Looked through your homeowners policy lately? While it may not be at the top of your reading list, knowing what your policy covers — and doesn’t cover — may save you money and grief later on.
The following typically aren’t covered under standard homeowners policies.
- Flood damage. Most policies cover rain damage but specifically exclude flood damage. Coverage is available in limited areas through the National Flood Insurance Program.
- Earthquake damage. You can get special coverage through state-sponsored entities in earthquake-prone areas or from private companies that offer riders covering earthquake damage.
- Vehicles on your property. Most homeowners policies cover your house and buildings but not cars, motorcycles, boats, or other vehicles that are stolen from or damaged on your property.
- Dorm room furnishings. Property in a dorm room probably won’t be covered under your homeowners policy. Buy a separate policy.
- Jewelry, art, and other valuables. Typically, you’ll need a separate rider for these items.
To learn more about the insurance coverage you and your business needs, give us a call today.
