Homeowners insurance is essential—it protects your home, belongings, and even visitors if accidents happen. But it doesn’t cover everything. Here are five key things your standard policy won’t pay for:
- Flood Damage – If heavy rains or a river overflow causes flooding, you’ll need separate flood insurance from FEMA. However, standard policies do cover water damage from burst pipes or sewer backups.
- Insect & Pest Damage – Termites, ants, and mice can cause serious damage, but insurers see this as a maintenance issue, meaning you’ll have to pay for extermination and repairs yourself.
- Earthquakes – Standard policies won’t cover earthquake damage. If you live in a quake-prone area, consider earthquake insurance for protection.
- Sinkholes – Like earthquakes, sinkhole damage isn’t covered. You’ll need a separate policy if your area is at risk.
- Home Businesses – If a client gets hurt at your home business, your homeowners policy won’t cover medical bills or lawsuits. A home-based business policy can provide that protection.
Knowing what isn’t covered helps you get the right protection for your home. Consider extra policies if needed!