What are Some of the Things that are Not Covered in Homeowners Insurance
You find that most of the homeowners do not know what is actually not covered in their insurance. You find that this is something that you should know because lack of information can put you in a severe financial and liability risks. By the end of this discussion, you will be in a position to discover more things that homeowners insurance do not cover.
Flooding is one of the things that homeowners insurance do not cover. At some point you find that if you have a standard policy, it will only cover you for the water damage that has been caused by the leaky dishwater. It is essential to note that such policies do not cover protection from floods caused by natural disasters. In such cases, you will not be covered from heavy rainfalls or an overflowing body of water. Therefore, it is essential that you obtain flood insurance if you live in areas that are prone to flood.
Also, there is also sewer backup. You find that sewer backups are also one of the causes of water damage claims in your homes. You find that a typical homeowners insurance does not cover protection against sewer backups.
Besides, we have gradual damage. It is essential to note that a gradual damage is a type of damage that occurs little by little over a long time. Identifying them is always hard because they occur in areas that are hard to access such as the roof, plumbing leaks, wiring among others. The worst part is that the leaking pipes will damage the ceiling, floor, and wall and your homeowner insurance coverage does not cover this.
Not only that but there is also normal wear and tear. One thing that you should know that your roof protects both the outside and inside of your house by keeping away water. Therefore, the moment it starts to malfunction it can result into severe water damage. In this case, it will be important that you focus on the signs of needed gutter replacement or repairs. Remember that you will use the money from your pocket because water damage has resulted from things that were not included in your cover.
Besides, there is also termite infestation. One thing that you should know is that termite is very destructive and it can cost you a lot of money to control. Because of that it is good if you carry out home inspection every year since termite infestation is not covered in homeowners insurance.
Also, we have protection against nuclear hazards. It is better to note that nuclear accidents and their resulting damages are not covered by homeowners insurance.