What Might your Home Insurance Not Cover?

Posted by Kris Lindahl on Monday, December 1st, 2014 at 11:01pm.

Insurance - Image Credit: https://www.flickr.com/photos/dhilowitz/4560586060

Many homeowners buy a home insurance policy and get standard coverage without looking into it much further. The issue homeowners then face is that there could be gaps in your coverage that you didn’t even know about.

It will typically cover things like theft and some natural disasters but there are many areas that your policy is not going to be covered like pests and floods. Here is a look at what home insurance doesn’t typically cover that you may want to seek extra coverage for.

Floods, Earthquakes and Sinkholes

While fire, wind, ice and lighting are typically covered, floods, earthquakes and sinkholes are usually not. If you experience flood damage, you usually will need to have purchased a flood insurance policy through a national flood insurance program. Some lenders will require it for the loan but not all will if you live in a low-risk flood zone. 25% of claims for this come outside of high-risk flood zones.

Sinkholes are common in the states of Florida, Alabama, Texas, Pennsylvania, Kentucky, Tennessee and Missouri. Sinkholes cause cracks in floors, walls and the foundation. It falls under earthquake coverage so your best bet is to get that option added. Earthquakes aren’t typically covered so this insurance would cover both natural disasters. They can both cause awful damage to your home.

Pests & Mold

Getting mold in your home is very dangerous. Your family will have health problems and can make it uninhabitable. Purchase additional coverage if you aren’t covered sufficiently for this.

You can also get pests issues in your home that aren’t typically covered. This could include termites, rats and bed bugs. If a rat chews through electrical wiring or your wood support Is destroyed from termites, you’re going to have an expensive tab. Keep an eye out for signs of pests and call an exterminator if you spot any issues and for annual checkups.

Call your insurance provider to find out what is and is not covered in your policy.

Kris Lindahl
Kris Lindahl Real Estate
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