For most people, a house will likely be their largest financial investment. Protecting these dwellings from the unexpected is the premise behind homeowners insurance. While damage from natural disasters and theft is covered under many standard policies, some accidents aren’t covered. Here is a helpful guide on knowing the differences before a calamity strikes.

What Is Covered? 

Damage caused by natural disasters, including tornadoes, hurricanes, hail, lightning, and wind, is usually covered by a standard homeowners insurance policy. Roof, window, and other property damage due to fallen tree limbs are covered. Homeowners insurance plans can also pick up the tab for damage caused by fire, smoke, and even volcanic eruptions.

If theft, vandalism, or looting affect your home, your insurance policy will likely compensate you. Depending on the plan, the repair and replacement costs may also be paid by your carrier if a vehicle or airplane ends up crashing into your home. Other non-natural disasters typically covered by homeowners insurance include damage caused by appliance explosions.

What Isn’t Covered?

The two main disasters not covered by homeowners insurance are floods and earthquakes. Both of these perils require separate policies. Flood coverage is typically secured through the National Flood Insurance Program, while earthquake protection is generally available through providers who offer home coverage.

Sewer system backups are typically not covered under standard homeowners insurance plans. Existing policyholders must add this protection as an endorsement. As a homeowner, you’re expected to maintain the property and take steps to guard it against  damage. Failure to do so can result in mold, mildew, termite infestation, and water leaks. In these cases, your insurance policy may not cover their resulting damages. 

Make sure to protect your home from unforeseen disasters by investing in a homeowners insurance policy that covers floods, earthquakes, and other accidents. Dunlap Agency, Inc. in Fairbanks, AK, specializes in providing customized protection for your home and surrounding structures. For more than 30 years, this independent firm has crafted affordable homeowners insurance policies from leading carriers to protect their clients. For a quote, call (907) 456-5202 or visit their website to browse their policies.