A typical home insurance policy is in place to protect you financially in case of fire, storm, or other types of damage to your home and belongings. However, most insurers have exclusions, or perils that they do not cover in a basic homeowners policy. Accredited Insurance Group, Inc. the leading insurance agency in Omaha, NE, discusses some of the most common exclusions to help you understand what your home insurance policy likely does not cover.

Perils Your Home Insurance Policy Does Not Cover

Flood Damage

Flood damage, whether it's caused by a rising river, oversaturated ground, a storm, or overflowing lakes or ponds, is almost never covered by a standard homeowner's policy. You can purchase separate flood insurance to protect against these perils, but it costs extra. However, note that water damage due to a burst pipe is typically covered, while damage caused by a long-term leak or maintenance problem is not.

Sewer Backups

Sewer backups occur when the line to the sewer main becomes clogged, causing waste and wastewater from to overflow into your home. It can befoul flooring, walls, and furniture, and even damage the electrical system of your home. You can purchase a separate sewage endorsement, but most basic home insurance policies do not cover this type of damage.

Mold

Mold, which is a common problem in homes that have experienced flooding or sewage backups, is also not covered in many homeowners policies. You can usually purchase mold coverage for an additional fee. This is often a wise decision, since mold can cause respiratory problems and exacerbate allergies.

Termites

Termites thrive in damp areas near the ground, like basements and crawl spaces. They work quickly and silently, burrowing through wood to find cellulose, which they consume. They can cause irreparable harm to your home's structure. Unfortunately, home insurance does not cover termite damage. Schedule a yearly termite inspection to minimize the possibility of damage.

Accredited Insurance Group, Inc. the most trusted and experienced insurance agency in Omaha, NE, can help you purchase affordable home insurance and additional coverage to protect you against risks that are commonly excluded. Visit their website to request an insurance quote, or call (402) 334-1780 to discuss your options.