Home insurance is a way to protect what, for many people, is their largest and most important investment, so it's vital to understand what your policy guards against and what it does not. To help you, Cundiff & Company Insurance in Somerset, KY, explains some of the most common types of coverage and exclusions in the following sections. Although every insurance company is different, most adhere to the guidelines below.

Hazards Covered by Most Home Insurance Policies

A home insurance policy protects your dwelling and possessions against a variety of perils, from common events like lightning strikes, fires, and storms to once-in-a-lifetime disasters like crashing aircraft, volcanic eruptions, and riots. It normally includes losses due to theft, vandalism, smoke, falling objects, electrical discharge, ice, snow, and the spontaneous freezing, tearing, bulging, or cracking of the home. If any of these events occur, your home insurance company should pay to repair or replace any losses.

Events Typically Not Covered by Home Insurance

Other events are typically not covered by a standard home insurance policy, although you can purchase separate coverage for an additional amount to guard against some of them. Common exclusions usually arise because the event involves too many policyholders, such as floods, earthquakes, and landslides, or because it is easy for the homeowner to control, such as mold growth and pest infestations. Other exclusions include government actions, nuclear hazards, and any intentional damage caused by the policyholder.

Cundiff & Company Insurance in Somerset, KY, has been helping Pulaski County residents insure their homes for more than 40 years. Their expert staff can help you design a policy that protects you financially and fits your budget. Check out their website to learn more about their coverage options, or call (606) 679-8379 to request a home insurance quote.