Most people have homeowner’s insurance to protect their home and belongings in case of an unforeseen event, such as a fire or burglary. However, some things are not typically covered by standard home insurance policies. Here are some you should definitely know about.
1. Intentional/Malicious Damage
This type of damage is any destruction that is carried out on purpose. It could be something as simple as throwing a rock through a window or spray painting graffiti on a wall. If the damage is done on purpose, your home insurance policy will not cover it.
Always remember that home insurance is designed to protect you from accidental damage, not damage that you do on purpose. If you intentionally damage your property, your home insurance company will not pay for the repairs.
2. Wear and Tear
Another type of damage that is not covered by home insurance is wear and tear. This is the gradual deterioration of your property that happens over time due to use and exposure to the elements.
For example, home insurance will not cover the repair cost if your roof starts to leak after years of exposure to the sun and rain. This type of damage is considered to be normal wear and tear that every homeowner should expect.
Flooding is one of the most common types of damage not covered by home insurance. This is because flooding is considered a high-risk event that can cause much damage in a short amount of time. Homeowners should consider buying flood insurance to be protected from this type of damage.
4. Acts of War
Another type of damage that is typically not covered by home insurance is an act of war. This could include damage from a bomb or other weapons of mass destruction. If an act of war destroys your home, your home insurance policy will not cover the cost of repairs.
As you can see, several types of damage are not typically covered by home insurance. It’s essential to be aware of these exclusions to ensure you’re adequately protected. If you have any questions about what is or isn’t covered by your home insurance policy, Morgan Insurance Services in Tampa, FL can help. Give us a call today to learn more.