Does Homeowners Insurance Cover Structural Damage?
Homeowners insurance is designed to protect your home and personal belongings from various risks, including structural damage. Typically, a standard homeowners insurance policy will cover damage to the structure of your home caused by specific perils outlined in the policy, such as fire, storms, vandalism, and theft.
What is Covered?
When it comes to structural damage, homeowners insurance usually covers:
- Damage from natural disasters, such as hurricanes, tornadoes, and hail.
- Fire damage resulting from accidental causes.
- Vandalism or malicious mischief.
- Damage due to falling objects, like tree limbs.
Exclusions to Consider
However, it's important to note that not all types of structural damage are covered. Common exclusions may include:
- Flood damage typically requires separate flood insurance.
- Earthquake damage may not be covered unless you purchase additional coverage.
- Neglect or lack of maintenance is generally not covered.
Final Thoughts
To ensure you have the right coverage, it is crucial to review your policy details and understand the perils that are included or excluded. Consulting with your insurance agent can provide clarity on specific coverages and help tailor a policy that meets your needs.