Choosing the right level of insurance coverage for your home not only requires you to understand what is included in your policy, but also what perils are excluded. The reason this is so important is that many of the perils that are excluded from a standard home insurance policy can be covered through the use of an insurance rider or add-on. Whether or not you should choose to add this extra coverage will depend greatly upon the risk associated with each peril and the geographical location where you live. Continue reading below to learn more about three of the most common perils that are often excluded from a standard home insurance policy.
Termite Damage
Termites are arguably one of the most destructive insects. This is because these common pests have the ability to cause significant damage to a home or personal property before the homeowner is even aware of their presence. In some cases, the damage done by these pests can render a house inhabitable until after repairs have been completed. Unfortunately, unless you have purchased a rider for this type of damage, the repairs required after suffering a termite infestation will not be covered by your homeowners insurance. Since termites can be found in all areas of the country, purchasing termite coverage is a good idea for all homeowners.
Flooding
The issue of flood damage can get a bit complicated when it comes to home insurance coverage. This is because whether or not you are covered for this type of damage will all depend on the cause of the flooding and whether or not you have purchased additional flood insurance. If your home suffers water damage as the result of a burst pipe or broken water heater, the resulting repairs would be covered by a standard home insurance policy. However, if your home floods as the result of heavy rains or a sump pump backup, this damage will not be covered. In order to ensure you are covered no matter what the cause of your flooding may be, you will need to purchase flood insurance in addition to your standard homeowners insurance.
Earthquakes
An earthquake can easily cause structural damage to a home, as well as damage many of your personal belongings. Unfortunately, earthquake damage is not covered under most standard home insurance policies. While this will not be a problem if you live in an area that is not prone to earthquakes, it can be a serious issue if you live in a city that is located along a natural fault line. If you live in an area that is at risk of experiencing an earthquake, you will want to add earthquake coverage to your home insurance policy.
For more information, contact a home insurance group such as Kyle Insurance group LLC.
Share1 April 2022
Hi there, my name is Donald Regaldo. I would like to share the different coverage types, and amounts available for home insurance policies. Setting up and maintaining a home insurance policy seems to overwhelm or frustrate nearly everyone. These protective policies do not need to be so confusing, however. You can learn all there is to know about this subject to stay in control of your insurance plans. By learning the ropes, you can save money while keeping your coverage amounts at the right level. With the right plan, home insurance can save you and your family from devastation after a loss caused by theft or fire. Feel free to come by my site anytime to learn more about home insurance coverage.
