Once you've bought a high-quality home insurance policy, you might think you're protected against any type of damage. Unfortunately, no policy covers everything. Most homeowners policies exclude several common perils which you might assume are covered. The Dunlap Agency, Inc., an experienced home insurance agency in Fairbanks, AK, shares several hazards most insurers do not cover under a standard policy. For some perils, coverage is available at an additional cost; others are almost impossible to cover.

A Home Insurance Agency Highlights 7 Perils That Aren't Covered

1. Earthquakes

Earthquake damage is too unpredictable and expensive to repair, so insurers typically exclude it as a standard coverage. If you pay a bit more, you can attach an earthquake rider to your policy. You also may have the option of purchasing a stand-alone earthquake policy.

2. Flood Damage

Flood damage is also widespread and expensive, so insurers are leery of covering it. As with earthquakes, you can buy a separate policy specifically for flood coverage for an additional premium.

3. Mold

Most providers exclude mold from general coverage under the assumption that homeowners can and should take precautions to prevent it. Most avoidable hazards are excluded from homeowners insurance.

4. Burst Water Pipes

Water damage caused by a burst pipe is covered by most home insurance policies. However, the cost to repair the broken plumbing may be excluded, as insurers consider this preventable damage.

5. Sewer Backups

Sewer backups can be a messy nightmare, and the cost of cleanup can amount to tens of thousands of dollars. Unfortunately, insurers often exclude coverage in their homeowners insurance policies, but you can purchase separate coverage for an additional premium.

6. Termite Damage

Few insurers offer coverage for termite damage. With this in mind, make a point to schedule inspections every year and termite treatments as necessary.

7. Trampoline Injuries

Trampolines are surprisingly dangerous, resulting in numerous hospital visits every year. In addition, they are what insurers call an "attractive nuisance," meaning they attract neighboring kids who may use them without permission or supervision. Because of this, injuries sustained on trampolines could be excluded. You have to purchase separate coverage for trampolines, if available.

The Dunlap Agency, Inc. is the most trusted home insurance agency in Fairbanks, AK. For more than 30 years, they have been offering customers invaluable guidance and top-quality insurance products. Visit their website to request a quote, or call (907) 456-5202 to speak with a friendly, knowledgeable agent.