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What Will Homeowner’s Insurance Not Cover?

While a basic homeowner’s insurance policy will provide coverage for a range of different perils, it is important to keep in mind that you may need to purchase additional coverage options in order to provide better protection for your home and assets. Knowing what homeowner’s insurance will not cover can help you make more informed decisions when it comes time to purchase an insurance policy for your home. The team from Mountainview Insurance has put together a list of things that are typically not covered under home insurance that you should be aware of.

Find out more things most people do not know about homeowner’s insurance.

1. Flooding and Sewer Backup

In order to ensure that your home is covered in the event of a flood or a sewer backing up and destroying your basement, you will need to purchase additional coverage; however, depending on the area you live in, it may be difficult to find a policy that covers overland flooding. This typically happens in places where flooding is extremely rare and not enough people are at risk.

2. Water Damage

Water damage caused by clean water, such as a burst pipe, faulty appliances, or a broken watermain, may not be covered under a standard homeowner’s policy. While accidental water damage tends to be covered, water damage that is caused as a result of wear and tear, lack of maintenance, or oversight may require additional coverage.

3. Home-Based Businesses

A basic home insurance policy will typically not provide full coverage for home-based businesses. In the event that a client is injured while on your property or business equipment is damaged, chances are that your insurance claim will be denied if you have not purchased additional coverage.

4. Foundation Cracks

Foundation cracks are commonly classified as being caused by normal wear and tear or by lack of adequate maintenance. This means that, if a crack appears in your home’s foundation and results in flooding, water damage, or mould, your insurance claim will most likely be denied.

5. Dog Bites from High-Risk Breeds

While most dog bites and other dog-related injuries are typically covered by a standard homeowner’s insurance policy, some policies may exclude certain breeds that are classified as high risk, such as pit bulls and German shepherds.

If you would like to learn more abut what homeowner’s insurance will not cover, or if you are interested in purchasing a home insurance policy, please contact Mountainview Insurance at 604-557-0255 or by filling out a contact form on our website.

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