What Does Homeowners Insurance Not Cover?

Posted by Cameron Heron on July 27, 2011 Leave a comment (0) Go to comments

Theres a tendency to focus on the benefits of homeowners insurance without reference to its shortcomings.

However, basic homeowners insurance doesnt offer complete protection of your property, pets, family, and guests, leaving you open to quite a bit of liability.

Though it differs from company to company and policy to policy, the following are a few of the things that are generally not included in homeowners insurance, possibly requiring you to purchase separate coverage.

1. Dangerous or Farm Animals.

While a basic policy will often cover injuries caused by a chihuahua, they usually wont cover pit bull bites or chicken scratches. Certain breeds of dog and nontraditional pets require a special rider, as they are believed to be more dangerous and thus impart more liability.

2. Intentional Acts.

Homeowners insurance will cover injuries caused by negligence, but will not cover intentional acts. This includes battery, assault, and destruction of anothers property, even if they occur on the premises.

3. Earthquakes and Floods.

Though it varies by region, most policies dont cover earthquakes and floods. Others also dont include hurricanes, and tornados. Youll likely have to purchase an additional policy if you are prone to these natural events.

4. General Wear and Tear.

The ordinary upkeep associated with owning a home is yours and yours alone. Homeowners insurance policies will not cover damage caused by general weather conditions, or old age. This includes issues with paint, landscaping, and even settling.