Buying a home is thrilling. But it does not come easy. You probably spent all your life savings owning it. That said, the best thing you can do is to protect it with home insurance in case of an unfortunate event. But before you purchase that policy, you must know what it entails. What does it cover? What are the exclusions?
What many people don’t know is that your home insurance does not cover all the perils. And knowing about home insurance exclusions is essential, especially when filing a claim. Coastal Premier Insurance Group shares the standard exclusions of home insurance:
- Earth movements: A standard home insurance does not cover earth movements like sinkholes, earthquakes, landslides, and mudslides. In most cases, you will need to purchase separate insurance to cover these earth movements.
- Water damage: Water damage such as flood is not included in your home insurance. Other water damages excluded in your home insurance are sewer drains or systems and overflows from sump pimp. Luckily, you can consider endorsements or riders to cover your home against these risks that are more common than you think.
- Mold and pest damage: Mold damage caused by home defects, floods, or leaks is also excluded from your home insurance. Similarly, damage by pests isn’t covered by your typical home insurance. The good news is that optimal maintenance for your home can keep mold and pests away from your premises.
- Wind damage: A standard home insurance does not cover wind damage like hurricanes. If you are in a zone prone to hurricanes, make sure you purchase additional coverage.
Home insurance in Boca Raton, FL
Before purchasing home insurance, make sure you read through the policy to understand what’s covered and not covered to avoid disappointment during a claim. For all your home insurance needs, please make Coastal Premier Insurance Group your preferred insurance agent.