While getting a home insurance policy is essential for any homeowner, it's important to understand what isn't included in coverage. Even comprehensive plans don’t cover everything that could happen without adding supplements or riders. The insurance team at Rio Grande Insurance in Espanola, NM, explains a few situations standard policies may exclude. 

Rare Natural Disasters

Most natural disasters are covered under a traditional home insurance policy, such as fires, hurricanes, or lightning strikes. However, more unlikely situations aren't included, like earthquakes, floods, landslides, or sinkholes. If you live in an area prone to any of these calamities, secure additional coverage.  

Certain Valuable Possessions

While policies cover a certain amount of property loss, speak with your insurance agent about what assets aren't included. There is usually limited coverage for jewelry or artwork, for example, meaning you might not get the full value back. Umbrella or personal property policies may supplement coverage.

Tenants & Non-Family Members

While home insurance provides a certain amount of liability protection, it may be insufficient in situations where you have non-family members living in the home or tenants renting a room or basement. Also, most policies provide only $100,000 in personal liability. Insurance agents recommend tripling this amount. 

Particular Dog Breeds

Dog bites or other injuries caused by pets are more common than you might think. Fortunately, home insurance covers these incidents. However, most carriers have restrictions for certain breeds. Pit bulls and Rottweilers are among the commonly excluded dogs. 

If you're interested in purchasing home insurance or learning more about how to supplement your coverage, visit the team at Rio Grande Insurance in Espanola, NM. With more than 30 years of experience, they work with hand-selected national providers to ensure you get the best policy at an affordable rate. Whether you're looking for home insurance, life, business or any other coverage, they will find a solution to suit your budget. To learn more about their insurance options available, visit them online or call (505) 753-2151 to speak with an agent today.