Exclusions are things not covered by home insurance. Chances are you haven’t read your home insurance policy, and who can blame you? It is pages long. But you could be in for a nasty surprise when you file a claim if you don’t know the things that aren’t covered by home insurance. At Dalessandro Agency Inc. in Grand Rapids, MI, we are locally owned and operated and offer our customers our 25 years of experience in the insurance industry.
Flooding probably causes the most shock when homeowners realize that their home insurance doesn’t cover it. It is a common occurrence in many parts of the country and causes huge amounts of damage. The average home that is involved in a flood suffers nearly $40,000 in damage. The good news is you can get a separate policy to protect you from flood damage.
Wear and tear
Homes age and require maintenance. Your roof needs to be replaced before it allows water to damage the interior of your house. Your furnace will get older, and so will your air conditioning unit, but your home insurance won’t cover a unit that dies because it is past its useful life.
Earthquakes are a fact of life in some parts of the United States. For you, this is necessary coverage. You can buy this insurance on a separate policy or endorsement. Other types of earth movement are excluded as well, including landslides and sinkholes.
Your policy has definite limits on the amount of coverage that you have for expensive items. Jewelry is the most common issue. A large engagement ring probably is higher than your policy limit. Art and antiques are also a problem.
The best way to avoid being disappointed in your home coverage is to read your policy and talk to your independent insurance agent. At Dalessandro Agency Inc. in Grand Rapids, MI, we are here to answer any questions you may have. Please stop by or give us a call for a free quote.