What is Not Covered by Homeowners Insurance?
Homeowners insurance provides essential protection for your property, but it's important to understand its limitations. Here are key exclusions typically found in homeowners insurance policies:
- Natural Disasters: Most policies do not cover damage caused by floods, earthquakes, or landslides. Separate insurance policies for these risks are usually required.
- Maintenance Issues: Damage resulting from lack of maintenance, such as mold growth or pest infestations, is generally not covered.
- Sewer Backup: A standard policy typically does not include coverage for sewer or drain backups unless specifically added.
- Home-Based Businesses: Homeowners policies usually do not cover business-related damages or liability. Business owners should consider a separate business insurance policy.
- High-Value Items: Items like jewelry, art, or collectibles may have coverage limits and might need additional riders for full protection.
- Intentional Damage: Damage caused intentionally by the homeowner or any resident is not covered.
- Government Actions: Losses due to government actions, such as zoning changes or eminent domain, are typically excluded.
It's crucial to read your policy carefully or consult with an insurance agent to understand what is and isn't covered, ensuring you have the appropriate protection for your home and belongings.