What Will Homeowners Insurance Not Cover?
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaEven though most homeowner’s policies are written on an “all-risk” policy, it has several exclusions. The first issue is that it doesn’t cover normal deterioration, wear and tear. It is designed to make you “whole” if you suffer a “covered loss.” The two most significant exclusions are damage caused by flooding and by earth movement. These coverages can be purchased but at additional premium. There are additional exclusions, such as insect infestation. There are also some limits placed on coverage for things such as jewelry, guns, stamps and cash.Answered on May 19, 2014flag this answer
14231 POINTSview profileTom SheehanAgency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482These days, most policies list coverage exclusions and generally speaking , if something is not on that list, it'll be covered. There are a couple of specific exclusions that you will find everywhere regardless of the company and state namely Flood and Earth Movement. In many cases, a policy can be endorsed to include damage by earth movement, but the only way to get flood damage protection is by purchasing a Flood Insurance policy.Answered on May 20, 2014flag this answer
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