Things Not Automatically Covered By Your Homeowners Insurance Policy

Article Posted by Expert Author: Carly Jorge  on 09/19/2013

Contrary to what many homeowners believe, there are some perils that aren't covered by homeowners insurance policies. And not looking at your policy's fine print could leave you without any recourse in the event that something unexpected occurs.

Problems With The Grid

While some policies do cover home appliances like refrigerators and freezers that have been the victims of a power outage, they will not cover the food items that were stored inside. You can purchase extra coverage in the form of 'refrigerated property', however, to the tune of about twenty dollars per year.

Power surges are another place where homeowners insurance coverage won't necessarily reach. If your home is struck by lightning, and lightning is listed as a covered peril on your insurance policy, then damage to items like a computer are very likely to be covered. However, if lightning isn't listed specifically, and if the surge occurs due to lower line issues, coverage will not exist. However, there may be exceptions to this, such as when a massive outage occurs, such as one that is city-wide and affects thousands of residents.

Animal Damage

Damage caused by pets is another item that you won't get reimbursed for. So keeping your new puppy away from your brand new wall-to-wall carpeting or deterring your new kitten from scratching are the best ways to prevent damage to your items.

Speaking of animals, squirrels can make your attic or other parts of your house its home and cause significant damage. But that damage won't be covered under a standard policy, many because the squirrel is classified as a rodent, and standard policies exclude damage by rodents.

Meeting Codes

And while upgrading your home to bring it up to municipal code can get up to ten percent of your costs reimbursed by Orlando homeowners insurance, that money may not be enough to cover you should damage occur to your home.

Condo Living

If your home is considered to be a condo, townhouse or co-op building and is a homeowners association member, then loss assessment insurance should be included on your insurance policy. This will allow any damage to common areas to be covered. This can be useful in cases where the homeowners association expects residents to pay for damages.

Certain Natural Events

Not all of Mother Nature's weather events will be covered by homeowners insurance. Many homeowners are surprised to discover that events like earthquakes are not covered by homeowners insurance companies. However, you may be able to get some coverage for this natural even by going for a 'named perils' clause. This clause allows you identify specific events, and will require you to pay more to be covered for those events.

Hurricanes are also not covered under homeowners insurance. Ironically, damage by hail or wind is likely to be covered.  Many companies are now being more specific about what constitutes damage from a hurricane. This is because of the fact that how close to your home a hurricane occurred can be difficult to determine, which makes an insurance liability determination equally difficult to determine.

Another type of natural event not covered is flooding. This is surprising, considering that floods are number one as far as natural disasters go in this country. But there is coverage available from The National Flood Insurance Program, even if your area represents a high flooding risk.

Areas where landslides occur are another realm not covered by homeowners insurance companies. In fact, no insurance companies will provide coverage for landslides anymore. And so the only advice here is to be careful about where you either build or choose to purchase your home.

Understanding what is and is not covered by homeowners insurance can be a real timesaver when you are faced with the unexpected that life seems to throw at us.  Let us help you make sense of this particular coverage and the specifics that it covers.


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