One of the biggest mistakes people make when it comes to homeowners insurance is failing to understand what it covers. Unfortunately, standard policies don’t provide protection against every kind of disaster that can arise, which means there can be gaps in coverage. By learning the limitations of your policy now, you can avoid an unpleasant surprise in the future and take the proper steps to mitigate your financial risk. Here are a few perils that are typically excluded. 

What Disasters Aren’t Generally Included in Homeowners Insurance Coverage?

1. Earth Movements 

While some parts of the country may be more prone to earthquakes than others, they can potentially happen anywhere, often causing significant damage. Problems resulting from earthquakes, or similar events like sinkholes, aren’t covered. However, you can purchase a separate earthquake policy. 

2. Flooding 

Any type of flooding that occurs from sewer backups or weather-related events isn’t generally covered by a basic homeowners insurance policy. If you rely on a septic system to eliminate household waste, you may want to consider adding a rider specifically for backups. Also, if you live in an area with a high risk of flooding due to hurricanes or heavy rain, consider buying a separate flood policy. 

3. Certain Dog Breeds 

Most dogs are loving and loyal companions, but some can be a serious liability. Dog bites account for a large percentage of homeowners insurance claims each year. As such, many insurers exclude coverage for breeds that are known to have an aggressive nature. These include Pit Bulls, German Shepherds, Rottweilers, Akitas, Doberman Pinschers, and Mastiffs. If you have a restricted breed, you may need a specialized liability policy written for dog owners. 

4. Termite Damage 

Wood-eating termites cause millions of dollars in property damage annually. This can be especially devastating for homeowners since repairs aren’t usually covered by insurance. Insurers commonly view this as a maintenance issue, which means it’s up to you to prevent termite infestations. Schedule regular inspections, repair leaks right away, and closely monitor all wood features around the home for signs of activity. 

Whether it’s your first time buying homeowners insurance or you’re unsure if your current policy is adequate, the professionals at Alvarez Insurance Agency can help you secure the protection you need. They’ll go above and beyond to assess your unique risks and find the most appropriate coverage solutions. For nearly two decades, they’ve been entrusted to provide Omaha, NE, residents with quality products at affordable rates. Call (402) 733-1878 to schedule an insurance review, or visit their website to request a quote.