12 Home Insurance Exclusions You Must Know About
Tuesday, 20 August 2024, 16:13
Understand Home Insurance Exclusions
Home insurance exclusions can significantly impact your policy. Being aware of these exclusions can prevent unwanted surprises during claims.
12 Essential Home Insurance Exclusions
- Flood Damage: Standard policies often exclude flood-related damages.
- Earthquake Damage: Many policies do not cover damages from earthquakes.
- Pest Infestations: Damage caused by pests is frequently excluded.
- Neglect: Lack of maintenance can void your coverage.
- Home Business: Operations from home typically aren’t covered.
- Intentional Damage: Claims arising from intentional damage are dismissed.
- Acts of War: Any damages tied to war are not compensated.
- Wear and Tear: Regular wear is not included in most policies.
- High-Value Items: Jewelry and collectibles might need extra coverage.
- Secondary Homes: Coverage varies significantly for secondary residences.
- Acts of Nature: Some natural disasters may be excluded.
- Maintenance Issues: Leaks from old pipes might not be covered.
Understanding these exclusions ensures you have the right home insurance coverage.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.