Surprise: Here are 10
things a typical homeowners policy doesn't cover:
- Damage due to animals or rodents.
- Mold, mildew or dry rot.
- Earthquakes -- including earth movement, landslides, etc.
- Slow leaks.
- Flooding: You have to buy a separate flood insurance policy to be covered for floods, tidal surges and tsunamis.
- Intentional damage.
- Foundation settling and cracking.
- Volcanoes: Deposits of volcanic ash? Not covered. Nor is damage from tremors caused by the eruption.
- A home business: If you operate a home-based business, you might be uninsured and not even realize it. Your homeowners policy may provide a limited amount of coverage for business-related personal property in the home, but don't wait until you have a loss to find out if you're covered. Talk to your agent.
- A second residence on the property: Most homeowner policies don't cover a second residence.
Here, on the other hand, is a list of
what is covered under a typical homeowners policy.
