Owning a home is fraught with worry about all of the ways it is exposed to damage. Most homeowners insurance policies cover events like fire, windstorm, hail, and other perils. However, it’s important to know about the three perils that are often not covered under a standard policy.
You may think landslide would be covered because it often follows other natural disasters, yet it is frequently a named exclusion. You can and should purchase landslide insurance if you live in an area prone to such occurrences, including houses built on steep slopes and in areas with heavy yearly rainfall.
One of the most devastating events to happen to a home is a flood. While water damage from appliances or pipes breaking apart is typically covered, any water that comes into the home from outside and causes damages is considered a flood. Flood coverage is required in some geographic areas based on historical flood maps, but you don’t have to be in a designated zone to experience a loss or purchase coverage.
Termites, carpenter ants, and rodents can all cause significant damage to the structural integrity of the home. Despite the fact that it is due to a force of nature in a roundabout way, vermin infestation is still not covered.
Knowing what may not be covered under a homeowners policy can help you determine additional coverages to purchase. In addition, you’ll also understand which risks you are required to take on yourself.