Most homeowners insurance policies cover the cost of rebuilding or repairing the house after damage, but there are certain things that the coverage does not include. In other words, intentional acts of the homeowner are not covered. Even smaller acts of vandalism, such as breaking into your home, are not covered by your policy. This article explains what homeowners insurance does not cover. It’s important to understand the details of your policy before purchasing it.
Although homeowners insurance policies are customizable, there are a few standard elements that all policies should include. Coverage for damages caused by fire, vandalism, and earthquakes is standard. Your policy will also reimburse you for the cost of rebuilding your home. The policy does not cover damage from poor home maintenance. If you have a business on your property, it may need a separate policy. The exclusions in a policy may vary depending on the type of coverage you have and where it was built.
Water damage from sinkholes and sewer lines is not covered by standard policies. However, some insurance providers sell separate water damage endorsements. Proper home maintenance and upkeep are essential to prevent costly repairs from occurring. In addition, many excluded items are the result of negligence or improper care. Unless the damage is a direct result of an intentional act, most home insurance policies do not cover mold and rot damage. This is particularly important for coastal properties, since these two factors are common in Florida.