As a homeowner, it’s essential to understand what your home insurance policy covers and what it does not. While home insurance policies from Mutual Insurance Partners in Follansbee, WV, provide coverage for various perils, there are some exclusions to be aware of.
Home Insurance Exclusions
Natural Disasters
Standard home insurance policies usually do not cover natural disasters like floods, earthquakes, hurricanes, or tornadoes. Therefore, if you live in an area prone to these natural disasters, you may need to purchase separate coverage for them.
Maintenance and Wear and Tear
Home insurance policies do not cover maintenance or general wear and tear damages. Therefore, it’s the homeowner’s responsibility to maintain and repair their property to prevent any damages from occurring.
Intentional Damages
Your policy does not cover any damages caused intentionally by the homeowner or any other person in the home. This exclusion includes damages resulting from criminal activities such as theft, vandalism, or arson.
Business Activities
Home insurance policies are meant to cover damages that occur at residential properties. Therefore, any losses that result from business activities, such as injuries sustained by customers or damages to business equipment, are not covered.
Floods
As mentioned earlier, floods are not covered under standard home insurance policies. If you live in an area prone to flooding, purchasing separate flood insurance coverage is advisable. If you’re unsure whether or not you should worry about flooding, we can review the likelihood with you so you can feel comfortable deciding whether or not to purchase it.
Call Our Professional Team!
Understanding what’s not covered by home insurance policies is crucial to ensure that you have adequate protection. At Mutual Insurance Partners in Follansbee, WV, we believe that homeowners should comprehensively understand their insurance coverage. Therefore, we encourage you to review your policy and ask your insurance agent any questions you may have. Then, contact us today to learn more about our home insurance policies and coverage options.
