Common Homeowners Insurance Exclusions
Common Homeowners Insurance Exclusions
While having insurance can be a life-saver, there are still limits to what insurance policies will cover. If insurance companies covered every possible kind of damage to a home, there would no longer be insurance. Why? Because insurance companies would be paying out so many claims that they would eventually go bankrupt. For this reason, insurance companies have very carefully worded contracts that state what is and what is not covered by your policy. If youโve never read the contract of your insurance policy, you should read it for your own benefit.
There are multiple kinds of home insurance policies and coverages that vary depending on your insurance company. The following is a short list of risks that are typically excluded from a homeowners policy.
- Earth movement. What does โearth movementโ include?
- Sinking– the settling of the ground under your home could cause problems to the foundation of your home, which is typically excluded from your policy.
- Rising–usually this occurs as a result of too much water in the soil, causing the soil to expand. This can also cause problems for the foundation of your home.
- Shifting
- Expanding
- Any kind of mass movements of the earth that causes damage to your home is usually not covered by insurance.
- Any groundwater that causes the flooding of your home is typically not covered by your homeowner’s policy. However, some insurance companies offer a separate policy that may provide the coverage you need. Contact your independent insurance agent to see if you can purchase an additional flood insurance policy.
- If hurricanes are common in your neck of the woods, wind damage is often excluded from your policy.
- Beware of mice, insects, and other critters–should they invade your home, youโre on your own for extermination. Too bad critters donโt pay rent!
- If the mold occurs due to negligence or poor maintenance, itโs likely youโll have to pay for the damages out of pocket.
Remember: potentially, there are many more risks that may not be covered by your policy. Always call your independent agent with questions regarding coverages. Itโs important that you know what your policy includes and excludes.
We are lucky for the risks that insurance companies do provide coverage for. Without our insurance policies, the quality of our lives would decrease tremendously with the event of a major loss. This information is simply to make you aware and better prepare you for future incidents.
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search All Blogs
Search All Blogs
Read More Blogs
Flappers, Flights & Fizzy Fridays: The Roaring Twenties You Never Knew
Dive into the 1920s beyond the speakeasies! Explore the decade’s social shifts, technological marvels, and surprising connections to modern times.
Bundle Up and Save! The Ins and Outs of Business Insurance
Unsure about business insurance? Don’t be! Learn how bundling different coverages protects your company and puts money back in your pocket.
Life Insurance Myths Busted: Unveiling the Simple Truths Behind Financial Security
Considering life insurance but confused by the myths? We clear the air on common misconceptions and show you how to get simple, affordable coverage.
Buckle Up for Savings: How Car Safety Ratings Save You Money
Crash Test Your Cash Flow: How Car Safety Ratings Impact Insurance Rates
Pool Paradise or Premium Pain? The Splashing Truth About Pool Insurance
Dive into Savings: How Pools Affect Homeowners Insurance (and How to Stay Afloat)
Lights, Camera, Action! Exploring the Real-World Locations of Your Favorite Films
Exploring the Real-World Locations of Your Favorite Films
From PJs to Productivity: Mastering the Work-From-Home Hustle
Ditch the Commute, Keep the Cash: Working From Home Hacks for Peak Performance
The Farewell Financial: Planning a Peaceful Goodbye
Beyond Goodbyes: A Guide to Navigating Funeral Costs and Life Insurance
From Death Traps to Death Beaters: How Cars Became Surprisingly Safe
Buckle Up and Breathe Easy: Unveiling the Hidden Heroes of Car Safety
Cracking the Condo Code: Your Guide to Condo Insurance
Condo Confusion Conquered! A Guide to Condo Insurance Coverage