Tips on Some of the Things that Homeowners Insurance Don’t Cover
It is true that the majority of people does not understand what homeowners insurance coverage does not include. It is essential that you what some of these things are because staying in the dark can put you at a severe financial and liability risks. Read more now if you are looking forward to knowing some of this exclusions.
To start with, we have flooding. At some point you find that if you have a standard policy, it will 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. In such cases, you will not be covered from heavy rainfalls 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. One thing that you should know is that sewer backups are also some of the causes of water damage at home. You should know that sewer backup claims are not guaranteed in the typical homeowners coverage.
Not only that but we also have 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. It is essential to note that determining them is always hard because they occur in hard to access areas. The worst part is that the leaking pipes will damage the ceiling, floor, and wall and your homeowner insurance coverage does not cover this.
Besides, 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.
Also, you should also look for 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. Because of that it is good if you carry out home inspection every year since termite infestation is not covered in homeowners insurance.
Last but not least, we have nuclear hazards. One thing that you should know is that standard homeowners insurance excludes nuclear accidents plus the resulting damages.