What’s Covered and Not Covered By Homeowners Insurance

Do you know your homeowners insurance policy well? When a disaster happens, victims immediately assume that insurance covers the loss and damages. But, only then will they find out that there are specific damages that aren’t covered.

So how do you protect yourself, your family, and your home? Be aware of the standard homeowners insurance policy to know which coverage you need to add.

What does homeowners insurance cover?

Fire damage. Both your home and personal belongings are covered when damaged by fire. Make sure that your coverage is enough to replace your home and the items in it.

Living expenses. While your home is being repaired, insurers may put you up in an alternative housing for free. Like any other coverage though, there are limitations. Having knowledge of the limits will allow you to budget accordingly.

Storm damage. Standard homeowners insurance will cover your home and personal property when it gets damaged by rough weather. That includes winds and rains. But it is important to note that your policy doesn't cover flood damage. It is an additional coverage that you need to buy.

Water damage. Most homeowners policies cover water damage due to sudden pipe bursts and accidents at home.

Weather damage. If your home and personal belongings are damaged due to the weather, it is usually covered by your insurance policy. But make sure to read the specifics.

What isn’t covered by your homeowners insurance?

Earthquakes. Here in South Florida we don’t need to worry too much about earthquakes but you never know.

Flooding. As mentioned above, flood damage isn’t covered by a standard insurance policy. But you can buy separate flood coverage. Give us a call to learn more about it.

Sewer problems. Although some policies have coverage for this, it is usually an additional coverage. Sewage backups happen when there are heavy rainfall and flooding anywhere in your property.

Wear and Tear. Your insurance policy doesn't cover damage caused by age and climate. It is your duty as a homeowner to maintain your property regularly. Paint the walls, check and repair pipelines, and keep your home in a habitable condition.

What should you look for in an insurance policy?

In any insurance policy, it is important to check the costs and the terms of each coverage. Bear in mind that all policies have their limits. Here in South Florida, it’s also important to pay attention to your hurricane deductible as it’s often much higher than your standard deductible and while we’ve been lucky for awhile, you never know when the next Andrew might come along.

It is very important that you protect your investment, as well as yourself. Get a homeowners insurance policy that covers your needs. Here at American Trust Insurance, we want to help protect you and your family by reducing the financial risks of having a home. Talk to one of our agents and get a free quote now. Call us at (305) 270-2220 or visit our office today.