Home Insurance Exclusions!
What is not Covered in the Event of a Claim
It is important to avoid an unwelcome surprise, that you are very clear on what is not covered under the insurance policy protecting your home. For this post I am going to paraphrase those terms found under “Exclusions” in your policy to make it easier to understand.
“the two most common exclusions are flood & earthquake”
Here they are the Losses you are not covered for!
The two most common exclusions are:
Flood – which is damage caused by water coming from outside your home, such as water entering your lower level or seeping in thru the foundation.
Earthquake – or earth movement, that causes damage to your home
But there are other exclusions you should be aware of to avoid surprises
Wear & Tear – normally referred to as gradual loss
Contamination – damage caused to your property from pollution, such as oil
Loss by Animals – a broad exclusion, but think of termites
Freezing Water – when a building is left vacant freeze damage is excluded
Nuclear/Radiation – this damage is not covered
Act of War – must be a declared conflict
Fungi/Mold – policies exclude coverage, but generally provide $10,000 for clean-up/remediation
Computer Error – think of being hacked, it’s not covered but you can buy this coverage separately
Intentional Acts – if you light the fire, it will not be covered
Criminal Acts – cannot break the law and be covered
Faulty Planning or Construction – liability would be addressed by builder/architect
All home policies differ in the language, and then the list of exclusion language as well, but in a general sense these are the most common.
If you have a question on your home policy email Kyle at firstname.lastname@example.org or call 203.698.9342 to get the intel you need..