What you did not know was Covered by Homeowner’s Insurance

In Newsletter Content by Brandon St. Clair

We all know how important it is to invest in home insurance.  But what is really covered?  There are many unexpected things that can happen to your home and on your property.  We should always read the fine print in the policy itself, as not all insurance companies will honor the same claims.

Here are some surprising things that your homeowner’s insurance policy might cover.  It is important to be aware that a homeowner’s insurance policy only covers perils that are specifically listed as covered events in the policy.  Here are some important events to verify your policy covers:

  • Fire and Smoke Damage
  • Weather-related damage, such as wind damage or hail
  • Water damage from internal sources, but not from flooding
  • Theft of personal property
  • Vandalism
  • Damage caused by snow or ice on the roof (such as a collapse)
  • Damage from civil disturbances.
  • Explosions (like gas explosions)
  • Damage caused by motor vehicles or aircraft

Most homeowners’ insurance policies have the following coverages included or available* for purchase:

  • Contents, which is your personal property not affixed to the property. That is why theft of personal property is typically considered a covered event.
  • Coverage for damage to landscaping, fencing, and event outbuildings. This limit is usually 10% of your Dwelling A coverage.
  • Temporary Living Expense, or loss of use. This coverage is important if your home has been damaged to the point you cannot live in it due to a covered event.  The insurance company will reimburse you up to the limits on your policy for your living expenses during the time your home is being repaired.
  • Liability coverage in the event that you, a member of your family, or a third-party are injured on your property. This also extends to someone being bitten by your dog, which is why insurance companies exclude such coverage if you have a breed of dog that has been deemed aggressive.

*Scheduled jewelry, art and other valuables, are NOT included but are available.  You MUST request and sign up for this coverage.   In order to do so, the carrier usually requires an appraisal for each item you want covered.  It is important to document these possessions when you sign up for coverage.