The Limits Of Your Homeowner's Insurance Policy

It might be new to you to learn how many things are covered by a standard homeowner's insurance policy. There are many different scenarios where damages would fall under the coverage included in your plan.
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These types of incidents happen more often than most people realize. And in this article, you will be learning about what your homeowner's insurance policy covers and what limitations you should be aware of.

What Homeowner's Insurance Covers
In the case of damage, a conventional homes insurance policy will cover the cost of repairing or replacing your belongings. These insurance plans frequently cover damage caused by fire, smoke, theft, vandalism, or weather and natural catastrophes.

That coverage includes your air conditioning systems, kitchen appliances, furniture, clothing, and other belongings. Coverage for other structures within your property, such as a garage, barn, or shed, along with outdoors also included. 

What Homeowner's Insurance Does Not Cover
Usually, your standard policy does not cover earthquakes, sinkholes, and other earth movements. You can purchase earthquake insurance for an additional fee in all states except California. 

Flood insurance, which includes mudflow, is purchased as a separate policy and is available only through the National Flood Insurance Program run by the government.

In addition, various water-related damages are not covered by a conventional policy. This means that if your sump pump, sewer system, or drains overflow or backlog, your insurance will not cover the damage. However, you may obtain coverage by adding a second endorsement.

A homeowners insurance policy does not cover any damages caused by insects, birds, rust, rot, mold, and other pests. These policies do not include damage caused by smog or smoke from industrial or agricultural operations. 

The Bottomline
It's important to understand and remember the details of your policy and how much coverage you can expect when someone makes a claim.

Some lenders only need adequate coverage to pay off your mortgage, but usually, that will not be nearly enough to rebuild your home and replace your possessions.

Also, keep in mind that the reconstruction cost may rise. Changes in zoning restrictions may necessitate extra coverage, and improvements or additions to your house may raise labor or material expenses.

At Family Auto Insurance Agency, we do our best to ensure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (313) 285-9042 or Click Here to request a free quote.  Coverage discussed in this article is not guaranteed. Please contact our agents today to ensure that your needs are being met and learn more about your policy. We are happy to help!