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Home insurance is designed to protect your largest asset and keep you out of major financial trouble should disaster strike. While a standard policy will cover liability and several perils, there is also quite a bit it doesn’t cover. This is why it’s crucial to know exactly what your coverage limits are so you can fill in the gaps where necessary.

The professional agents at Somers Agency make it a priority to carefully review policies with their clients to avoid unpleasant surprises. Here, they go over some common exclusions found in home insurance coverage.

7 Hazards Not Covered by Home Insurance

1. Earthquakes

Contrary to popular belief, earthquakes don’t just happen in California. Tremors can take place anywhere, and the damage they cause isn’t covered by home insurance. However, coverage can be added to a policy.

2. Floods

Flooding causes significant damage to homes every year, and it’s not typically a named peril in standard policies. Whether or not you live in a flood plain, it may be worth the extra investment to add coverage for floods at a nominal cost.

3. Sewer Backups

Sewer backups are not only messy to clean up, but it can also be quite costly. They have the potential to cause considerable damage to the structure and contents of a home, which home insurance does not cover without an endorsement.

4. Termite Damage

home insuranceTermites can silently eat away at homes for years without ever going detected. The result is often thousands of dollars in damages, and unfortunately, this would have to come out of your own pocket.

5. Burst Pipes

Although burst pipes may be covered in a home insurance policy, there are usually some exceptions. If pipes are found to have burst because of your negligence, it’s likely your insurance company will deny you coverage.

6. Mold

Mold is unsightly and unhealthy. Discovering mold growth in your home can be even more disheartening if you realize it’s not included under your insurance. The source of the mold will usually have an impact on whether or not you’re covered.

7. Sinkholes

Sinkholes are becoming a much more common occurrence, and similar to floods and earthquakes, these natural disasters are not named in homeowners insurance policies. Characterized as an act of the earth’s movement, sinkholes require an addendum if you want them covered.

The better you understand your home insurance policy, the more prepared you can be for instances like these. Assess the need for additional coverage with your insurance company to make sure you don’t find yourself facing a serious financial burden. Contact the Insurance Professionals of Somers Agency at (440) 324-3447, or visit them online to request a home insurance quote. 

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