What kind of damage does a basic homeowners policy cover and what is not covered?
Most basic policies protect against damage from: -Fire and lightning -Windstorm and hail -Explosion -Riot and civil commotion -Aircraft -Vehicles -Smoke -Vandalism and malicious mischief -Theft -Damage by glass or glazing material that is part of the building -Volcanic eruption You can also increase the coverage to include: -Falling objects -Weights of snow, ice, and sleet -Three kinds of water-related damage from home utilities or appliances -Electrical surge damage Coverage that is not afforded for in a standard homeowners policy can vary from company to company. However, unless you purchase additional coverage, damage caused by floods, earthquakes, nuclear accidents, wars, intentional damage, and normal wear and tear is not covered. There are other exclusions that may also apply.
Related Questions
- My home is beginning to show signs that it may have been poorly constructed. Does my homeowners policy cover damage resulting from construction defects?
- Recent rainstorms have flooded my basement and caused damage to some of its contents. My Homeowners policy will cover it, correct?
- How does the homeowners policy pay for damage to covered personal property?
