When it comes to home insurance, we spend a lot of time educating clients about what is covered by a standard policy. In this article, we at Peter Laczko Insurance Inc. in Woodstock, GA, feel it is equally important to know what is not covered in a standard homeowner insurance policy.
Policy Exclusions
When reviewing your home insurance policy paperwork, policy exclusions (things not covered in your home insurance policy) are listed in the "exclusions" section of your policy documents. They list the situations and certain events that are not covered by your home insurance policy. It is vital to be aware of what’s excluded so that you can be knowledgeable about potential gaps within your policy coverages.
What is excluded from a standard home insurance policy?
Common policy exclusions on a standard home insurance policy include the following:
- Earthquakes, landslides, sinkholes, and other forms of earth movement.
- Water damage from leaks, floods, and sewer backup.
- Normal wear and tear and damage from lack of adequate maintenance.
- War and nuclear hazards.
- Government actions.
- A covered peril does not cause wet rot and mold.
- Pest infestation damage by birds, rodents, termites, and insects.
- Damage from power surges that your utility company caused.
- Home-based business liability.
It’s important to note that just because some things are excluded from a standard home insurance policy doesn’t mean you can’t purchase additional coverage for "some" of those circumstances, such as flood or earthquake coverage.
Give us a call today!
We are here to help you learn more about home insurance policies and what is covered and is not covered by a standard policy. Call Peter Laczko Insurance Inc. in Woodstock, GA, at (678) 833-2860 or toll-free at (888) 883-1650.
