, scheduling regular inspections and more.
So, for instance, if mold spreads throughout your home due to a leaky pipe that went unchecked, your insurer probably won’t cover the damage.
5. Luxury Items
If you keep especially valuable items in your home, you probably need to purchase additional theft liability coverage. Most standard home insurance policies only cover up to $1,500 for damage or theft. Items that may require additional coverage include:
o Jewelry
o Antiques
o High-end electronics
o Collectibles
To learn more about home insurance exclusions and to make sure you have the right coverage for your home, speak with an experienced home insurance agent like Jason Shroot today by calling 714-988-3325 or emailing jason@diversifiedinsurancequotes.com.
