Whether you're looking into insuring your first home or you are considering a new policy, it is important for you to be aware of things that are not covered by your homeowners policy. Insuring your home is one of the most important financial obligations that you have, and to make sure you get the most out of it, you should be aware of what you are paying for! When you are considering what can and cannot be covered, think about your own home and think about how susceptible it might be to some of these risks.
Flood, water damage and sewer backup
One way to think about is that flood and the results of water damage are frequently not covered by homeowners insurance. A break in the water line and any damage that results from this incident will usually not be covered by home insurers. Water can damage or destroy your home, so it is important to be prepared. Think about the possibility of flooding before you buy the home and check with the housing inspection on whether there is a history of water damage in the home. Similarly, sewer backup is not commonly covered, but because the effects can be so damaging, you may wish to have it added specifically to the policy.
Mold
Mold is another phenomenon that is not covered under your homeowners policy. While the mold may not seem like a very important factor in terms of your house's integrity, you should still be aware of the fact that mold can weaken the structure of your home as well as make the inhabitants of the house miserable with allergies and respiratory infections. Mold removal can also be quite pricey, so if you notice mold growing in your basement, attic or ventilation systems, you should have it taken care of as soon as possible.
Infestations
Similarly, you should be aware that infestations of any sort are not covered by your homeowners insurance. Whether the infestation is of bats, rats or termites, you are going to be on your own when it comes to getting rid of them. Also keep in mind that you are responsible for removing larger animals as well, like birds, raccoons or opossums. While there are many pest removal services that you can employ, remember that basic upkeep on your home can help keep the pests away in the first place.
Vehicles and pets
Make sure that you are aware that vehicles like cars, boats and motorcycles are not covered under homeowner's insurance. Theft and vandalism of these vehicles are covered under separate insurance types. Similarly, pets are not covered under homeowners insurance either. If your pet sickens or gets hurt on your property, you will be paying the fees on your own. Keep in mind that pet insurance is available and it is a good idea to look into this option.
There are more common things or perils that are not or may not be covered by homeowners insurance policies e.g. war, terrorism attack, natural disaster or intentional damage. Remember to speak to the local insurance agents in our network, to make sure that you know what is and is not covered after requesting free quotes on Arizona homeowners insurance. It will save a nasty surprise down the road when something happens, and it can help you budget for the worst.