One area that is not protected by most homeowners insurance is floods. Although some policies do offer flood insurance, it is typically a separate policy that must be purchased. Let’s take a closer look at some areas that are not typically covered by homeowners insurance.
Earthquakes – Although earthquakes are not a common occurrence in every area, they can cause major damage to a home. This type of coverage would need to be purchased separately.
Businesses in homes – If you run a business from your home, it is important to check with your insurance provider to ensure that your business is covered. Most policies will not cover damages or injuries that occur in the course of business operations, so it is important to have the right coverage.
Wear and tear from everyday use – While your insurance policy may cover damage caused by sudden and unexpected events, it typically does not cover normal wear and tear that occurs over time.
Home neglect – If damage occurs due to lack of maintenance or neglect, it is unlikely that your insurance policy will cover the repairs. It is important to keep up with routine maintenance to avoid costly repairs down the road.