No matter what type of homeowner’s insurance you have, it is important to know exactly what is and is not covered. At Mountainview Insurance, we know that a lot of homeowners are in the dark about their home insurance coverage, which is why we want to help keep you informed. Here are some of the most common things most people do not know about homeowner’s insurance.
A standard homeowner’s insurance policy provides many protections, such as coverage for the home’s structure, personal belongings, loss of use, and liability; however, it is important to know that it does not cover everything. Policies will often state that for something to be covered, it must be sudden and accidental. This means that if a leaky faucet causes damage over many months, it most likely will not be covered because proper maintenance was neglected. It is also important to note that, even if they are sudden, certain natural disasters are never covered in a standard home policy, such as floods from ground water and earthquakes; however, separate flood insurance can be purchased and added on to a home insurance policy.
Insurance companies want to ensure that your property is in good shape, so that deferred maintenance does not make the home unsafe or more vulnerable to damage. Additionally, if an insurance company finds that damage occurred due to neglect to maintain the home, they can deny a claim.
Homeowner’s insurance typically includes liability for all family members in a household, including pets; however, insurers are particular about which dog breeds are covered. Large, powerful breeds may be blacklisted altogether or cause you to pay an inflated home insurance rate. Some of the breeds that are most commonly excluded from coverage include:
It is always a good idea to know which personal possessions are insured against disasters and theft under a homeowner’s policy; yet, most people do not realize that certain types of items come with coverage limits or caps. Some of the household items that tend to have coverage limits or caps include:
While some belongings may not be fully covered, homeowner’s insurance does offer the extra protection of covering belongings outside of your home. For instance, if a laptop is stolen from your car, auto insurance will not cover it but home insurance will.
If you would like to learn more about things most people do not know about homeowner’s insurance, or if you are interested in one of our insurance products, please contact Mountainview Insurance at 604-557-0255 or by requesting a quote on our website.
We’re ready to understand your insurance needs and to work for you to get the coverage you need.