Homeowners Insurance Policy: What Perils Are Covered?

Our home is a safe heaven. It’s where many of us spend a good deal of time and keep things that are important to us, so it’s crucial to ensure our belongings are protected in the event of unexpected perils. Unfortunately, fire, water, theft, vandalism, and wind are outside your control, but homeowner’s insurance policy can help you plan ahead and get you prepared. This will save you a lot of stress down the road.

Perils Covered By A Homeowners Insurance Policy

No home insurance policy can cover every type of loss. The policy you have will determine how many perils are covered. Commonly covered perils include:

• Theft
• Vandalism
• Smoke and fire damage
• Water damage from internal sources, not flooding
• Weather damage, such as hail or wind damage
• Damage caused by ice or snow
• Damage from civil violence, such as riots
• Damage caused by aircraft or motor vehicles

                                    Perils Not Covered By Homeowners Insurance Policy Perils not covered by homeowners insurance policy varies, so you should ask your insurer about your exclusions. These perils are usually listed as exclusion in a homeowner’s insurance policy:

• Power Failure
• Intentional Loss
• Wear and Tear
• Land Movement
• Nuclear Hazard
• Nuclear Hazard
• Flood or earthquakes
• Construction Theft
• Smog, Rust, Corrosion, and Rot Flood and Water Damage and many more.

Keep in mind that your policy can cover an excluded peril for an additional fee. In Summary You need a homeowner’s insurance policy to protect your home. However, it’s essential to discuss your coverage with your insurance agent to understand how your property will be covered in case of unexpected perils.