What are Some of the Things that are Not Covered in Homeowners Insurance
One thing that you should know is that for many homeowners they don’t know what their insurance does not cover. You find that this is something that you should know because lack of information can put you in a severe financial and liability risks. By the end of this discussion, you will be in a position to discover more things that homeowners insurance do not cover.
One of them is flooding. For instance, if you have a standard policy it might only cover you for the water damage that has been caused by the leaky dishwater. It is essential to note that such policies do not cover protection from floods caused by natural disasters. This is not good since you will not be covered from heavy rainfall or an overflowing body of water. For that matter, it will be better to purchase flood insurance if you live in high-risk flood states.
Besides, we have sewer backups. It is essential to note that sewer damage is also one of the causes of water damage. But this is something that is not contained in the standard homeowner’s insurance coverage.
Apart from that, there is also gradual damage. It is essential to note that a gradual damage is a type of damage that occurs little by little over a long time. This is because most of them occur in hard to access areas such as roof, plumbing leaks, electrical wiring among others. You find that the leaking pipes will be damaging the ceilings, walls and the floor which is not covered in your insurance.
Not only that but there is also normal wear and tear. One thing that you should know that your roof protects both the outside and inside of your house by keeping away water. Therefore, the moment it starts to malfunction it can result into severe water damage. For that matter, it will be essential that you pay attention to the signs of needed gutter replacement and repairs. It is essential to note that this will be fixed with your money since it is not included in your cover.
Apart from that, we have a termite infestation. It is essential to note that termite is not something to play around with because they are very destructive and controlling them can cost you a lot of cash. One thing that you should know is the damages caused by termite are not covered by the homeowners’ insurance, and this calls for an inspection of the house every year.
Last but not least, we have nuclear hazards. It is better to note that nuclear accidents and their resulting damages are not covered by homeowners insurance.
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