4 Lessons Learned: Insurance

What are Some of the Things that are Not Covered in Homeowners Insurance

It is true that the majority of people does not understand what homeowners insurance coverage does not include. It is essential that you know about some of this thing that is not covered in your insurance coverage as lack of information can put you in a severe financial and liability risks. Here are some of the points that will help you to learn more info about what homeowners insurance does do not cover.

Flooding is one of the things that homeowners insurance do not cover. At some point you find that if you have a standard policy, it will only cover you for the water damage that has been caused by the leaky dishwater. Such policies does not include protection from floods caused by natural disasters. In such cases, you will not be covered from heavy rainfalls or an overflowing body of water. Therefore, it is essential that you obtain flood insurance if you live in areas that are prone to flood.

Besides, we have sewer backups. You find that sewer backups are also one of the causes of water damage claims in your homes. But this is something that is not contained in the standard homeowner’s insurance coverage.

Besides, we have gradual damage. It is essential to note that a gradual damage is a type of damage that occurs little by little over a long time. This is because most of them occur in hard to access areas such as roof, plumbing leaks, electrical wiring among others. The worst part is that the leaking pipes will damage the ceiling, floor, and wall and your homeowner insurance coverage does not cover this.

Besides, there is also normal wear and tear. One thing that you should know that your roof protects both the outside and inside of your house by keeping away water. Because of that, it can result in severe water damage when it starts to wear out. In this case, it will be important that you focus on the signs of needed gutter replacement or repairs. You find that with this you will have to fix them on your own because it is not covered in your insurance policy.

Also, you should also look for termite infestation. It is essential to note that termite is not something to play around with because they are very destructive and controlling them can cost you a lot of cash. It is essential to note that damages caused by termite are not covered by the homeowners’ insurance, and because of that it will be better if you carry out home inspection every year.

Last but not least, we have nuclear hazards. It is essential to note that typical homeowners insurance does not cater for nuclear accidents and their resulting damages.